Architects Mull Renovations vs. Cost of New Build

The explosion in volumes and the number of data sources, coupled with the still-siloed nature of financial firms is hampering effective management of data architectures, according to a panel of data architects at last week’s North American Financial Information Summit.
“We live in a world where information infrastructure is siloed, and we tend to cleanse and store data in different departments and in different formats,” said Hemathri Balakrishnan, vice president of enterprise architecture and
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