RavenPack Helps Hedge Funds Deal With Their Big Data ‘Hoarding Disorder’
July 3, 2017
The default setting for financial firms today is to hold on to data, like something from Hoarders. Firms have difficulty parting with in-house data because they don’t know what is OK to delete. To be on the safe side, especially from a compliance perspective, they just save everything. Given the availability of ever cheaper computing power and storage, the direct cost of following such a strategy is fairly low.