CTO Perspectives: Technology on the buy side
Technology is an increasingly important differentiator in how investment firms work. Innovation is a top priority as firms seek a competitive edge in investing while also looking to improve efficiency, lower costs and generate new value.
In the midst of all this change, the responsibilities of the CTO and technology departments are growing. Their day-to-day roles may still be centered on operational management and infrastructure, but many CTOs are now expanding their foothold in larger questions around firm strategy.
Bloomberg interviewed CTOs at asset managers and hedge funds in the United States to learn more about how they are approaching new challenges, thinking about nascent technologies and juggling competing priorities. Download our two-part report to learn more.
Report highlights
The top three technology trends reshaping the buy side
- Technology teams are being asked to deal with a deluge of new data (i.e. alternative data) in the front office, while also tackling data management issues across the organization.
- Implementing cloud solutions is a top priority at many firms, but full transition to cloud-based services and providers remains years away.
- Automation is expanding the role of tech departments and changing their role in planning for the broader priorities of the firm.
The evolving role of CTOs on the buy side
- With the constant pace of change, CTOs are asked to balance short-term issues with longer-term planning, and most struggle to plan beyond a couple of years in the future.
- The always-complex challenge of managing internal relationships and budgeting is in a state of flux as firms’ technology footprint grows.