Investment research and data solutions provider ResearchPool has launched a new tool which will enable buy-side firms to aggregate fragmented, locally stored data into a single firm-wide, cloud-based hub.
The stored data will include environmental, social and governance (ESG) and proprietary or fundamental data, typically saved in multiple formats such as spreadsheets, emails and PDFs.
With ESG investing continuing to rise, investment managers currently face an overwhelming amount of data. As a result, many are looking to resolve a wide range of data issues caused by legacy systems, fragmented data and degraded operating models – issues which have a negative impact on effective decision making, as well as increasing costs and creating a poor user experience.
To combat this, ResearchPool has developed a solution which it claims will allow firms to quickly create their own databases on its platform, without coding or internal IT support. This will enable firms to centralise, standardise, analyse, and share external and internal data in a variety of formats.
In addition, visual data analytics platform, Tableau, has been embedded by ResearchPool to evolve how organisations see and understand their data.
“At ResearchPool we recognise that accurate, standardised, transparent, and timely data managed through an efficient workflow is essential for successful and repeatable investment decision making,” said Pedro Fernandes, co-founder & chief executive of ResearchPool.
“Our data collection and management solution enables buy-side firms to consolidate their proprietary data in the cloud, helping to transform their data into an asset.”