The ability to manage and generate insights from vast quantities of data becomes critical in an investment climate that is volatile and uncertain. Building on our previous research on data use and management, our latest survey of more than 900 asset managers, asset owners, insurers and wealth managers reveals why investing in advanced data strategies is an increasingly important priority for the industry.

Many firms see HDS as a strategic imperative with significant economic benefits, enabling them to respond rapidly to new market conditions, customer needs or evolving regulatory requirements. Singapore’s investment firms are at the forefront of the race to develop advanced data capabilities. More than four out of five (84 percent) of Singapore’s respondents in the survey are already implementing HDS – and over half are in the advanced stages of implementation, well above the global average of 35 percent. This determination to be a leader in HDS is matched by Singaporean firms’ readiness to invest in technology, with 65 percent increasing their spend in this area versus the global average of 52 percent.

A commitment to advanced data capabilities is already yielding significant benefits for Singapore’s investment institutions. For example, 72 percent of Singapore respondents see GenAI delivering value when it comes to defining investment objectives in the front office.

The report goes on to reveal how firms in different regions are working towards a HDS. It provides insight into how leaders in HDS expect to boost investment returns, increase revenues and deliver significant cost savings for their organizations. It also shows where firms are prioritizing their technology investments to deliver an enduring competitive advantage.