Share this article
Share this article
NEW YORK and STAMFORD, Conn., Dec. 15, 2020 /PRNewswire/ -- Seeking broader and deeper ties to clients, asset managers worldwide expect to increase annual spending on data and technology to $84 billion by 2023 from $50 billion in 2019. Investing the money wisely — not merely boosting budgets — will separate the leaders from the laggards, according to the latest research from asset management strategy consultant Casey Quirk, a Deloitte business.
Data and technology are becoming core to the asset management business and critical resources required for firms to operate effectively, particularly in the post-pandemic world, according to the Casey Quirk white paper, "Technology for the C-Suite: Driving Competitive Advantage in Investment Management."