Distilling Data for Clients

Note from the Publisher:  We are ALL overloaded with data and more data, but with the explosion of information comes new opportunities to better serve clients and (ideally) boost investment returns.

“The amount of data being generated each year is growing exponentially. More data has been created in the past two years than in the entire previous history of the human race. By the year 2020, about 1.7 megabytes of new information will be created every second for every person on the planet.

With exploding growth in data volumes comes the need for businesses to organize, interpret and act on data in real time to stay competitive. Data visualization, the presentation of data in a vivid and visual context, is finding its way into the wealth management industry as firms look for more efficient ways to monitor the effectiveness of their products, strategies and resources, and it could be one of the more significant developments since the release of Excel.”

Read Full Article at Wealthmanagement.com