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State Street: Institutional Investors Plan On Outsourcing Data Management

State Street Corporation (NYSE: STT) announced today new research[1], which reveals that more than half (60 percent) of institutional investors surveyed plan to partly or fully outsource their data management over the next three years. Currently, 52 percent conduct all of their data management functions in house, however, by 2021, this is expected to fall to 36 percent with 15 percent aiming to fully outsource this function to an external partner.  “Explosion in data complexity has fundamentally changed the way asset owners and asset managers compete and operate,” said Subbiah Subramanian, global head of State Street Global Exchange’s data-as-a-service offering, DataGX(SM)....