By Leigh Walters, Chief Executive Officer, TRG Screen
As we close the book on 2024, we saw an industry that’s been working harder than ever to deal with the costs and complexity of managing their market and reference data and finding more ways to take advantage of technologies like generative AI, while navigating many other business challenges.
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By Suzanne Ward, Chief Product Officer, TRG Screen
The market data landscape is constantly evolving, with the volume, diversity and cost of market data growing and shifting year by year. This rapid expansion has introduced new challenges for financial firms of all sizes, leading them to reevaluate how they manage this crucial information from a commercial standpoint.
Optimize Insights’ customizable dashboards and visualizations translates request, enquiry and workflow management metrics into actionable insights.
Political and economic uncertainty can significantly reduce clients' appetite for transactional work. Periods of uncertainty can create a challenging environment as clients become more risk-averse and delay decision-making. Law firms that rely on transactional work may need to adjust their strategies and offerings to better serve clients during turbulent times. Stricter budgeting and cost-cutting is often the solution for legal firms looking to stay ahead.
Data, data, data - legal firms have known for some time how important data is in order for their firm to make educated decisions on subscriptions, compliance, spend and to streamline workflows to name just a few. However, the capturing of data alone is insufficient. Without ensuring the correct data has been collected, and that it has been correctly structured and properly analyzed, it will be of no use. How can firms ensure they are making data driven decisions and gaining the most valuable insights?
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