How useful can collaborative web products, which streamline various business processes and activities like analysis, surveillance, pre-trading analytics etc, be for an asset management company?
While working on huge sheets of data, how do analysts and companies collaboratively work, so that the data remains consistent and is easy to analyze? What tools do asset management companies use to function effectively?
Good Answers (1)
I work with several teams who are in diff timezones, and we use collobarative software all the time. Voice based is still best, hence conf calling over tools like Skype is always good. But for visual things we use mindomo for mindmaps, and conceptshare if we wish to view any designs, pdf's etc. The key to make all these tools really work, is to train everyone on them, and not assume that we all "see" the same things. i.e we were all using mindomo (mindmapping tool) and realised that we could not understand each others mindmaps, simply because we had not set any guidelines as to how we should lay them out, some had top down, others were circular etc etc.
The same is true for any other tool, if you are remote, you need to set guidelines as to how to use each tool.
More Answers (3)
Standardization of analytics is not not only useful but necessary. Systems that allow this spread virally throughout the investment community as they create a "common language" for the participants. Look at the success of the Bloomberg system; it may not provide the best analytics but it does provide a starting point for investors, traders and salespeople.
I would recommend taking a look at Joint Contact. We've use it share and manage information on hundreds of documents and other projects.
Links:
Rachel L
CEO at Goldserv
Best Answers in: Internationalization and Localization (1), Web Development (1)
As a provider of collaboration technology (Netviewer) I can add that collaborative working, whether it is dual editing, form filling or project management is in a real growth curve right now. With asset management the ability to start a session quickly is key to success.
I would certainly recommend using a provider which offers either a server based option which can live inside a corporate network and so is available to all with maybe some active directory linking or a hosted option which runs securly over the web without the participants having to download any third party software leaving a footprint on the PC and can provide live session working in seconds.
In short it should be easy to deploy, and most importantly easy to get going.
