DATA
& the five levels of sophistication
With the rise of AI, many firms in the private markets are naturally keen to harness its benefits. But most aren't ready. Yet.
In 2024, more and more conversations we have with clients and prospects inevitably end up with a discussion on AI and how they can use it. Whilst there is little doubt that AI is coming, firms need to be ready to implement it. We believe that requires a significant amount of groundwork to be done to ensure your firm’s data can be accurately leveraged. But the good news? No matter what stage you are currently at, we can help get you to where you need to be.
The five levels of data sophistication
Below you will find (from our experience) the five levels of sophistication when it comes to organisations and their data. Just hover over them to find out a little more.
Level 1
Level 2
Some Systemisation
Level 3
Data Silos
Level 4
Integrated Systems and Data Warehouse
Level 5
AI Ready
Level 1
Unstructured
Problem Statement
You’re not sure where your data is. You may or may not have any systems in place. If you do, you do not have a clear picture of adoption and it is likely that users are maintaining their own records outside these systems. In our experience, this is a common problem.
How can we help?
We’ve been helping firms in the private capital markets solve this problem for many years. To get a handle on your data, you are likely to need our help understanding what your current situation is and defining a Target Operating Model which details the steps needed to progress to Level 2 and beyond. Just click the link below to send us an email to find out more.
Level 2
Some Systemisation
CRM
System
Portfolio
Monitoring
Back
Office
Finance
Data
Data
Models
Problem Statement
Although it’s likely that you’ve made significant investments in various systems to support your operations, it’s probable that user adoption is not consistent. As a result, data may well be patchy and users will have many complaints about how the systems are configured. In addition, you may still have core business processes being run in Excel. This often leads to users maintaining external records and/or exhaustive manual processes being required to meet basic reporting or operational requests. Not only is this a missed opportunity from a data perspective, it also means that the often significant investment in licence fees, are not generating ROI.
How can we help?
We can assess your current infrastructure, identifying areas for improvement and fine-tuning processes to enhance efficiency, reliability, and performance. Firstly, if you don’t have these systems then we can help select the best ones for your needs and implement them. If you do have systems in place, we can refine and optimise them to their fullest potential. We do this by leveraging best practices and cutting-edge technologies, ensuring that your systems not only meet your immediate needs but also remain adaptable and scalable to accommodate future growth and progress to Level 3 and beyond. Just click the link below to send us an email to find out more.
Level 3
Data Silos
Problem Statement
While your systems are in place, you’re probably facing challenges in consolidating data from each system to create a comprehensive and unified view for reporting purposes. This fragmentation of data and lack of data mastering presents a significant obstacle to obtaining a holistic understanding and your ability to make informed decisions based on accurate insights.
How can we help?
To address these challenges and progress to Level 4, it’s crucial to implement a strategic approach to data management and reporting. By identifying clear use cases that deliver value to the business, we work with clients to design a data strategy that allows data to be extracted from silos. We achieve this by leveraging advanced data integration techniques to seamlessly connect disparate systems and allow the aggregation of data to meet the identified use cases. This unlocks your data silos, reduces the need for multiple records to be maintained across systems and identifies a clear system of record for a given data point. Just click the link below to send us an email to find out more.
Level 4
Tactically Integrated Systems and Data Warehouse
Problem Statement
You have begun to execute your data strategy. You have proved the value of integrating systems by tactically solving specific problems and identified further use cases that can deliver ROI. Getting here places you above many of your peers. But truly unlocking the power of your data requires you to solve many architectural and data mastering challenges, to ensure all your data can be combined into a coherent single source of truth.
How can we help?
Data management and mastering become key to advancing to the next Level, with problems such as accurately mapping entities and IDs across all of your systems becoming major roadblocks. Similarly, with vast amounts of data now available to users, building a robust and maintainable permission model becomes critical. Our team of data engineers work with clients to solve these problems at scale, developing data dictionaries, permission models and data transformation pipelines that underpin advanced analytics. From here, we can implement robust enterprise level reporting solutions that leverage this integrated data to generate actionable insights that are responsive and scalable for the long term.
With access to timely and accurate information, you can make data-driven decisions with confidence, driving efficiency, innovation, and strategic growth across your organisation. Just click the link below to send us an email to find out more.
Level 5
AI Ready
Problem Statement
You have successfully created a data platform that has the potential to transform your business and unleash the power of AI. But how can you successfully leverage this power to generate ROI for your business in such a fast moving landscape fraught with technical and compliance related challenges?
How can we help?
Overall, AI has the potential to transform the private capital markets by improving decision-making and enhancing operational efficiency across various functions. However, it’s essential for firms to invest in talent, technology, infrastructure and the right partners to realise the full benefits of AI adoption given the speed of change in this fledgling technology.
Contact Us
Our team of experts is ready and waiting to discuss your unique needs.
- +44 (0) 20 4551 9191
- info@itventure.com
