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Outsourcing of Reference Data: The Dream vs. Reality Tom Jordan April 25, 2012. tjjordan@jandj.com. Prior Reference Data Outsourcing Initiatives and Why Did They Fail?. Prior reference data announcements have been more grandiose than their implementations Some noteworthy examples
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Outsourcing of Reference Data: The Dream vs. Reality Tom Jordan April 25, 2012 tjjordan@jandj.com
Prior Reference Data Outsourcing Initiatives and Why Did They Fail? • Prior reference data announcements have been more grandiose than their implementations • Some noteworthy examples • Why did they fail?
What Is Different Now? • Market • Regulation • Technology • Higher profile human capital • Maturity of the Model
Outsourcing Decisions – Is It Right for Your Organization? • Not a question of yes/no • What functions/services? • Which type of firm? • Which services do you use today?
Outsourcing Considerations • Risk • Cost • Flexibility to scale up and down • Speed to market • Loss of control/ability to change things • Initial migration • Dependency • Trust
Which Organizations Are Best Positioned to Provide Outsourcing Services? • Information vendors • Database software providers • Utility/Government Agencies • Application providers • Managed services • Service providers