Welcome to the second part of our Credit Data Strategy blog series.
Based directly on conversations with our clients and other market participants, this special blog series will spotlight how the credit market is leveraging technology and automation to unlock greater performance. Whether your firm has already implemented a credit data strategy or is yet to begin, this series will help you benchmark your practices and offer resources and advice on how to succeed in an ever-shifting landscape.
Based on our discussions with industry leaders, we believe that by answering these eight questions you can gauge how well your firm stacks up against the current “best-in-class” credit data operations.
The checklist below is intended for credit research management, but other professionals within an investment organization will also be able to use them to consider how their firms are positioned relative to peers.
To download a printable version of this checklist, click here.
How many “Yes” replies did you register?
6 or more: Indicates an advanced data strategy—from our experience, you are running your business at the leading edge of the market and are strategically positioned to continue leveraging innovation, leading to further differentiation versus your peers.
3 to 5: Indicates an emerging data strategy—you have implemented important components of best-in-class credit data operations and should be able to continue expanding the effort; however, now is not the time to pause as there is much more to achieve.
0 to 2: Indicates minimal-to-no data strategy—while not necessarily an outlier in today’s market, this report is meant as a wake-up call for you; now is the time to prioritize your data investment so you do not find yourself in a near-term competitive disadvantage versus peers who currently score higher in this survey.
Next week, we'll outline some of the most common reasons why credit investors have yet to implement a strategy based on our own first-hand conversations with market participants.
As always, if you'd like to discuss your own strategy, contact us if we can be of further assistance.