As I discussed in my last blog post, Collective Investment Trust (CIT) growth is something we’ve been keeping a close eye on here at Delta Data.
I believe this trend strikes a particularly loud chord within the industry today because it’s a microcosm of the seismic changes we’re helping our client’s weather in terms of product strategy. It’s yet another moment in time in our industry where the curtain has been pulled back to reveal some of the back-office shortcomings that have plagued us for years, like siloed data systems that rely heavily on manual processes and spreadsheets.
Earlier this year, I had the opportunity to participate on a panel at the NICSA Strategic Leadership Forum. During the session, we discussed where the future of product is heading, as well as some of the impediments to innovation before we get there.
At the Forum, I actually had the pleasure of speaking with Ignites reporter Jackie Noblett for a video interview to discuss product innovation, and how our team at Delta Data is helping our clients think holistically about their product strategy so they can handle whatever the next need is, whether it’s CITs or something else we haven’t even thought of yet.
You can check out the 3-minute interview here. (Please note that you will need an Ignites subscription to access)
At Delta Data, we firmly believe that embracing the complexity and rethinking trends in product innovation is paramount. If you think about where complexity is going, it’s all tied to fees, data, and transactions. Solving for that means building a system that includes robust data management and a secure network of workflows between counterparties.
If you are able to step back and think holistically about how you deliver your next product and communicate your vision throughout your organization, while leveraging the proper technology to carry out that vision, you’ll be able to support that next product launch, regardless of its complexity.
Whitfield Athey is CEO of Delta Data Software. His role at Delta Data is focused on growth of the product base, satisfaction of clients and scalability of the organization.