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With operating margins in the double digits, asset managers may feel a lot less pressure to manage profitability than other industries grappling with razor-thin margins. But technological developments and demographic changes will have a profound impact on the future competitiveness of firms that don’t understand who their best customers are, how to retain them, and how to expand business with them.
Business analytics—specifically, client segmentation, advisor profitability analysis and predictive analytics—as well as a focus on individualized customer experience is foundational to the stability and success of asset managers. Whether a firm is in early or later stages in using advanced business analytics, it needs to ensure it is able to agilely respond to competitive forces in order to support profitable growth.
Our latest research, Enhancing Profitability With Advanced Business Analytics, delves into the strategic imperative for asset managers to view business intelligence as a corporate asset, and use it to build more lasting, stable client relationships and growth. This report also includes:
Subscribers of this report also receive a personalized DST analyst presentation. Purchase the report today.
Primary Audience: Heads of Distribution, E-Business, Marketing, Strategy, and Business Intelligence
DST analyzed survey results from a diverse set of 41 asset managers and insurers, and conducted interviews with firm executives and industry vendors.
categories: advanced analytics, predictive analytics, data science, business analytics