Technology and data go hand in hand
Although most family offices recognise the value of data, the complexity associated with tracking significant wealth across diversified portfolios, multiple legal entities and geographies make it difficult for them to access, integrate and organise data in an efficient and timely manner. This is why many firms are now embracing fam-tech to assist with the data challenge, investing in platforms that can gather, display and interpret real-time data.
The truth is, however, that even the more advanced family offices are only scratching the surface of what data can potentially deliver to their firm and clients.
In this guide, we explore various types of data that family offices can access and utilise, including opportunities outside of the traditional investment and performance spaces. We also discuss the increasingly important role of technology as a tool to collect and analyse data and how it can be leveraged to its full potential.