Infovest promotes the use of a well-planned and transparent hub centric architecture. Investment software vendors tend to implement their products with scant regard for the client’s overall data architecture. Common examples of this are business intelligence tools or reporting solutions that source data from a myriad of unsustainable data sources following the “path of least resistance” approach: gathering data from the most accessible sources (e.g. spreadsheets) rather than the correct sources. This crystalises the weak data architecture as any changes to underlying data sources would then have upstream consequences.
Infovest maintains certain basic architectural principles which ensure our clients have a solid data architecture on which to build their systems platforms:
- Identify the master source of each data element
- Only source data from master sources
- Ensure fact data corrections are made at source
- Minimise the number of data dependencies between systems
- Encourage system robustness to minimize instances of key data being created/maintained in sub-optimal systems e.g. spreadsheets
