Harris Associates Data Management Strategy

This case study details the data management strategy implemented by Harris Associates, an independent asset management firm managing over $99 billion in portfolios. The firm faced challenges with existing data management approaches, including data duplication and processing delays, which hindered timely decision-making. To address these issues, Harris Associates adopted InterSystems Data Studio, leveraging a smart data fabric architecture that integrates data from multiple internal and external sources. This implementation aims to create a single source of truth for consistent data and analytics, enhancing client engagement and operational efficiencies. The CTO of Harris Associates emphasizes the importance of timely data access, stating that even a five-minute delay can impact decision-making. The case study outlines the benefits of the new system, including improved reporting capabilities and the ability to conduct trade cost analysis using historical data. The firm anticipates significant cost savings and improved performance across its operations as a result of this strategic shift.