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Transaction cost analysis involves many millions of pieces of data. To make analysis meaningful it is essential that the data is comprehensive, accurate and easily accessible. Technology has always played a critical role in the process of data management within GSCS and investment in technology is continuous and significant. During the last fifteen years there have been rapid developments in • the quantity of data that investment managers capture electronically
in relation to individual transactions It is a measure of the importance GSCS attaches to effective use of technology that during the last ten years (from 1996 to 2005) we will have effectively completed three comprehensive redevelopments of the technology used to support the business. This reflects both the technology used in the collection, processing and quality control of data and also that used to provide reporting to clients. At each redevelopment GSCS has been able to • improve the productivity of its own staff (in collection, processing
and quality control) by at least 200%) As a result while the investment in technology has been significant GSCS has been able to reduce its unit costs and expand its business. Technology has been integral to our ability to charge lower fees to clients than our competitors while at the same time offering innovative, comprehensive and market leading services. Our commitment to continued investment is long term and unswerving. |