In the ever-evolving realm of technology and data solutions, Aiviq’s Head of Technology, Pavan Cherlapelly recently offered an insight into the technology that should be on the radar of every asset manager.
Cherlapelly embarked on his tech career following a master’s degree in computer science. From a humble beginning as a programmer, he quickly ascended to designing and managing large-scale software solutions for the banking and financial sectors, honing his technical acumen and leadership finesse.
Fascinated by the unique challenges posed by the banking and financial sector, he stepped into asset management, identifying it as an arena ripe for innovation and impact. Today, he stands as Aiviq’s Head of Technology, leading a team to develop pioneering technology solutions focusing on cloud technology, AI, security, and scalability.
Turning the spotlight onto tech transformation projects, Cherlapelly advises both boutique and large asset managers to prioritise efficient data management. His recommendations include consolidating data onto a unified platform, migrating to cloud-based storage, implementing robust frameworks for data governance and security, harnessing AI for advanced analytics, and automating routine tasks to enhance operational efficiency.
One of the standout solutions from Aiviq is the Integration Hub, designed to seamlessly connect with over 250 data sources. Its spoke mechanism securely integrates with clients’ infrastructure, including popular cloud providers. The hub excels in handling increasing data volumes, maintaining optimal performance, and enabling real-time data processing, thereby providing instant insights into global client flows.
When asked about the challenges faced by asset managers in the realm of data, Cherlapelly shares how Aiviq utilises cloud technology to dismantle data silos. The cloud-based Integration Hub consolidates disparate data sources into a unified platform that prioritises security, compliance, and uninterrupted access to critical data.
Lastly, on the topic of Artificial Intelligence (AI), Cherlapelly envisions it as a transformational force in asset management. At Aiviq, AI is employed to process data, analyse data quality trends, and develop natural language solutions. Although the journey with AI has just begun, its potential to revolutionise asset management is palpable.
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