I would add that there needs to be improvement in the tools risk managers use to turn all that data in the warehouse into information. Whether you call it data mining or business intelligence or just “get me the report and I-don’t-care-how”, there must be tools that are not only powerful, but that can be used by the folks that actually need the information. There has to be a way of getting around the need for semi-programmer analysts whose only job is to receive information requests, turn those into structured queries that actually hit the data, and then get the information back to the requestor.

If you have a real-time calc engine re-valuing your portfolio within 5 minutes of the latest price tick, but it takes 24 hours to get a usable presentation of what that means for your enterprise, how much have you really gained?