In the current landscape where high interest rates, inflation and global political conflicts are contributing to market volatility, asset management firms face challenges that are disrupting previously strong market gains. Consequently, relying solely on market performance for profitability is no longer feasible. To stay competitive, firms of all sizes must focus on delivering innovative products, differentiated client experiences, and streamlined operations. One key enabler to achieve this, which must be a focus area for improvement, is data management. Unlocking data silos, from within and outside the enterprise, provides asset management firms with powerful advantages. These include enhanced analytics, faster reactions to market fluctuations, precise risk management, and improved responsiveness to regulators. However, managing vast volumes of data across various disparate sources remains a challenge. This report summarises the key findings from a survey of 375 asset management firms to explore how they are approaching their data management strategy.