Dataminr : December 7, 2016
‘Early Days’ For Alternative Data
There is a range of differing opinions on the use of alternative data. Which alt data sets are best, how is alt data used, and how is alt data best integrated into trading-desk workflows are just a few of the areas up for debate.
But if there is one consensus, it’s that the future of alternative data is promising.
“It’s very much early days,” said Sanford Bragg, Principal at Integrity Research Associates. “A lot of alternative data doesn’t have much history yet. It’s going to ripen, it’s going to deepen, it’s going to get better quality. It’s going to have a huge impact, both on the buy side and the sell side.”