Data Science Platforms Help the Buy Side Integrate Alternative Data
“Asset managers are looking for ways to mine alternative data sets for investment ideas, recognizing that stock pickers cannot rely on traditional research.”
An explosion in alternative data, ranging from satellite images to mobile geolocation data and unstructured text, has created an arms race among hedge funds and quantitative funds.”
The buy side is expected to double its spend on alternative data from an estimated $661 billion in 2016 to $1 billion in 2020, based on analysis from Alternativedata.org.
Read the full article at: flextrade.com