The global alternative data market is predicted to grow at a compound annual growth rate (CAGR) of 40.1 per cent from 2020 to 2027.
Alternative data can be used to better understand business performance, market trends and future investment opportunities. Financial services firms that can convert alternative real-time data into accurate and actionable insights are three times more likely to report significant improvements in decision-making.
Our CEO Andrew Lane talks to Crux Informatics‘ Dan Ostermueller to discuss why global #fintech companies and two-thirds of UK financial services companies are now use alternative data to find new ways of making better investment decisions and mitigating risk.
Here’s why more and more financial service companies and quant funds are looking to sentiment scores, alternative data and news volume metrics to help them better understand market trends.
Crux Supplier Spotlight: Acuity from Crux Informatics on Vimeo.