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Alternative Data Sources for Investment & Market Research
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class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only" href="/platform/workflow/#analyze"><span class="ubermenu-target-title ubermenu-target-text">Analyze</span><span class="ubermenu-target-divider"> – </span><span class="ubermenu-target-description ubermenu-target-text">Table tools that let you model, export, and effortlessly browse historical findings</span></a></li><li id="menu-item-7434" class="ubermenu-item ubermenu-item-type-custom ubermenu-item-object-custom ubermenu-item-7434 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-2 ubermenu-column ubermenu-column-auto" ><a class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only" href="/platform/workflow/#integrate"><span class="ubermenu-target-title ubermenu-target-text">Integrate</span><span class="ubermenu-target-divider"> – </span><span class="ubermenu-target-description ubermenu-target-text">3rd party connectors and APIs to securely upload and search your proprietary 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delivering an unmatched, tailored picture of any market</span></a> <br> <a class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only" href="/platform/expert-insights/"><span class="ubermenu-target-title ubermenu-target-text" style="margin-bottom: 15px">EXPERT INSIGHTS</span><span class="ubermenu-target-divider"> – </span><span class="ubermenu-target-description ubermenu-target-text">Exclusive access to primary research, delivering on-demand and cost-effective insights through high-quality expert interviews and personalized 1:1 calls with premium experts</span></a></div></li></ul></li><li id="menu-item-3205" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-current-page-ancestor ubermenu-item-has-children ubermenu-item-3205 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-mega" ><a class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://www.alpha-sense.com/solutions/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Solutions</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-3205 ubermenu-submenu-type-mega ubermenu-submenu-drop ubermenu-submenu-align-full_width" ><li id="menu-item-7892" class="ubermenu-item ubermenu-item-type-custom ubermenu-item-object-custom ubermenu-item-7892 ubermenu-item-auto ubermenu-item-header ubermenu-item-level-1 ubermenu-column ubermenu-column-1-4" ><div class="ubermenu-content-block ubermenu-custom-content solutions-highlight"><a class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only" href="/platform/enterprise/"> <span class="ubermenu-target-title ubermenu-target-text arrow-blue" style="margin-bottom: 15px">ENTERPRISE INTELLIGENCE</span> <span class="ubermenu-target-divider"> – </span> <span class="ubermenu-target-description ubermenu-target-text">End-to-end generative AI platform for unlocking insights in your internal intelligence</span> </a> <br> <a class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only" href="/platform/expert-insights/"> <span class="ubermenu-target-title ubermenu-target-text arrow-blue" style="margin-bottom: 15px">EXPERT INSIGHTS</span> <span class="ubermenu-target-divider"> – </span> <span class="ubermenu-target-description ubermenu-target-text">On-demand and cost-effective access to high-quality expert interviews and 1:1 calls</span> </a> <br> <a class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only" href="/platform/wall-street-insights/"> <span class="ubermenu-target-title ubermenu-target-text arrow-blue" style="margin-bottom: 15px">WALL STREET INSIGHTS</span> <span class="ubermenu-target-divider"> – </span> <span class="ubermenu-target-description ubermenu-target-text">A leading collection of equity research from 1,500+ sell side and independent firms</span> </a></div></li><li id="menu-item-7893" class="nav-title ubermenu-item ubermenu-item-type-custom ubermenu-item-object-custom ubermenu-item-has-children ubermenu-item-7893 ubermenu-item-header ubermenu-item-level-1 ubermenu-column ubermenu-column-1-4 ubermenu-has-submenu-stack" ><a class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only" href="/solutions/#use-cases"><span class="ubermenu-target-title ubermenu-target-text">BY USE CASE</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-7893 ubermenu-submenu-type-auto ubermenu-submenu-type-stack" ><li id="menu-item-7901" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-7901 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-2 ubermenu-column ubermenu-column-auto" ><a class="nav-link ubermenu-item-layout-default ubermenu-item-layout-text_only sub-link" href="https://www.alpha-sense.com/solutions/benchmarking/"><span class="ubermenu-target-title ubermenu-target-text">Benchmarking</span></a></li><li id="menu-item-7897" 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class="container"> <div class="row"> <div class="d-none d-md-block col-md-4 col-lg-3"> <div class="sticky-top"> <div class="top-block"> <ul id="anchor-list"> </ul> <div class="optional-cta"><ul> <li><a style="margin-top: -10px" href="#faq">FAQs</a></li> </ul> </div> </div> <div class="share"> <strong>Share</strong> <!-- <div class="addthis_inline_share_toolbox"></div> --> <div class="share-buttons"> <a href="https://twitter.com/intent/tweet?text=Alternative Data&url=www.alpha-sense.com/solutions/alternative-data/" class="share-button"> <svg xmlns="http://www.w3.org/2000/svg" height="1em" viewBox="0 0 512 512"> <path d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z" /> </svg> </a> <a href="https://www.linkedin.com/shareArticle?mini=true&url=www.alpha-sense.com/solutions/alternative-data/&title=Alternative Data&summary=" class="share-button"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 448 512"> <path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z" /> </svg> </a> <a href="/cdn-cgi/l/email-protection#1d"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"> <path d="M48 64C21.5 64 0 85.5 0 112c0 15.1 7.1 29.3 19.2 38.4L236.8 313.6c11.4 8.5 27 8.5 38.4 0L492.8 150.4c12.1-9.1 19.2-23.3 19.2-38.4c0-26.5-21.5-48-48-48H48zM0 176V384c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V176L294.4 339.2c-22.8 17.1-54 17.1-76.8 0L0 176z" /> </svg> </a> </div> </div> </div> </div> <div class="col col-lg-9 spaced-list col-md-8"> <h2><span style="font-weight: 400">What is Alternative Data?</span></h2> <p><span style="font-weight: 400">Alternative data is any data that is gathered from nontraditional sources. For investors and companies, this is any financial data beyond company filings, press releases, earnings reports, and <a href="https://www.alpha-sense.com/solutions/broker-research-reports/" target="_blank" rel="noopener">broker research</a>. </span></p> <p><span style="font-weight: 400">This kind of data is valuable because it provides a much more granular view of a market, industry, or trend and often contains critical insights that will help an investor make more accurate and well-informed investment decisions and generate alpha. Because not all companies or investors rely on alternative data, it can also help those that do use it to stay ahead of the curve, anticipate market trends before they happen, and see opportunities they would otherwise miss if they were only relying on traditional data.</span></p> <h2><span style="font-weight: 400">What Are the Types of Alternative Data?</span></h2> <p><span style="font-weight: 400">There are three main subsets of alternative data:</span></p> <ul> <li style="font-weight: 400"><span style="font-weight: 400">Generated through individuals</span></li> <li style="font-weight: 400"><span style="font-weight: 400">Generated through business processes</span></li> <li style="font-weight: 400"><span style="font-weight: 400">Generated by sensors</span></li> </ul> <p><span style="font-weight: 400">Let’s go through each one in more detail.</span></p> <h3><span style="font-weight: 400">Individuals</span></h3> <p><span style="font-weight: 400">For the most part, data generated by individuals is unstructured. It comes primarily from social media, web traffic, and app usage, and it provides key insights into consumer sentiment and behavior. The insights from this data are integral for brands to understand brand performance and increase customer loyalty.</span></p> <p><span style="font-weight: 400">Individual-generated alternative data also encompasses expert interviews, such as those that can be found in an expert call transcript library.</span></p> <p><span style="font-weight: 400"><a href="https://www.alpha-sense.com/platform/expert-insights/" target="_blank" rel="noopener">Expert Insights</a> is an </span><a href="https://www.alpha-sense.com/solutions/expert-calls/"><span style="font-weight: 400">expert call transcript library</span></a><span style="font-weight: 400"> for financial services and corporate professionals, housed within the AlphaSense platform. It offers first-hand perspectives from seasoned subject matter experts—such as thought leaders, former executives, customers, competitors, and partners—from a specific company or industry that would otherwise be inaccessible to professionals. </span></p> <p><strong>Learn more about <a href="https://www.alpha-sense.com/blog/product/expert-insights-alternative-data/" target="_blank" rel="noopener">The Power of Expert Insights As Alternative Data</a>.</strong></p> <p><span style="font-weight: 400">Another example of individual-generated alternative data is sentiment—social and market. If an investor or corporate professional is simply relying on mention counts as they skim a particular company’s documents and transcripts, they may risk missing the underlying meaning in what is being said about a topic. Sentiment is key to understanding the nuance behind what an executive leader, news source, or customer is saying—which can help with strategy and smarter decision-making.</span></p> <p><span style="font-weight: 400">But sentiment can be challenging for humans to always get right, particularly when working with pages and pages of data. Sentiment analysis is a </span><a href="https://www.alpha-sense.com/blog/product/natural-language-processing-financial-research/"><span style="font-weight: 400">natural language processing (NLP)</span></a><span style="font-weight: 400">-based feature that automatically parses out the tone and language nuance in a given document and helps you quickly pick up on the subtext of what is being said. </span><a href="https://help.alpha-sense.com/en/articles/3779287-sentiment-analysis"><span style="font-weight: 400">Sentiment analysis</span></a><span style="font-weight: 400"> is built into the AlphaSense platform, so you can easily recognize the positive, neutral, or negative sentiment in the source you are analyzing, and use that knowledge to make more informed decisions. </span></p> <p><b>To learn more about Expert Insights, or to start your free trial with AlphaSense, </b><a href="https://go.alpha-sense.com/tr-trial-request.html"><b>click here</b></a><b>.</b></p> <h3><span style="font-weight: 400">Business Processes</span></h3> <p><span style="font-weight: 400">This is data that businesses generate and includes bank records, commercial transactions, credit card transaction records, and data from government agencies. This data is usually structured and provides a good indication of business performance and company sales forecasts. </span></p> <h3><span style="font-weight: 400">Sensors</span></h3> <p><span style="font-weight: 400">Alternative data gathered from satellite images, weather forecasts, and geolocation falls into this category. This data is unstructured, and it can be used to give companies insight into consumer behavior and sociological patterns. Examples include foot traffic, property details, and a business’s ambiance environment—all of which can be helpful for investors looking to gain insight into the profitability of an opportunity.</span></p> <h2><span style="font-weight: 400">What are the main use cases for alternative data?</span></h2> <p><span style="font-weight: 400">Alternative data is useful because it’s immediate, frequently updated, and provides added context to certain trends or performance indicators that are otherwise ambiguous. It is most often used by scrappy investors looking for outside-the-box investment strategies, but it can also be highly useful for corporations and private equity firms to gain a better sense of the market and make strategic decisions. </span></p> <p><span style="font-weight: 400">Here are some of the most common use cases:</span></p> <h3><span style="font-weight: 400">Due Diligence</span></h3> <p><span style="font-weight: 400">Buy-side analysts use alternative data to validate a potential investment and gain a 360 degree view of all potential benefits and risks associated with that investment. <a href="https://www.alpha-sense.com/solutions/expert-calls/" target="_blank" rel="noopener">Expert calls</a> are particularly useful here, as industry experts are often able to shed light on the inner workings of a company or industry and offer a perspective you won’t find anywhere else. </span></p> <p><em><strong>Related Reading: <a href="https://www.alpha-sense.com/blog/product/due-diligence-guide/" target="_blank" rel="noopener">The Ultimate Due Diligence Guide</a></strong></em></p> <h3><span style="font-weight: 400">Portfolio Management</span></h3> <p><span style="font-weight: 400">When keeping tabs on assets and investments, timeliness is the name of the game. Alternative data sources provide frequent and timely updates, allowing analysts to spot, assess, and take action on any changes quickly before they result in a huge loss.</span></p> <p><span style="font-weight: 400">The AlphaSense platform takes this a step further, allowing you to </span><a href="https://www.alpha-sense.com/blog/product/how-to-monitor-companies/"><span style="font-weight: 400">set up alerts and watchlists</span></a><span style="font-weight: 400"> for specific companies and topics, so that you are notified immediately when anything in your portfolio requires your attention.</span></p> <h3><span style="font-weight: 400">Competitive Landscaping</span></h3> <p><span style="font-weight: 400">Alternative data can fill in the gaps in competitive research, whether you are a corporation looking to build a winning strategy, or a sell-side investor trying to get the full picture of a market before your competition does. Because alternative data is current and updated more frequently than traditional financial data, it can empower more informed decision making and give you a competitive edge. </span></p> <p><span style="font-weight: 400">Alt data such as social media commentary, smartphone geolocation data, and product reviews can help with strategic idea generation and keeping tabs on competitors. Beyond those alt data sources, expert </span><span style="font-weight: 400">calls are conducted by buy-side analysts, so you can be sure they go deep on what matters. Competitive moats, tech stacks, industry headwinds and tailwinds—and most importantly, they ask the questions you didn’t think to ask.</span></p> <p><em><strong>Related Reading: <a href="https://www.alpha-sense.com/resources/competitive-intelligence-guide/" target="_blank" rel="noopener">Competitive Intelligence Guide</a></strong></em></p> <h3><span style="font-weight: 400">Deal Sourcing</span></h3> <p><span style="font-weight: 400">Buy-side analysts, private equity firms, and hedge funds use alternative data to help them find deals with the biggest potential ROI and smallest risk. Consumer data like foot traffic, social media activity, and purchasing preferences (gleaned by web scraping and social listening tools) can give insight into how consumers truly feel about a business, and how the business stacks up against its competitors. </span></p> <p><span style="font-weight: 400">AlphaSense helps you discover winning investment opportunities faster with our patented AI search technology, which allows you to bypass any irrelevant data and get to the most crucial insights, no matter the document or source you are perusing. Expert transcripts also equip you with every perspective you need to make the most informed decision on a potential investment.</span></p> <p><em><strong>Related Reading: </strong></em></p> <p><em><strong><a href="https://www.alpha-sense.com/blog/product/maximize-investment-research-roi-expert-insights/" target="_blank" rel="noopener">Maximize Investment Research ROI with Expert Insights</a></strong></em></p> <p><em><strong><a href="https://www.alpha-sense.com/blog/product/expert-insights-mergers-and-acquisitions/" target="_blank" rel="noopener">5 Ways Expert Insights Lead to Successful M&A</a></strong></em></p> <h3><span style="font-weight: 400">Forecasting & Risk Management</span></h3> <p><span style="font-weight: 400">Alternative data offers one of the best ways to keep ahead of stock price movement and assess the risks associated with a particular public company. Online social sentiment and transaction data provide quick and current insight into how a company is performing or how it may be affected by certain social trends or movements. </span></p> <p><span style="font-weight: 400">Expert Insights can be particularly useful in predicting outcomes for particular companies. These experts have been there and can contextualize raw data and explain whether or to what extent a particular market-moving event can affect your bottom line. </span></p> <div class="d-md-none d-sm-block share"> <strong>Share</strong> <!-- <div class="addthis_inline_share_toolbox"></div> --> <div class="share-buttons"> <a href="https://twitter.com/intent/tweet?text=Alternative Data&url=www.alpha-sense.com/solutions/alternative-data/" class="share-button"> <svg xmlns="http://www.w3.org/2000/svg" height="1em" viewBox="0 0 512 512"> <path d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z" /> </svg> </a> <a href="https://www.linkedin.com/shareArticle?mini=true&url=www.alpha-sense.com/solutions/alternative-data/&title=Alternative Data&summary=" class="share-button"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 448 512"> <path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z" /> </svg> </a> <a href="/cdn-cgi/l/email-protection#05"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"> <path d="M48 64C21.5 64 0 85.5 0 112c0 15.1 7.1 29.3 19.2 38.4L236.8 313.6c11.4 8.5 27 8.5 38.4 0L492.8 150.4c12.1-9.1 19.2-23.3 19.2-38.4c0-26.5-21.5-48-48-48H48zM0 176V384c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V176L294.4 339.2c-22.8 17.1-54 17.1-76.8 0L0 176z" /> </svg> </a> </div> </div> </div> </div> </div> </section> <!-- End Full Width Content Section --> <!-- End Flexible Content Section --> <!-- FAQ Section --> <section class=" container-fluid accordion-section as-bg-white"> <div class="container"> <div class="row justify-content-center"> <div class="col col-lg-12"> <H2><span id="faq">Alternative Data Frequently Asked Questions</span></H2> <div class="accordion-item"> <div class="d-flex justify-content-between align-items-center faq-header collapsed" data-toggle="collapse" href="#collapse-0" role="button" aria-expanded="false" aria-controls="collapse-0"> <span>What is the difference between alternative data and traditional data?</span> <img width="14" height="8" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2014%208'%3E%3C/svg%3E" alt="Select arrow icon" class="d-block ml-auto faq-arrow" data-lazy-src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg"><noscript><img width="14" height="8" src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg" alt="Select arrow icon" class="d-block ml-auto faq-arrow"></noscript> </div> <div class="collapse" id="collapse-0"> <p><span style="font-weight: 400">In the investment world, traditional data is normally distributed by the firm’s investor relations department and includes financial statements, earnings calls, investment management guidance, fundamental data sets, company presentations, and <a href="https://www.alpha-sense.com/solutions/broker-research-reports/" target="_blank" rel="noopener">broker research</a>. </span></p> <p><span style="font-weight: 400">Alternative data encompasses all financial data sources outside of these that contain information capable of moving market share prices–common examples include social media, expert call transcripts, product reviews, and satellite imagery.</span></p> </div> </div> <div class="accordion-item"> <div class="d-flex justify-content-between align-items-center faq-header collapsed" data-toggle="collapse" href="#collapse-1" role="button" aria-expanded="false" aria-controls="collapse-1"> <span>Who can benefit from using alternative data?</span> <img width="14" height="8" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2014%208'%3E%3C/svg%3E" alt="Select arrow icon" class="d-block ml-auto faq-arrow" data-lazy-src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg"><noscript><img width="14" height="8" src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg" alt="Select arrow icon" class="d-block ml-auto faq-arrow"></noscript> </div> <div class="collapse" id="collapse-1"> <p><span style="font-weight: 400">Historically, alternative data was catered toward wealthy traders, and its steep cost only made it accessible to hedge funds. In today’s age, <a href="https://www.alpha-sense.com/blog/product/maximize-investment-research-roi-expert-insights/" target="_blank" rel="noopener">alternative data is used by investment firms</a> around the world, as well as corporations and <a href="https://www.alpha-sense.com/blog/product/private-market-research-expert-insights/" target="_blank" rel="noopener">private equity firms</a>. </span></p> <p><span style="font-weight: 400">Algorithmic traders, aka quants, at investment firms rely on alternative data to build models for trading equities. Corporations base many of their strategic decisions on insights gleaned from alternative data, and private equity firms rely on alternative data to assess targets and close new deals.</span></p> <blockquote><p><i><span style="font-weight: 400">“Companies and consultants are beginning to turn to these newer alt data sets, like transaction data and web pricing data, to fill in their data mosaic and gain a fuller understanding of their markets.”</span></i><b> – Michael Maloof, Earnest Analytics, in discussion with Nick Mazing, Director of Research at AlphaSense in the Signals podcast episode, </b><a href="https://podcasts.apple.com/us/podcast/alternative-data-for-corporations-with-michael-maloof/id1662001610?i=1000603218612"><b>Alternative Data for Corporations</b></a></p></blockquote> </div> </div> <div class="accordion-item"> <div class="d-flex justify-content-between align-items-center faq-header collapsed" data-toggle="collapse" href="#collapse-2" role="button" aria-expanded="false" aria-controls="collapse-2"> <span>What are the drawbacks of using alternative data?</span> <img width="14" height="8" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2014%208'%3E%3C/svg%3E" alt="Select arrow icon" class="d-block ml-auto faq-arrow" data-lazy-src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg"><noscript><img width="14" height="8" src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg" alt="Select arrow icon" class="d-block ml-auto faq-arrow"></noscript> </div> <div class="collapse" id="collapse-2"> <p><span style="font-weight: 400">Alternative data is extremely effective in telling a story, but it’s important to remember that it’s only telling part of the story. Though technology serves as a lucrative means of gathering and aggregating information, it cannot fully replace the kind of nuanced due diligence that only humans are capable of. </span></p> <p><span style="font-weight: 400">Another drawback is that much of alternative data is acquired in questionable ways, particularly as it pertains to privacy. While there is currently limited regulation on these invasive forms of data collection, this may not always be the case.</span></p> <blockquote><p><i><span style="font-weight: 400">“As the data sets that financial institutions utilize expand beyond traditional consumer credit histories, data privacy will become a growing concern, as will data ownership and whether or not the consumer has any say over how these data are used and shared or whether they can review it for accuracy.” </span></i><b>– Lael Brainard, a member of the US Federal Reserve’s Board of Governors where she serves as Chair of the Committees on Financial Stability, Federal Reserve Bank Affairs, Consumer & Community Affairs, and Payments, Clearing & Settlements</b></p></blockquote> </div> </div> <div class="accordion-item"> <div class="d-flex justify-content-between align-items-center faq-header collapsed" data-toggle="collapse" href="#collapse-3" role="button" aria-expanded="false" aria-controls="collapse-3"> <span>Why should you combine alternative data with fundamental data?</span> <img width="14" height="8" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2014%208'%3E%3C/svg%3E" alt="Select arrow icon" class="d-block ml-auto faq-arrow" data-lazy-src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg"><noscript><img width="14" height="8" src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg" alt="Select arrow icon" class="d-block ml-auto faq-arrow"></noscript> </div> <div class="collapse" id="collapse-3"> <p><span style="font-weight: 400">Alternative data can effectively reinforce your research, but it’s not detailed or reliable enough to totally replace fundamental data. Bridging fundamental research with technology and alternative data is how you can minimize risk and maximize confidence in your ideas. </span></p> <p><span style="font-weight: 400">AlphaSense is unique in that it’s an all-in-one solution that provides access to both </span><a href="https://www.alpha-sense.com/platform/data-sources/"><span style="font-weight: 400">fundamental and alternative data sources</span></a><span style="font-weight: 400">, and it uses patented AI technology to help you glean crucial insights from all those sources faster. Our platform does the work for you by giving you access to a wide variety of traditional sources—such as company and SEC filings, ESG reports, and </span><a href="https://www.alpha-sense.com/solutions/broker-research-reports/"><span style="font-weight: 400">broker research</span></a><span style="font-weight: 400">—as well as alternative datasets, such as </span><a href="https://www.alpha-sense.com/solutions/expert-calls/"><span style="font-weight: 400">expert calls</span></a><span style="font-weight: 400">, patent data, and sentiment. </span></p> <p><span style="font-weight: 400">Armed with both fundamental and alternative data, you have everything you need for a full-scale research process that informs smart data-driven decisions and produces real results. </span></p> </div> </div> <div class="accordion-item"> <div class="d-flex justify-content-between align-items-center faq-header collapsed" data-toggle="collapse" href="#collapse-4" role="button" aria-expanded="false" aria-controls="collapse-4"> <span>How should you choose an alternative data provider?</span> <img width="14" height="8" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2014%208'%3E%3C/svg%3E" alt="Select arrow icon" class="d-block ml-auto faq-arrow" data-lazy-src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg"><noscript><img width="14" height="8" src="https://www.alpha-sense.com/wp-content/themes/alphasense_blog/assets/images/arrow-blue-accordion.svg" alt="Select arrow icon" class="d-block ml-auto faq-arrow"></noscript> </div> <div class="collapse" id="collapse-4"> <p><span style="font-weight: 400">Alternative data providers are not all made equal—depending on the purpose and scope of your investment research, you may want to invest in a data provider that does not merely hold the data, but also separates the signal from the noise by understanding the kinds of insights you are looking for.</span></p> <p><span style="font-weight: 400"> Additionally, some alternative data vendors are better for consumer-facing corporations, while others are better suited for financial services companies. </span></p> <p><span style="font-weight: 400">If you plan on utilizing alternative data heavily in your research and workflow process, you may want to select a provider that specializes specifically in alt data and thus offers access to a wide variety of it. If, however, you are looking for a more robust multi-faceted approach to research, which allows you to incorporate alternative data but also offers access to a vast content universe of fundamental research, you may benefit from an all-in-one market intelligence platform like AlphaSense.</span></p> <p><span style="font-weight: 400">AlphaSense allows you to seamlessly add alternative data to your research process with our <a href="https://www.alpha-sense.com/platform/expert-insights/expert-transcripts/" target="_blank" rel="noopener">expert transcript library</a> and our built-in <a href="https://help.alpha-sense.com/en/articles/3779287-sentiment-analysis">sentiment analysis feature</a>, so that you can conduct more thorough and efficient research.</span></p> </div> </div> </div> </div> </div> </section> <!-- End FAQ Section --> <!-- End Flexible Content Section --> <!-- Start CTA Block --> <section class=" no-m-m container-fluid cta-block content-block as-bg-darkblue text-light"> <div class="container"> <div class="row justify-content-center"> <div class="col-lg-12"> <div class="intro-text"><h2 style="text-align: center"><span style="font-weight: 400">Try AlphaSense for Free</span></h2> <p style="text-align: center"><span style="font-weight: 400">AlphaSense helps you separate the signal from the noise and do more with the data you have at hand. 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