Alternative Data Going Mainstream
Greenwich Associates calls Nasdaq's acquisition of Quandl "an Inflection Point for the Industry."
"Eagle Alpha and Neudata are two other alternative data aggregators, and could now become targets. Our research shows that web-scraped data, consumer spending data, and sentiment are some of the most popular types of alternative data. Firms focused on this space include Thinknum, 1010data, and Dataminr.
The race to take alternative data mainstream has now begun in earnest and Nasdaq has an early lead. However this plays out, one thing is for sure… alternative data won’t be alternative for much longer."