August notebook: UK pubs + celebrity snubs
Hear from Neudata's head of research on the top trends in August.
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Alternative data for airlines revisited
With pandemic restrictions lifted around the world, the state (and potential revival) of the airline industry has piqued investor interest. And things haven't been quiet on the alternative airline data side either. In this report, we navigate vendor mergers, discontinuations, market leaders and upcoming competitors offering timely, granular and varied insights on a sector familiar with turbulence. -
US consumer transaction mega panels: clash of the titans
Consumer transaction data remains one of the most popular dataset types, and investment management appetite for keeping abreast of developments, disruptions and discontinuations in this space remains strong. Recently, we’ve seen three main players all increase their panel size to near 100m US credit and debit cards. In this report, we evaluate the facts, rumours and feedback to give Neudata’s view on these mega panels. -
An alternative data approach for venture capital
Unlike their public markets counterparts, venture capital investors can be hindered by a lack of data to help inform investment processes. Several venture-oriented platforms have materialised to fill this void, providing numerous metrics with varying relevancy. We summarise a study that uses machine learning to identify the most relevant factors for early-stage venture capital investors. -
AI and alternative data (part I): Web-scraping legal and compliance considerations
In 2023, OpenAI’s ChatGPT became the second fastest-growing consumer application in history, reaching 100m monthly users in only two months. In the alternative data space, it seems like everyone is working towards building their own AI models or leveraging the technology for their own uses. Like most nascent technologies, it will take some time for solid legal and compliance norms to emerge around pertinent data collection, privacy and intellectual property issues. However, we are already seeing early signs of movement in the space, with cases being filed and regulatory attitudes starting to develop. -
Japan’s evolving transactional data landscape
With the Nikkei 225 recently reaching an all-time high, investor attention has returned to Japan. This may well bolster the country’s alternative data industry, which is showing similarly positive signs of growth. Following a recent Neudata visit to Tokyo, we analyse the evolution of Japanese alternative data with a particular focus on how digital payments are impacting transactional data collection. -
The clickstream data landscape in 2023
Nearly two years since we last analysed the clickstream data ecosystem, we return to discuss this alternative data landscape. We consider the effects of past disruptions, the current market leader and emergent competitors, and the evolving utility of clickstream and web traffic data. -
Should I be concerned about screen-scraping?
There are some clear compliance risks related to collecting data accessed through screen-scraping. -
Predicting stock returns using large language models
Text is an underexploited data source for understanding asset markets. So far, academic research has studied only a tiny fraction of market-relevant text data and often focuses on a single specialised data source. As a result, text information is often represented in rudimentary ways. This report summarises a study that aims to improve stock-return prediction models by extracting contextualised representations of news text derived from large language models (LLMs). -
Twitter and Reddit changes raise social media data risk
Recent changes in the social media space have impacted some alternative data vendors – with possible implications for clients. In this intelligence piece, we analyse the results of our recent survey carried out among providers of social media data. We specifically assess the fallout of API changes at Twitter and Reddit, and how this potentially hinders the free flow of social media data.