image credit: Adobe Stock

5 hidden costs of working with alt data

May 19, 2022

Via: CIO

Alternative data sources are now embedded in the business processes of enterprises across a range of sectors. According to a 2022 survey by law firm Lowenstein Sandler, 92% of investment organizations, from hedge funds and private equity to venture capital, are using alt data to a moderate or significant extent to inform decision making. Respondents also expect their use of alt data to increase through 2022. Typically, this data comes from the exhaust of other business processes such as social media activity, satellite imagery, location tracking data, credit card transactions, and web scraping.

Read More on CIO