In this paper, the authors use unique and proprietary data from a large Fintech lender to analyze whether alternative data captured from an individual’s mobile phone can substitute for traditional credit bureau scores. Their analysis suggests marginal benefit of using alternative data.
On July 9th, 2020, a House Committee on Consumer Protection and Commerce called for federal privacy legislation to be enacted. Representative McMorris Rogers supported a Committee Staff Discussion Draft from December 2019 and called for bi-partisan support on the issue.
Data provenance is one of the main topics that comes up in all our monthly legal workshops, so we decided to dedicate an entire session to the topic.
Satellite data use may not be as prevalent as the press might imply but has been adopted by some of the larger and more sophisticated financial institutions. The legal and compliance issues tend to be less onerous than some other forms of alternative data.
Alternative data and analysis from Hatched Analytics highlighted below consensus subscriber growth for Disney+ in the June quarter of 2020.
Edison offered a positive revenue prediction for McDonald’s on Eagle Alpha’s Alpha Capture platform on June 25th, 2020 based on traction for food delivery, particularly for the breakfast time period.
Saeed Amen of CueMacro gave a high-level overview of computer vision and image analysis. He also presented a case study on using satellite image data for car counts at a European retailer.
On July 16th, 2020, the European Commission launched an antitrust inquiry into the Internet of Things (IoT). The focus of the inquiry is on consumer products and services that “are connected to a network and can be controlled at a distance, for example via a voice assistant or mobile device”.
Multiple surveys and our own experience at Eagle Alpha highlights web crawled data as one of the most popular categories of alternative data. There are several reasons for this, including breadth of applications, ease of access and low price points.
These use cases show how Social Media data can be used for: Competitive analysis Brand conversation & engagement Consumer insights/trends Broad industry/sector trends As part of an ESG model
Organizations that rely on alternative data should ensure that their diligence process includes questions regarding the EU data transfer mechanisms used by the data brokers, and their sources, and obtain contractual assurances that the transfer was legal under all applicable laws.
In this article, Eagle Alpha’s Director of Data Strategy and Analytics Ronan Crosson shares his insights on geo-location data based on content on Eagle Alpha’s Data Strategy solution.
