Since 2011, the Federal Reserve Board has published its survey on the usage of mobile phones and interactions of consumers with financial institutions.
Eagle Alpha has partnered with one of the world's largest transportation and logistics companies that launched a product that enables asset managers to obtain alpha from trade data.
The Bank of England is one of the first major institutions actively using alternative data sources in its work. In 2011, the Bank published a paper titled “Using internet search data as economic indicators” where the benefits of using online search data were identified. These are:
Eagle Alpha analysts have spent over two years finding the best way to use online search data to predict economic indicators. We have devised our own proprietary methodologies that leverage all relevant academic research, as well as accepted best practice in the field.
By a 3-to 2 vote, the Federal Communications Commission (FCC) ruled that broadband providers like Comcast and AT&T will have to obtain permission in order to collect and distribute private data.
Card spend on new houses increased across all Tier cities in September 2016, according to Eagle Alpha’s Chinese credit card data partner.
It depends on how many firms a given dataset has information on. Credit card transaction data has been known to provide a strong signal on revenues as many firms and many users are covered.
Eagle Alpha’s most recent events had 6 alternative data companies pitch to buyside firms in NYC (29 Sept 2016) and London (27 Sept 2016). Each provider gave an overview of their offerings, presented three case studies, and responded to Q&A. Summaries of presentations are presented below:
Most buyside firms typically start by nominating or recruiting an individual to champion their initial alternative data efforts. When a demonstrable return on investment is seen, firms then seek to expand the team.
OpenFDA was launched in June 2014 with the goal to make it easier for researchers and analysts to access and use data from FDA. The data is available for direct downloads and can be queried via APIs (Application Programming Interfaces).
I've seen what appears to be an inflection in the last few weeks and months, so I'm not sure the question is apt. I think the biggest reason asset managers haven't taken advantage of alternative data has simply been the underperformance of the industry overall in the past 12-18 months.
