Alternative Data in Finance

Alternative Data in Finance

Carlos Salas

Portfolio Manager and Data Scientist

Alternative data is the new gold in finance. Every time that we like, dislike, or post something online, we are creating this new breed of data. In fact, some companies are now using this to predict quarterly earnings and performance. Join Carlos Salas in this video as he explores the benefits and challenges of alternative data.

Alternative data is the new gold in finance. Every time that we like, dislike, or post something online, we are creating this new breed of data. In fact, some companies are now using this to predict quarterly earnings and performance. Join Carlos Salas in this video as he explores the benefits and challenges of alternative data.

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Alternative Data in Finance

9 mins 6 secs

Overview

Structured data refers to any data that resides in a fixed field within a record or file, whereas unstructured data refers to any data that does not reside in a traditional row-column database or file. Unstructured data accounts for more than 90% of the world's total generated data. Alternative data has been used to measure supermarket chain performance, measure the organic growth of a fast-food chain brand and measure the number of app downloads to rate the penetration of a new video game release. However, challenges include budget constraints, technological risks and legal and/or compliance breaches.

Key learning objectives:

  • Define alternative data

  • Understand alternative data use in finance

  • Identify the key challenges of alternative data

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Summary
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Expert
Carlos Salas

Carlos Salas

Carlos Salas is a professional investor passionate about the lifelong development of an investment process that blends man and machine. Over the last 15 years, he has worked in investment roles for firms such as Santander AM, BNP Paribas, Jefferies, and LCAM. He is currently pursuing three careers simultaneously - as an investment manager, consultant and lecturer.

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