Global buy-side spend on alternative data 2016-2020
It is estimated that 1.71 billion U.S. dollars will be spent on alternative data globally by buy-side firms in 2020. Alternative data is data used by investors to evaluate a company or investment outside of their traditional data sources, which include press releases, SEC filings, and financial statements. Some forms of alternative data include app usage, financial transactions, and geolocation data.
