Best Alternative Data Providers & Companies
Alternative data can mean essentially anything. Whether we talk about data collected from satellite imagery, scraped website data, or information collected upon point of sales, they all have one thing in common; hedge funds, asset managers and financial institutions love them.
Why?
Alternative data is mainly used during financial analysts to predict a stock’s performance more accurately. Quality predictions can give an investor a competitive edge over others, thus being able to beat the average market returns. This difference is called the alpha.
With strong evidence of data’s power in financial analysis, there is a rising number of market research companies using cutting-edge technologies that provide a variety of alternative data for different markets.
How do you as an investor make sure that you’re talking to a provider who can take your decisions to the next level?
While there are many criteria to data quality which are often determined by your specific use case, there are a few companies which stand above the others.
We compiled a list of the top alternative data companies on our platform. The list is here to help you get started in your search for alpha.
Our recommendation
When choosing alternative data providers, consider factors like the provider’s data collection methods, sources, and data cleaning processes. Look for providers with a strong track record and expertise in the specific industry or domain.
Top 20 Alternative Data Providers
InfoTrie
Sentifi
Measurable AI
Coresignal
LobbyingData.com
Baromitr
Pynk
Pi Financial Services Intelligence
StockPulse
Alqami
Knowsis
RavenPack
Exante Data
ADQVest capital
Earth-i
VisibleAlpha
Specter
Precision Alpha
2iQ Research
ACRe Data
Frequently Asked Questions
Who are the best Alternative data providers?
Finding the right Alternative data provider for you really depends on your unique use case and data requirements, including budget and geographical coverage. Popular Alternative data providers that you might want to buy Alternative data from are InfoTrie, Sentifi, Measurable AI, Coresignal, and LobbyingData.com.
How many Alternative data providers are there?
There’s a huge number of Alternative data providers out there! If you’re not sure where to get started, we have a list of 266 Alternative data providers on our platform.
How do I choose the right Alternative data provider?
To find the best Alternative data provider for your use case, you should create a shortlist of providers and compare the quality, volume, and historical and geographical coverage of their Alternative data. Datarade can help you get a good comparison of Alternative data providers.