What We Do
Eagle Alpha provides solutions to both data vendors and data buyers. Established in 2012, Eagle Alpha is the pioneer connecting the universe of alternative data. We are the leading alternative data aggregation platform with supporting advisory services for vendors and buyers.
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Satellite data, also referred to as geospatial data, is photographic images collected by satellites orbiting the earth and can be enhanced with data from drones and radar. Asset managers first tried using satellite data back in 2010 with CNBC reporting that “Cold War-style satellite surveillance is being used to gather market-moving information”. According to the article, UBS Investment Research used data from RS Metrics to count cars in Walmart parking lots to help estimate revenues, a strategy also implemented by Walmart’s founder Sam Walton using airplanes in the 1970s.
Our Much Anticipated Annual Alternative Data Report: A Year in Review for 2022 is Here! Eagle Alpha’s most in-demand and in-depth industry report features a look at the year in alternative data growth, trends, marketplace, and both buyer and vendor needs. We then take a 360 look at these with our dynamic advancements in tech and products including our platform, improved taxonomy, data connectivity and compliance features which address and rise up to these industry levels.
Much has been said in the data world about ideal states: “Data at your fingertips”, “Plug-and-play insights”, “Empower your whole organization with data”, and “Democratizing insights from data”. This list is long, and to be honest, does sound great. There is value in setting such big-picture goals in an organization, but often the route to go from here to there is a lot harder than initially considered. Data Warehouses such as Snowflake are often proposed as the solution that ushers in this step-change in organizational performance. If only your data was one well-defined, easy-to-understand, definitely maintained query away, everyone would be able to incorporate it into their day-to-day decisions. At Eagle Alpha, we think Data Warehouses can be useful but often find ourselves in a chicken-and-egg situation with them. As mentioned, Data Warehouses do their best when the data is organized, but who is supposed to do that organizing and how? How do you know what to set up so that data users in your organization can hit the ground running when all you have are 300,000 poorly named CSV files of unknown content scattered across 1500 sub-directories of sub-directories? The ideal starts to drift pretty far away when that is the reality – a reality that many organizations face even with the internal data that they nominally can control the production of. Add in the requirement to incorporate external third-party sources of data, and soon addressing the ambiguity and confusion that stems from this data circus becomes the all-consuming job of many data engineering teams.
As asset managers invest resources into building out alternative data initiatives, data sourcing is seen as an integral part of the process, with in-house and outsourced professionals finding and introducing datasets and data vendors. With datasets rapidly growing in price and impacting the growth in spending of firms buying alternative data, the data sourcing function is now more critical than ever before. These results are based on our first-of-its-kind survey of 24 buyside funds with varying levels of alternative data experience.
Eagle Alpha’s second annual alternative data industry report explores industry-wide alternative data growth and trends, M&A in the alternative data vertical, the most engaged research and publications from the year gone by, and outlines the resolve to solve buyer and vendor needs through product development including platforms, improved taxonomy, data connectivity, and compliance features.
New industries are typically fragmented with numerous small players competing for market share. Industries then consolidate as they become more mature. According to A.T. Kearney’s study, all industries go through a consolidation life cycle which consists of five stages – opening, plateau, concentration, dominance, and reopening. Every company in every industry goes through these stages or disappears. Increased competition, changing regulations, new technologies, and increasing customer sophistication is putting pressure on today’s technology leaders and alternative data vendors. Companies would mostly pursue mergers and acquisitions to gain scale advantages and accelerate growth. A size advantage often lowers costs leading to competitive advantage and to competitive price setting.
Once a quarter, Eagle Alpha’s director of data strategy and analytics, Ronan Crosson, is joined by Peter Greene and Ben Kozinn from New York law firm, Lowenstein Sandler. These conversations are part of Eagle Alpha’s client-only monthly legal workshops. In this episode, Peter and Ben discuss this quarter’s most pertinent topic in the alternative data industry surrounding mobile app data provider, App Annie, and the SEC’s decision to charge them with securities fraud. The group addresses the confusion surrounding the use of insider trading law in this securities fraud case, its impact on the decision on the wider market, and provides expert advice for app data buyers following the SEC’s decision. Please enjoy this dialogue between Peter Greene, Ben Kozinn, and your host, Ronan Crosson.
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