Waters USA: Plenty of Alpha Left in Alt Data, if Firms Use AI, ML to Harness Value

To harness the next generation of market data—specifically, the breadth of typically non-financial datasets collectively dubbed “alternative data”—firms must embrace the next generation of tools for evaluating and implementing this data, according to panelists at the recent Waters USA conference.

Panelists agreed that the emergence and use of unstructured, alternative data alongside traditional investment data is blurring the lines between quantitative and fundamental investors, and is “a