Waters USA: Plenty of Alpha Left in Alt Data, if Firms Use AI, ML to Harness Value
At the recent Waters USA conference, panelists discussed the current wave of alternative datasets, and how getting the most out of them requires new tools and technologies.

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
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