Alt Data’s Mid-Life Crisis

Alternative data is maturing. But with its growth spurt comes growing pains—just ask Thasos Group. And though the market is still in its adolescence, it’s starting to face some grownup challenges.

geolocation

The stampede of alternative data has hit a hurdle. Geolocation data provider Thasos Group wasn’t the first to stumble, but the news that in August the vendor cut almost half its staff and replaced its CEO has provided a reality check for those who view the alt data bubble with blinkered optimism.

Yes, overall, alt data is more widely accepted and adopted. Many on the buy side now view it as pretty much mainstream, to be used alongside price data, fundamentals, and other factors such as

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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