Quandl Embarks on Quest for Alternative Data

The vendor is stepping up its search for non-traditional datasets that will give it an edge as firms demand different types of data.

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“Alternative” data constitutes any data that is not typically made available to Wall Street firms by traditional sources, says Quandl chief executive Tammer Kamel. For instance, the vendor is currently working with an unnamed software company that provides booking technology to airlines. “They have all this data about how many seats are sold for various destinations for airlines, so we are aggregating all that information so that firms can know what demand there is for air travel on a day-to-day

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