And in today’s financial markets, just as in the gold rush, when you strike a seam, you have to move fast to mine its value before others start digging in the same place, and approach it as industrially as possible.
But how can you industrialize a process where each and every dataset represents a completely new terrain to dig in? And how can firms speed up the process of evaluating which seams will yield the richest results? Because as any “49er” would know, the hardest part isn’t digging out
Bloomberg’s Gerard Francis looks at the challenges that capital markets firms face when trying to incorporate alternative datasets.Subscribe to Weekly Wrap emails