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Alternative, Data

Bright Data (formerly Luminati Networks), a leading online data collection platform, has today released new research findings that highlight the importance of alternative data in financial services.

07.04.2021 - 10:54:37

Alternative Data Key For Decision Making In Financial Services, Bright Data Research Reveals. The insights, gathered in cooperation with the leading market research experts Vanson Bourne, demonstrate the impact alternative data is having in the US and UK versus legacy/traditional data. The survey concluded that nearly a quarter (24%) of financial services professionals who work for organisations that collect alternative data use it to aid their work every day. The research queried respondents from financial services sectors, including insurance, banking, and hedge funds and found a clear dependence on external data sources, with 95% of financial services organisations relying on outside information to contribute towards business success in the past year.


@ businesswire.com