Bloomberg is now making alternative datasets available to customers through the company's Enterprise Access Point. Some of the alternative data providers include Thasos, Apptopia, TipRanks, PredictWallStreet, RS Metrics, Orbital Insight, OWL Analytics, Predata, Evaluate, 280First and Symphony Pharma.
Financial firms are increasingly using previously cumbersome, inconsistent, non-traditional data to inform their investment decisions and risk management strategies. While firms recognize the value of newer datasets for alpha generation, they face challenges like data connectivity, varying quality and ease-of-use. By offering clients a singular access point for finding and receiving reliable data, alternative and otherwise, Bloomberg eliminates costly and lengthy procurement processes, speeding up time to value and enabling easy integration to existing systems. "Our clients are looking to integrate alternative data into their investment process. As Bloomberg is a leading source of reference and pricing data, the integration of alternative data into the same Bloomberg Enterprise Access Point and Hypermedia API is compelling," said Gerard Francis, Global Head of Enterprise Data at Bloomberg.