{"id":32897,"date":"2023-09-07T08:30:11","date_gmt":"2023-09-07T12:30:11","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-makes-alternative-data-accessible-alongside-traditional-financial-data\/"},"modified":"2023-09-07T08:30:49","modified_gmt":"2023-09-07T12:30:49","slug":"bloomberg-makes-alternative-data-accessible-alongside-traditional-financial-data","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-makes-alternative-data-accessible-alongside-traditional-financial-data\/","title":{"rendered":"Bloomberg Makes Alternative Data Accessible Alongside Traditional Financial Data"},"content":{"rendered":"
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New Bloomberg Terminal function lowers barrier to entry for investors to use alternative data<\/i><\/strong><\/h3>\n

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Bloomberg today announced the introduction of a new alternative data function, ALTD <GO>, on the Bloomberg Terminal. For the first time, customers can get an early read on company performance, side-by-side with the traditional fundamental data for which Bloomberg has long been known. ALTD <GO> supports equity analysts and portfolio managers with intra-quarter insights and can be easily incorporated into research workflows \u2013 alongside consensus estimates, company news, research, and guidance \u2013 well ahead of earnings announcements.<\/span><\/p>\n

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ALTD : Intra-quarter insights ahead of earnings announcements<\/p><\/div>\n

Currently, alternative data adoption by investors is limited by the high cost of quality datasets and the requirement of building dedicated teams of data scientists in order to utilize data effectively in research workflows. Through the Bloomberg Second Measure acquisition completed in 2020, Bloomberg began offering the highly sought-after consumer transaction data feed and analytics products. Now, through ALTD <GO>, all Bloomberg Terminal users can easily incorporate consumer transaction data analytics, location analytics from launch partner Placer.ai, and other types of alternative data into their research workflows to better inform their investment strategies.<\/span><\/p>\n

\u201cWith ALTD <GO>, we are democratizing access to alternative data by seamlessly integrating it into the Bloomberg Terminal alongside traditional market data, broker research, estimates and news,\u201d said Shawn Edwards<\/strong>, Bloomberg\u2019s Chief Technology Officer. \u201cBy launching this product, we are empowering our clients with the ability to gain faster and deeper insights into the performance of companies and economies. The future of investment research will be driven by data and Bloomberg will continue to invest in innovative products and technologies that enable our clients to make better data-driven investment decisions.\u201d<\/span><\/p>\n

Bloomberg Second Measure serves as the flagship data analytics source for ALTD <GO>. Within the function, it uses aggregated analytics from billions of credit card and debit card purchases to provide near real-time consumer transaction insights on over 300 public tickers, with this list expected to grow rapidly in the coming months. ALTD <GO> also includes data from location analytics leader, Placer.ai, which analyzes foot traffic data. Placer.ai utilizes a privacy by design approach to incorporate data from a panel of tens of millions of mobile devices, applying machine learning and AI algorithms to make estimations on visits to retail locations across the US.\u00a0 Bloomberg plans to strategically add additional alternative data sources based on customer demand.\u00a0<\/span><\/p>\n

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ALTD: Conduct peer analysis to understand the competitive landscape<\/p><\/div>\n

\u201cBloomberg is breaking down a critical barrier to enable wider utilization of alternative data, and we are thrilled to be the launch partner for this vision. Location analytics presents a critical lens to viewing true company performance, and bringing this perspective into a unified view is a leap forward in empowering investors to deepen their understanding of market opportunities,\u201d said Koby Ben-Zvi<\/strong>, President of, Placer.ai. \u201cThrough ALTD <GO>, Bloomberg Terminal users can deploy our foot traffic analytics to generate insights into venues and consumer trends and optimize decision-making.\u201d<\/span><\/p>\n

Richard Lai<\/strong>, Global Head of Alternative Data in Bloomberg\u2019s Office of the CTO added, \u201cAlternative data enables customers to gain faster, deeper insights into company performance. The launch of ALTD <GO> is just the beginning. We will continue expanding the universe of high-quality alternative datasets available via Bloomberg’s products, and enhancing the unified data model that ties these datasets together. This will enable us to create more powerful analytics to support our customers in finding differentiated investment opportunities through deeper levels of research than previously possible. As always, we will work closely with our customers to understand and address their data needs.\u201d<\/span><\/p>\n

ALTD <GO><\/a>\u00a0is now available to all Bloomberg Terminal users as part of their subscription. For more information on ALTD <GO>, you can request a demo <\/span>here<\/span><\/a>.<\/span><\/p>\n

About Bloomberg<\/b>
\nBloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visi<\/span>t<\/span> Bloomberg.com\/company<\/span><\/a> or<\/span> request a demo<\/span><\/a>.<\/span>
\n<\/span>
\n<\/span>About Bloomberg Second Measure<\/b>
\n<\/span>Bloomberg Second Measure is a leading provider of transaction data analytics that reliably deliver valuable insights into company performance and consumer trends. Some of the world\u2019s largest investment firms and consumer brands use Bloomberg Second Measure\u2019s proprietary analytics for daily tracking of thousands of public and private companies. Bloomberg\u2014the global business and financial information and news leader\u2014acquired the company in late 2020. For more information or to request a demo, visit www.secondmeasure.com.<\/span><\/p>\n

About Placer.ai<\/b>
\nPlacer.ai<\/a> is the most advanced foot traffic analytics platform allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. Placer.ai is the first platform that fully empowers professionals in retail, commercial real estate, hospitality, economic development, and more to truly understand and maximize their offline activities.<\/span><\/p>\n

Media Contact<\/b>
\nSusan Doyle, <\/span>sdoyle37@bloomberg.net<\/span><\/a>, +1-202-807-2213<\/span><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

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