https://youtu.be/WTXgBhcQj2w (come learn with me)
points form the article:
- New Applications of Alternative Data in Private Equity
- Increased Interest in Alt Data - there has been a 5x increase in private equity attendees from both senior executives and data science roles.
- Efficiency Focus “ Since the data is needed yesterday for PE firms, the focus is on accessing the data, reviewing it quickly and implementing it into the process.
- Data as an asset “ PE firm Blackstone brought a spotlight to the idea that Your data may be worth more than your company and how they were looking to monetize the data of their portfolio companies. Corporates and PE firms are now more aware of this and wanting to tap into this revenue stream.
- Vendor innovation - Data vendors have been used to working with asset managers, but are now are tailoring their data to suit PE and corporates as well as creating technology and dashboards to improve the overall buyers experience.
- ESG Explosion - PE firms are becoming more aware that positive ESG activities can lead to the successful long-term success of companies.
- Regulatory Scrutiny - Â Legal and compliance teams are busier than ever with the ever-evolving regulations surround data. Pertinent regulatory buzzwords include, personally identifiable information (PII), data governance, user consent, data over-collection and data privacy.
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