Here is a quick industry overview of how industries are responding to ESG for April 26th, 2023

Alternative data is becoming increasingly important in finance, and it is important to understand why. In this article, we will explore what alternative data is, how alternative data differs from traditional data, why alt data it's important, who uses alternative data, and what it means for fintech.

Change is underway in the ESG sector, and it is being accelerated by the growing role ESG data is playing across the professional investment community. This evolution is creating compelling technology driven opportunities for savvy institutional investors, analysts and ESG advisors to leverage ESG data to improve their investment outcomes, manage risk and advise clients.

As the world becomes increasingly data-driven, businesses are looking for new ways to gain insights and stay ahead of the competition. Alternative data, which refers to non-traditional data sources such as social media, satellite imagery, and credit card transactions, can provide valuable insights that are not available through traditional data sources. However, analysing alternative data can be challenging because it often lacks the structure and standardisation of traditional data sources. In this blog post, we will discuss five criteria typically used to analyse alternative data for scarcity, granularity, history, structure, and coverage.