By Dennis Clemente
Guests panelists talked about alternative data with Foursquare, Captricity presenting their companies
NEW YORK–Last March 1, the Data Driven meetup hosted by Matt Turck sat down with his guests to talk about about alternative data (no relation to alternative facts).
The alternative discussion consisted of Jeff Glueck, CEO of Foursquare; David Loaiza, managing director & chief data scientist of Point72; Andrej Rusakov, founder of Data Capital Management as well Matei Zatreanu, founder of System2.
Zatreanu explained alternative data as a non-traditional form of data, later adding how it’s more intuitive. Still, many seem to be downplaying its advantages.
What are the uses of alternative data? Before handing you a credit card, banks could determine other alternative means of data if usual information is not available. This could certainly make institutions less rigid, as it helps measure different types of businesses on a case-by-case basis.