‘NOWCASTING’ ECONOMICS USING ALTERNATIVE DATA
Nowcast provides full-fledged services for the utilization and monetization of your data.
We have a track record of successfully helping data vendors monetize their multiple data sources. We support data vendors with not only the sales of their data, but also provide data maintenance, data analysis, product development, and customer support services.
As opposed to conventional data such as financial information and economic statistics that have been traditionally used in the finance industry, data that has commonly not been utilized is called alternative data.
Alternative data is mainly used in the finance industry. In contrast to traditional data such as financial information and economic statistics, alternative data utilizes POS data, credit card data, location information, satellite images, etc.
In this article, we look at examples of how various alternative data have been used by investors and economists. We will cover how the following types of alternative data have been used domestically and overseas, referring to overseas alternative data vendor reports and articles in domestic media.
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