Justin Zhen. Thinknum & The Business of Alternative Data.

The digital revolution has pushed corporate operations online. As commerce and consumer behavior takes place on the public web it leaves digital data trails. This vast collection of business detritus is considered alternative data. The...

The post Justin Zhen. Thinknum & The Business of Alternative Data. appeared first on Up Next.

The digital revolution has pushed corporate operations online. As commerce and consumer behavior takes place on the public web it leaves digital data trails. This vast collection of business detritus is considered alternative data. The collecting, organizing and indexing this of this alternative data is a big business. The global size of the alternative data market is currently projected to grow to $69.3B by 2028. The growth of the industry is primarily driven by asset managers looking for data to power their insights, improve their evaluations and generate excess return. While a smaller segment of the market, other industries are also finding value in using alternative to improve their decision-making and performance.

Today we’re speaking with Justin Zhen, the co-founder at Thinknum, an alternative data company that crawls the public web to gather data.

Topics discussed include:

What financial engineering and alternative data are.
Why alternative data is important for investors looking at both public and private companies.
Why privacy is an issue for the alternative data industry at large but isn’t an issue for Thinknum.
The use cases of alternative data beyond investing and how it allows clients of all stripes to connect the dots.

Justin Zhen is a Co-Founder of Thinknum, a leading alternative data company specializing in web-crawled data. At Thinknum, Justin works with hundreds of investment firms, banks and corporations to develop innovative data sources that provide new insights into economic activity moving online. Prior to founding Thinknum, Justin worked at a quantitative hedge fund. He graduated from Princeton University with a degree in Financial Engineering. Justin is one of Business Insider’s 2019 Rising Stars on Wall Street. Justin is also a frequent contributor on CNBC.

Thinknum enables institutional investors to generate Alpha-producing investment ideas and differentiated insights rooted in alternative data. As companies move their business operations online, new data trails are being created that can be leveraged to make more informed investment decisions. Thinknum indexes all of these real-time data trails using proprietary machine-learning techniques in a user-friendly platform that was specifically created for institutional investors. The trend revealing data compiled by Thinknum allows analysts to ask complex open-ended questions from both micro and macro perspectives.

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Thinknum

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The post Justin Zhen. Thinknum & The Business of Alternative Data. appeared first on Up Next.