Free White Paper: Alternative Data Unlocks Key Decisions in the UK And US Finance Industries

Alternative data has firmly entrenched itself in the finance industries across the globe. For businesses that are continually looking to improve their decision making, the availability of non-traditional sources has been a boon as it provides previously untapped insights.

A significant part of alternative data is collected through web scraping. Up to this point, however, it hasn’t been clear how widespread the use of both non-traditional data sources and web scraping has been in the finance industry.

While globally the spend on alternative data has likely breached $2B, how much of that is considered valuable by the industry has also been unclear. Oxylabs, in cooperation with Censuswide, decided to investigate how alternative data and web scraping is being utilized, evaluated, and understood in the finance sector.

Oxylabs conducted a survey with 500 UK-based and 501 US-based senior data decision-makers from across the respective region’s thriving financial services sector. We inquired about data management practices, collection methods, current trends, and many other practices. Finally, our survey draws comparisons and conclusions based on the differences between the regions.