Bloomberg Enters Alternative Data Market

Bloomberg has introduced its first portfolio of available alternative data sets on the vendor’s Bloomberg Enterprise Access Point. The 20 new data sets are added to the data sets that Bloomberg initially included when it launched Bloomberg Enterprise Access Point in September 2018, Gerard Francis, global head of enterprise data at Bloomberg said. The most recent data vendors to join the Bloomberg ecosystem include 280First, Apptopia, Evaluate, Orbital Insight, OWL Analytics, Predata, PredictWallStreet, RS Metrics, Symphony Pharma, Thasos, and TipRanks. The vendor plans to roll out a few additional data sets every month. The alternative data space has a wide spectrum of offerings and providers that may quickly move to the mainstream or remain in the alternative data space. Bloomberg performs an initial normalization of any new data set to ensure that it can be delivered via its Hypermedia API but leaves it to the data providers to clean and normalize their offerings.