{"id":1589,"date":"2019-03-22T16:53:20","date_gmt":"2019-03-22T15:53:20","guid":{"rendered":"https:\/\/www.theofficialboard.com\/best-articles\/?p=1589"},"modified":"2019-07-10T20:47:20","modified_gmt":"2019-07-10T19:47:20","slug":"alternative-data-by-the-numbers","status":"publish","type":"post","link":"https:\/\/www.theofficialboard.com\/best-articles\/2019\/2019-03\/alternative-data-by-the-numbers\/","title":{"rendered":"Alternative Data by the Numbers"},"content":{"rendered":"\n<p style=\"text-align:center\"><em>Viewed in <\/em><a href=\"https:\/\/alternativedata.org\/stats\/\"><em>AlternativeData.org.<\/em><\/a><\/p>\n\n\n\n<p> The data explosion is undeniably obvious across industries. <\/p>\n\n\n\n<p>But it is especially prevalent on Wall Street, where the <strong>number of buy-side mutual funds\u2019 employees<\/strong> engaged in alternative data including geolocation, satellite, web and payment data, has <strong>grown by almost six times<\/strong> over the past five years.<\/p>\n\n\n\n<p>Alternative Data provides a helpful overview of the sort of employees with their salaries being drawn to Wall Street\u2019s burgeoning data revolution:&nbsp; Data Analyst, Data Scientist, Data Scout, Data Engineer and Head of Data.<\/p>\n\n\n\n<p> On average, most data professionals being lured to Wall Street do not have graduate degrees and have 11+ years of experience. <\/p>\n\n\n\n<p>The overall cost of <strong>assembling a data team<\/strong>, Alternative Data reports, starts at<strong> $1.5 million to $2.5 million.<\/strong>  <\/p>\n\n\n\n<p> Perhaps the most meaningful statistic on Wall Street\u2019s embrace of data: The total Wall Street <strong>buy-side spend on data<\/strong> has grown astronomically the past few years, from $232 million in 2016 to an estimated <strong>$1.7 billion next year<\/strong>.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Viewed in AlternativeData.org. The data explosion is undeniably obvious across industries. But it is especially prevalent on Wall Street, where the number of buy-side mutual funds\u2019 employees engaged in alternative data including geolocation, satellite, web and payment data, has grown by almost six times over the past five years. Alternative Data provides a helpful overview&#8230; <a class=\"continue-reading-link\" href=\"https:\/\/www.theofficialboard.com\/best-articles\/2019\/2019-03\/alternative-data-by-the-numbers\/\">More<\/a><\/p>\n<a href=\"https:\/\/www.theofficialboard.com\/best-articles\/2019\/2019-03\/alternative-data-by-the-numbers\/\">Read more...<\/a>","protected":false},"author":1,"featured_media":1559,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[167,130,131],"class_list":["post-1589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2019-03","tag-alternativedata-org","tag-analytics","tag-data"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alternative Data by the Numbers - The Official Board\u2019s Reads<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theofficialboard.com\/best-articles\/2019\/2019-03\/alternative-data-by-the-numbers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alternative Data by the Numbers - The Official Board\u2019s Reads\" \/>\n<meta property=\"og:description\" content=\"Viewed in AlternativeData.org. The data explosion is undeniably obvious across industries. But it is especially prevalent on Wall Street, where the number of buy-side mutual funds\u2019 employees engaged in alternative data including geolocation, satellite, web and payment data, has grown by almost six times over the past five years. Alternative Data provides a helpful overview... 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