WE ARE ALT DATA SCIENTISTS
Welcome to DataScrum - All About Alternative Data
We are a global community of data scientists who
use alternative data to solve problems across industries
Who we are
DataScrum is a community of alternative data enthusiasts, including but not limited to data scientists, data vendors, data consultancies and recruiters, and data-driven companies.
We maintain a database of alternative data providers across different types such as social and sentiment, web traffic, app usage, credit/debit card transaction data , web email and consumer receipts, geo-location, satellite, weather, and sensor / IoT data.
This includes data from public resources. Examples include SEC filings, patent data, government contracts, import/export data, etc. Popular use cases: patent data for tech company; supply chain imports for manufacturing; government contracts for construction company.
Data obtained from text processing of social media, news, management communications, and other sources. Sentiment data is relevant for some companies (think younger, more trading volume, more volatile) more than large, established corporations. The data is often more relevant to shorter-term traders as it does not always reflect fundamental business aspects. On the lower end of cost spectrum. Popular use cases: Event-driven sentiment tracking; Brand Virality/Advertising success.
Data on quantity, demographics, and history (clickstream) of users visiting a certain website and in some cases conversion rates. This is popular for tracking e-commerce efforts. Popular use cases: travel bookings; e-commerce.
This includes data collected from satellites or (increasingly common) low-level drones. This data is expensive and of variable quality. Image processing is as important as data collection (raw data is not valuable to most investment teams). Satellite data on parking lots is only useful if a more direct measurement of store activity (geo-location data) or spend (credit card, email receipt) data is not available or beyond price range. Popular use cases: supply chain disruption tracking; agriculture yields tracking; construction tracking; oil & gas production/storage.
We are an open community and encourage all members to get involved and to help us grow the alternative data movement in Europe and beyond. Make sure to join our Meetup group to keep informed on our upcoming events.
Below are just a few ways you can help out.
If you have an interesting topic or use case of alternative data that you would like to share with others, please get in touch with us.
If you have a friend or a colleague whom you think would be suitable to be speak at one of our events, please send us more details and we will get in touch.
If you would like to run an event or meet up in a different location, please contact us and we will get in touch.