Alternative Data News. 11, March 2020

The AltDataNewsletter by CloudQuant

Finding sources and uses for alternative data can be difficult. At CloudQuant we regularly read and search the internet for new sources of data that can be used in our mission to find alpha signals and build quantitative trading strategies. We recognize that we are technology and data junkies so we wrote our own crawler that specifically seeks out web pages, posts, and news articles that give us a snapshot of what is going on in the world of Alt Data. The following is a collection of articles that we think you will find interesting from the past week.


50 Must-Read Free Books For Every Data Scientist in 2020

In this article, we are listing down some excellent data science books which cover the wide variety of topics under Data Science.

Data science is an inter-disciplinary field which contains methods and techniques from fields like statistics, machine learning, Bayesian etc. They all aim to generate specific insights from the data. In this article, we are listing down some excellent data science books which cover the wide variety of topics under Data Science.
2020-03-05 00:00:00 Read the full story…
Weighted Interest Score: 5.3947, Raw Interest Score: 2.0809,
Positive Sentiment: 0.2780, Negative Sentiment 0.1348

CloudQuant Thoughts : A very nice and well put together list!!

The U.S 10 Year Bond Falls Below 1%

While everyone has been concerned about the sell off in the stock market in the past two weeks, this decline should be contrasted with the rapid rise in the price of government bonds. For the first time in history, the yield on the 10-year government bond fell below 1%.

As Figure 1 illustrates, the 75-year interest rate pyramid is continuing its path toward new lows. The pyramid began on November 30, 1945 when the 10-year bond yielded 1.55%. The…
2020-03-09 14:31:33+00:00 Read the full story…
Weighted Interest Score: 5.3394, Raw Interest Score: 2.0362,
Positive Sentiment: 0.1131, Negative Sentiment 0.4525

CloudQuant Thoughts : 10 year bond below 1%, Interest rate above 1%, you do the math!

FINRA Starts Reporting Data on Treasury Securities Trading Volume

For the first time, the Financial Industry Regulatory Authority has started reporting aggregate data on the trading volume of Treasury securities reported to FINRA’s Trade Reporting and Compliance Engine, the regulator said Tuesday.

The move was designed to “provide more transparency” to the marketplace, FINRA said. Securities firms started reporting Treasury transactions to FINRA in July 2017 in a move that was designed to provide regulators and policymakers with additional information to boost understanding and “enhance surveillance of this bellwether market,” according to FINRA.
2020-03-10 00:00:00 Read the full story…
Weighted Interest Score: 4.2970, Raw Interest Score: 1.8750,
Positive Sentiment: 0.2717, Negative Sentiment 0.0272

CloudQuant Thoughts : I trawled around for REPO data for days at the end of last year during the REPO crisis.  Making more of this data available in a timely and frequent fashion can only help traders get a better view of the health of our financial system…. HOWEVER…. During government shutdowns, the time when you probably need this data most of all… IT WILL GO OFFLINE.

How To Build An AI Marketplace For The Next Decade

Any company that releases a brand new car has to wait at least for the first-quarter sales to come in before deciding on the future of production. If a new software product is launched, the number of downloads might play a deciding factor in the future versions of the product. Now, what if a products’ sales in real time are combined with customers’ likelihood of purchase to fuel a profitable marketplace?
2020-03-11 10:30:58+00:00 Read the full story…
Weighted Interest Score: 4.2604, Raw Interest Score: 1.5892,
Positive Sentiment: 0.2249, Negative Sentiment 0.3898

CloudQuant Thoughts : “According to a Teradata survey, the lack of IT infrastructure (40%) and the shortage of talent (34%) are the two most significant barriers to AI realisation”. You are in a strong position my friend!

Alt data’s Wild West days may be ending as Congress and privacy advocates zero in on the industry. Nearly a dozen insiders tell us how data streams going dark is an ‘unhedgeable’ risk.

Recent congressional inquiries into Envestnet’s Yodlee and Avast’s Jumpshot highlight the risks aggregators of alternative data and their hedge-fund clients have as they rely on datasets that could disappear overnight.

Business Insider spoke with about a dozen alternative-data providers and consumers to get a sense of how to sell and use a product, respectively, that is not guaranteed to always be there.
2020-03-05 00:00:00 Read the full story…
Weighted Interest Score: 4.6156, Raw Interest Score: 1.8880,
Positive Sentiment: 0.0878, Negative Sentiment 0.3293

CloudQuant Thoughts : Going Dark and Disappearing are not the same thing. If regulators decide they do not like certain data sets they will simply retreat into the shadows and sell directly to large private customers who are happy to keep the transaction secret.

Superwise.ai raises $4.5 million for AI lifecycle management tools

Tel Aviv-based Superwise.ai today announced that it’s raised $4.5 million in seed funding, which it plans to use to scale its AI lifecycle management platform. This expanded platform, it says, will allow business and operational teams to take ownership of the health of AI models, giving them the ability to better trust the operation of their AI-driven processes.
2020-03-10 00:00:00 Read the full story…
Weighted Interest Score: 4.7175, Raw Interest Score: 1.6608,
Positive Sentiment: 0.1748, Negative Sentiment 0.3205

TradeTech 2020

21 – 23 April, 2020 Buy Side Only Evaluation Day 21 April, 2020 Main Conference 22 – 23 April, 2020 Palais des Congrès de Paris.

TradeTech 2020 unites Europe’s top equity trading leaders including regulators, sell side, trading platforms, technology partners and over 500 senior buy side. This is your unique opportunity to join the leading buy side in using data and technology to thrive in the post-MiFID II liquidity landscape.

2020-03-09 00:00:00 Read the full story…
Weighted Interest Score: 4.5417, Raw Interest Score: 2.1066,
Positive Sentiment: 0.3304, Negative Sentiment 0.0000

ML Engineer, Data Scientist, Research Scientist: What’s the Difference?

If you have to write an artificial intelligence (AI) or machine learning (ML) job description, it can be difficult to convey precisely what kind of new employee you want to hire. Doing so requires using the right language, plus understanding what type of role is most appropriate for what you want to achieve.

To guide you through the challenging process of recruiting top AI talent, we’ll start by looking at the differences between different AI & …
2020-03-10 16:35:47+00:00 Read the full story…
Weighted Interest Score: 4.0748, Raw Interest Score: 2.0385,
Positive Sentiment: 0.2016, Negative Sentiment 0.1008

Heads Up! Slew of SEC Risk Alerts on Their Way, Exam Chief Warns

The Securities and Exchange Commission’s exam division plans to release soon — likely in March — risk alerts indicating how it will conduct exams on Regulation Best Interest and Form CRS and is zeroing in on the “race to zero commissions” by brokerage firms, Pete Driscoll, head of the Office of Compliance Inspections and Examinations, said Friday. Speaking at the Investment Adviser Association’s annual compliance conference in Washington, Driscoll told attendees to brace for eight upcoming risk alerts this year on: fixed income cross-trading (very close to release); Reg BI and Form CRS (coming very soon); cryptocurrency/digital assets; Libor; alternative data gathered from outside sources; top findings in the compliance space; and top findings on private funds.

Driscoll said OCIE will continue to focus on “fees and expenses,” a mainstay for the SEC, and is continuing exams of private funds and robo-advisors. Driscoll says he sees two groups of robos: those that provide “another style of offering investment advice by firms that have robust compliance, legal and risk programs” and those run by tech-based startups that are typically “not terribly familiar” with securities laws. “We see risks there,” he said.
2020-03-06 00:00:00 Read the full story…
Weighted Interest Score: 3.8348, Raw Interest Score: 1.6964,
Positive Sentiment: 0.0679, Negative Sentiment 0.1810

Having a digital strategy will help fund managers embrace transformational change

Investment managers stand at a crossroads today. Faced with a rapidly changing digital world, they must determine which path to take to help them transform their business models and respond to the needs of a younger generation of investors.

One key aspect to this transformation story is how investment managers successfully integrate people, processes and technology, as part of a sophisticated digital strategy, to adapt to the digital age. Data, …
2020-03-09 00:00:00 Read the full story…
Weighted Interest Score: 3.7082, Raw Interest Score: 1.7094,
Positive Sentiment: 0.2442, Negative Sentiment 0.0733

Data Cleansing: Everything You Wanted to Know About It

Today there is harsh competition in the market for companies to grow and even to survive. Data is the most important factor now for organizations and is being seen as the cause of all successful or bad decisions. Data is rightly said to be the factor which enables businesses to make confident business decisions and gain actionable insights. Clean, accurate, validated, and standardized data is wh…
2020-03-11 07:30:17+00:00 Read the full story…
Weighted Interest Score: 3.4962, Raw Interest Score: 1.9810,
Positive Sentiment: 0.6533, Negative Sentiment 0.4215

Data Scientist: Education, Training, Interviewing

Your typical data scientist works with various forms of data to discover insights and knowledge. Then they develop products and services that support optimal decision-making.

The data can be structured (coming from a pre-defined data model and residing in relational databases) or unstructured (having no pre-defined format, such as text files or user-generated content).

A data scientist is responsible for understanding and aggregating these diff…
2020-03-11 00:00:00 Read the full story…
Weighted Interest Score: 3.4727, Raw Interest Score: 1.9001,
Positive Sentiment: 0.2643, Negative Sentiment 0.1007

Compliance, Risk and Financial Experts to Headline COMPLY2020 Conference

PerformLine, the leading provider of multi-channel compliance technology and the organizer of COMPLY2020, today announced leaders from some of the world’s most recognized brands in banking, fintech and compliance are joining the COMPLY2020 speaker lineup.

Taking place May 5-6 in New York City, COMPLY2020 will unite a comprehensive gathering of regulators, compliance and risk professionals, sales and marketing leaders, innovators, investors and…
2020-03-10 00:00:00 Read the full story…
Weighted Interest Score: 3.4146, Raw Interest Score: 1.7497,
Positive Sentiment: 0.2238, Negative Sentiment 0.0610

Fidelity Introduces Funds Targeting HSAs: Portfolio Products

Fidelity Investments launched two new mutual funds specifically designed for investors looking to grow their health Health Savings Account savings to meet future medical expenses.

The Fidelity Health Savings Fund is available in a retail share class (FHLSX with annual expenses of 47 basis points) and a K share/institutional class (FHLKX, 37 basis points). The Fidelity Health Savings Index Fund, meanwhile, is available onl…
2020-03-09 00:00:00 Read the full story…
Weighted Interest Score: 3.2116, Raw Interest Score: 1.8581,
Positive Sentiment: 0.1883, Negative Sentiment 0.0126

How to Deliver a Data Science Project Successfully

It is demanding to know where to begin once you’ve decided that, yes, you wish to dive into the fascinating world of data and AI. Just having a look at all the technologies you need to understand all the tools you’re supposed to master is enough to make you confused.

Well, luckily for you, creating your first data project is actually not difficult as it seems. Becoming data-powered is first and most foremost about having to learn the basic steps…
2020-03-08 18:21:32+00:00 Read the full story…
Weighted Interest Score: 3.0904, Raw Interest Score: 1.5218,
Positive Sentiment: 0.1806, Negative Sentiment 0.1806

The Insights Beat: Stay On Course With Smart Data And Analytics Choices

As companies navigate through murky waters amid global health and economic headwinds, as a data and analytics leader, it may feel like there are many things that are out of your hands today. As you weather these conditions, it is still important to chart a steady course and be laser-focused on the parts you can control — which is to actively shape your enterprise’s ability to continue getting smarter about markets, competitors, products, and cust…
2020-03-10 19:22:13-04:00 Read the full story…
Weighted Interest Score: 3.0691, Raw Interest Score: 1.7070,
Positive Sentiment: 0.2276, Negative Sentiment 0.0284

IBM Project Debater: AI System That Can Debate People

IBM is announcing several new IBM Watson technologies designed to help organizations begin identifying, understanding and analyzing some of the most challenging aspects of the English language with greater clarity, for greater insights.

The new technologies represent the first commercialization of key Natural Language Processing (NLP) capabilities to come from IBM Research’s Project Debater, the only AI system capable of debating humans on compl…
2020-03-11 11:51:57+00:00 Read the full story…
Weighted Interest Score: 2.9711, Raw Interest Score: 1.5968,
Positive Sentiment: 0.3327, Negative Sentiment 0.1663

All The Latest AI Innovations By IIT Madras

ia if not the world. The institute always collaborates with other institutions, companies, government or other bodies to make new developments in AI. With the establishment of Robert Bosch Center for Data Science and Artificial Intelligence (RBC-DSAI) on February 6, 2019, it has accelerated and opened up the scope of research even more and widened the range of projects that are undertaken.

Below highlight some of the latest projects undertaken by the well-known institution in India:

Drones To Counter The Rogue Ones

A team mentored by Dr Ranjith Mohan, Ass. Prof, Dept. of Aerospace Engineering designe…
2020-03-11 06:30:00+00:00 Read the full story…
Weighted Interest Score: 2.9329, Raw Interest Score: 1.2787,
Positive Sentiment: 0.1880, Negative Sentiment 0.2445

Are You Data-driven? It Will Take More Than a Piece of Software to Achieve Success

Organizations want and need to be data-driven. We have been talking about achieving this level of insight for years, but the majority of companies have made surprisingly little progress. Most organizations still rely on gut intuitions for decision-making and have a long way to go to leveraging trusted data for data insights across the business.

For the past decade, I have had the privilege of wor…
2020-03-10 07:30:13+00:00 Read the full story…
Weighted Interest Score: 2.9091, Raw Interest Score: 1.7281,
Positive Sentiment: 0.2729, Negative Sentiment 0.2729

How Working Data Scientists Can Continue To Increase Their Knowledge

Working alone as a data scientist is not enough to boost one’s career because organisations are always looking to find something extra from their employees. In short, an organisation might expect data scientists to deliver different functions. So the question is how can a data scientist learn to increase their knowledge while still working full-time?

In this article, we will discuss a few pointers through which data scientists can increase their…
2020-03-10 11:30:25+00:00 Read the full story…
Weighted Interest Score: 2.9040, Raw Interest Score: 1.7677,
Positive Sentiment: 0.3788, Negative Sentiment 0.1263

The Advent And Scope Of AI Marketing In 2020 And Beyond

When it comes to bridging the existing gap between data science and its usage, targeting better marketing results, nothing beats the utilitarian nature of AI. While artificial intelligence alone is capable of sifting through humongous data sets for analyzing the relevant ones, AI marketing is slowly but steadily shaping up into a venture that comes with a host of benefits over the conventional ways of promoting a product or service.

That said, before we move…
2020-03-11 00:00:00 Read the full story…
Weighted Interest Score: 2.8694, Raw Interest Score: 1.2849,
Positive Sentiment: 0.4007, Negative Sentiment 0.0691

“The 3 ingredients to our success.” | Winners dish on their solution to Google’s QUEST Q&A Labeling | Kaggle Winner’s Interview

First place foursome, ‘Bibimorph’ share their winning approach to the QUEST Q&A Labeling competition by Google, and more!

Congratulations to the (four!) first-place winners of the Quest Q&A Labeling competition, Dmitriy Danevskiy, Yury Kashnitsky, Oleg Yaroshevskiy, and Dmitry Abulkhanov who make up the team “Bibimorph”!

In the QUEST Q&A Labeling competition by Google, participants were challenged to build predictive algorithms for different subjective aspects of question-answering. The provided dataset contained several thousand question-answer pairs, mostly from StackExchange. These pairs were human-labeled to reflect whether the question was well-written, whether the answer was relevant, helpful, satisfactory, contained clear instructions, etc. Results from the competition will hopefully foster the development of Q&A systems, contributing to them becoming more human-like. In this winner interview, we catch up with team Bibimorph to learn more about their approach to solving this unique challenge…
2020-03-05 14:47:40.061000+00:00 Read the full story…
Weighted Interest Score: 2.8673, Raw Interest Score: 1.4676,
Positive Sentiment: 0.2150, Negative Sentiment 0.2075

Weekly Self-Study Plan To Ace Data Science and Machine Learning

Data Science is a vast field where statistics and programming go hand-in-hand. In order to ace this field, enthusiasts must follow a learning routine that involves practising, reading, competing as well as engaging with the community. This is a 4-weeks plan which can be repeated every month to enhance your depth of understanding in Data Science. It includes both theoretical and real-world practical resources …
2020-03-11 09:30:00+00:00 Read the full story…
Weighted Interest Score: 2.8460, Raw Interest Score: 1.7344,
Positive Sentiment: 0.2797, Negative Sentiment 0.0746

5 lesser-known pandas tricks

Pandas provides high-performance, easy-to-use data structures and data analysis tools for the Python

pandas needs no introduction as it became the de facto tool for data analysis in Python. As a Data Scientist, I use pandas daily and I am always amazed by how many functionalities it has. In this post, I am going to show you 5 pandas tricks that I learned recently and using them helps me to be more productive.

For pandas newbies — Pandas provide…
2020-03-02 20:54:02.073000+00:00 Read the full story…
Weighted Interest Score: 2.6658, Raw Interest Score: 1.2083,
Positive Sentiment: 0.0919, Negative Sentiment 0.0788

Go Beyond Upskilling In Data Science & Machine Learning

The Big Data boom has birthed many flourishing opportunities for India Inc in 2020. Most businesses are now energetically adopting data science, machine learning and data analytics in their operations for improved business models and optimisation of their operations. Now, with data science and machine learning gaining more and more prominence across sectors, enterprises are now looking at filling the talent gap to keep up with the swift pace of the technological progress. The year 2019 saw over 97,000 job openings in data science alone. …
2020-03-11 10:47:42+00:00 Read the full story…
Weighted Interest Score: 2.6290, Raw Interest Score: 1.8637,
Positive Sentiment: 0.4659, Negative Sentiment 0.1359

Will Artificial Intelligence Render Human Transcriptionists Obsolete?

Artificial intelligence is changing the nature of human language. We are seeing computers that can understand language in very nuanced ways. Towards Data Science has a very interesting analysis of this trend in their article Understanding Natural Language Process, How AI Understands Our Languages.

AI is still unable to grasp the complexities of language to the level of trained transcriptionists. However, that may change in the future. Will it eventually make them obsolete?

AI is Changing the Nature of Human Language – How Will Transcriptionists Respond?…
2020-03-06 19:05:49+00:00 Read the full story…
Weighted Interest Score: 2.5353, Raw Interest Score: 0.9998,
Positive Sentiment: 0.1707, Negative Sentiment 0.3414

BackboneAI raises $4.7 million to unify disparate enterprise data sets with AI

BackboneAI, a startup providing a data automation platform for enterprises, today emerged from stealth with $4.7 million in seed funding. CEO Rob Bailey says the round will be used to scale the company’s product for data collection within and among organizations, which he believes could improve data science team productivity by leveraging AI to integrate data from a range of sources.

BackboneAI’s offering reconciles records in a number of industries, like bills of materials across construction vendors and companies. It ingests data from various sources, preprocesses and standardizes it, and then delivers it to systems. A combination of data synchronization, API connectivity, and third-party app and database support can identify and resolve anomalies while tracking the provenance of products from source to customer and managing global rights and shipments for companies with affiliates and distributors.
2020-03-10 00:00:00 Read the full story…
Weighted Interest Score: 2.5145, Raw Interest Score: 1.6119,
Positive Sentiment: 0.1289, Negative Sentiment 0.0967


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