Buy Side Lacks Skills to Handle Alt Data, Says Goldman Sachs Quant
Lack of skills for evaluating alternative datasets remains an industry problem, with firms looking to hire data scientists and technologists to make use of the new data.
“People need to have the specific skills to evaluate the data. Not everyone has the skills to build that infrastructure to evaluate big data,” said Javier Rodriguez-Alarcon, European head of quantitative investment strategies at Goldman Sachs Asset Management.
While having the budget to acquire new datasets—and making sure that the price paid is commensurate to the value gained from the data—is clearly a major factor in firms’ ability to leverage alternative data, Rodriguez-Alarcon says the key
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