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Data demand is as strong as ever
Matt Ober
January 29, 2024
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I spent a few days in Miami while speaking and attending the Battlefin Data Conference. It is clear, data demand is as strong as ever.
The Eden Roc Nobu Hotel was a scene for the 2-3 days that Battlefin was hosting their data conference. Tim Harrington has been hosting this event for what feels like a decade and I still felt like there was a strong energy and excitement from everyone in town. Data buyers from every hedge fund had a presence and it was good to see a lot of old friends and meet new people. Some of the largest data & information services companies were in town including S&P, and a lot of familiar companies from Similarweb to Ernest Analytics and MScience.
I was in town and had the honor of speaking on Wednesday night which was great to join the panel hosted by Mr. It’s Prounounced Data- Dan Entrup. We also had a few portfolio companies in town, including Finchat.io which is a generative AI platform and API for investment research and analysis. There was a ton of good feedback for what Braden and his team have built, plus a lot of opportunities to partner and integrate with data vendors. It made me realize there isn’t a better conference for those selling into hedge funds and partnering with data vendors, than showing up in Miami in Janruary when it’s cold in NYC. Everyone is happy to be in warm weather, the budgets are fresh with it being the beginning of the year, and in a world where AI is everywhere, it’s clear everyone needs an AI solution still.
As much as it is hard to sell data to hedge funds, and data vendors struggle to get to scale, it is clear there continues to be a hunt for new data sources. If you have data that is unique and differentiated, there is no lack of buyers, partners, and opportunities. Looking forward to announcing a few things we are working on at Social Leverage with our portfolio companies and I will continue to launch/annonce new datasets we are seeing in the market on InitialDataOffering.com
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