IPRoyal

Alternative Data Proxy

Traditional data sources like sales figures, presentations, and financial statements, don’t usually paint a complete and sufficiently informative picture of the state of things. Several companies have been quick to collect, clean, analyze, and interpret valuable data from non-traditional sources to fill this void. These sources include financial transactions, web traffic, sensor inputs, mobile devices, public records, satellites, and news sites. In most cases, these sources are outside the companies in question. With this in mind, this post will offer credible insights into alternative data and provide compelling reasons why you need proxies for the same.

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Want to know most important points about Alternative Data Proxy?

Alternative data is any data used to make an analysis that would not traditionally be used to make that decision. It includes proxy metrics that can stand in for factors that are usually difficult to measure. Furthermore, it can also include information from unofficial sources that individuals can use to gain insight into an analysis.

Alternative data provides both new types of business intelligence and new ways of understanding intelligence that could be gained from traditional data. What’s more, investors use alternative data to evaluate a company or investment, not within conventional data sources.

Traditional data sources include financial statements, press releases, and management presentations. It is worth noting that alternative data gives more accurate insight into company performance than conventional data sources.

Over the past ten years, increased computing power and personal device usage have led to massive data generation growth. In the beginning, there was a lot of doubt surrounding alternative data and its usefulness. However, many organizations and investment firms saw its potential and embraced it.

FAQ

What are alternative data proxies?

These tools mask your IP when web scraping to acquire alternative data. They do this by rerouting your internet requests through an alternative IP address, making it seem like each request comes from a different device in a different location.

Why do you need alternative data proxies?

While web scraping is not illegal, it is frowned upon on most websites, and you will be banned upon detection. Therefore, it is always good to implement a proxy that will prevent detection by anti-scraping tools when web scraping.

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