How Alternative Data Sources Are Transforming Market Predictions (And Why You’re Already Behind)
Traditional market research and industry reports only tell part of the story. Alternative data sources—information gathered outside conventional channels—give you the competitive edge you need to forecast trends before your competitors catch on. These include social media sentiment, web traffic patterns, satellite imagery, credit card transactions, and mobile location data that reveal real-time market movements and consumer behavior shifts.
The explosion of digital activity has created a goldmine of predictive signals. When a competitor’s website traffic suddenly spikes, when social media mentions of a product category …