Jason DeRise, former employee of UBS's alternative data platform, discusses the development of UBS Evidence Lab, the future of alternative data consolidation, banks' approaches to the space, desired access to certain data, and his involvement in the data community. They also explore the evolution of self-side research, team structure and organization, data sourcing and monetization, the relationship between banks and alternative data, use cases and challenges of LLMs, and data discovery.
The development of UBS Evidence Lab and the future consolidation of the alternative data space.
The critical role of data in sell-side research and the need for data to support analysts' recommendations.
The challenges and benefits of centralizing data efforts within banks and the importance of having a dedicated team to handle data.
Deep dives
UBS Evidence Lab's development and alternative data's future consolidation
Jason Dorese, formerly of UBS Evidence Lab, discusses the development of UBS Evidence Lab and shares his views on the future consolidation of the alternative data space.
The importance of data in the sell-side research industry
Jason highlights the critical role of data in the sell-side research industry and emphasizes the need for data to support analysts' recommendations and insights.
Challenges and benefits of centralizing data efforts
Jason discusses the benefits and challenges of centralizing data efforts within banks, both on the sell-side and the buy-side, and emphasizes the importance of having a dedicated team to handle data.
The evolving role of alternative data in generating alpha
Jason explains that as alternative data becomes more widely used, generating alpha becomes more challenging. He suggests that focusing on answering different questions and exploring untapped sectors and geographies could be the key to staying ahead.
The future of the alternative data provider space
Jason predicts that the alternative data provider space will witness consolidation, with larger companies dominating the market. However, he also highlights the importance of niche data sets that answer specific and unique questions.
Welcome to the Alternative Data Podcast, powered by CFM. I’m Mark Fleming-Williams.
In this episode I speak to Jason DeRise, who was one of the very earliest employees of UBS’s alternative data platform, Evidence Lab, and who has recently become a very active and followed commentator on the alternative data space.
In our conversation, Jason and I discuss the UBS Evidence Lab’s development, as well as Jason’s views on alternative data’s future consolidation, how banks approach the space, and the data he wishes he could have got his hands on.
DISCLAIMER
This podcast is an edited recording of an interview with Jason DeRise recorded in August 2023. The views and opinions expressed in this interview are those of Jason DeRise and Mark Fleming-Williams and do not necessarily reflect the official policy or position of either CFM or any of its affiliates. The information provided herein is general information only and does not constitute investment or other advice. Any statements regarding market events, future events or other similar statements constitute only subjective views, are based upon expectations or beliefs, involve inherent risks and uncertainties and should therefore not be relied on. Future evidence and actual results could differ materially from those set forth, contemplated by or underlying these statements. In light of these risks and uncertainties, there can be no assurance that these statements are or will prove to be accurate or complete in any way.