The experts within FISD’s Alternative Data Council recently created and published the Data Descriptions Guidelines, a standardized approach to data documentation. These guidelines help data vendors apply standard approaches to describe their data, provide technical details to help engineers efficiently access the data, and to save researchers time by providing starter code and data validation tests. It is intended as a single place to define a vendor’s business.
This panel will discuss how industry coalescence around standardized data documentation can provide benefits to different sectors of the alt data ecosystem:
*Vendors: Better communication to your customers and potential customers
*Market places/data brokers: Easier to find and evaluate data sources
*Data engineering teams: Faster to ingest data to make it consumable
*Investment Analysts / Data Scientists: Quickly extract insights from the data