As proptech firms search for data evangelists, the likes of which have drastically changed real estate, Wall Street is ready to pay big bucks for transformative information. Alternative data–often obscure, custom-sourced data sets–are selling for tens of thousands of dollars among hedge funds looking for an edge, according to CNBC. As of 2016, buying research accounted for transactions valuing about $200 million and business volume was expected to double by 2021. “We live in a […]
source https://therealdeal.com/2018/07/29/data-equals-big-business-on-wall-street-and-for-proptech-companies/
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