Scott Hall Evan Schnidman Alternative Data Predictions
Scott Hall and Evan Schnidman: Alternative Data Predictions That Came True
Two years ago, AltHub CEO Scott Hall sat down with Evan Schnidman, who has since become President of Fidelity Labs, to discuss the future trajectory of the alternative data market. Revisiting that 2023 conversation reveals how accurately they forecasted industry developments that seemed ambitious at the time.
Two years ago, Scott discussed alternative data with Evan Schnidman, who is now President of Fidelity Labs.
Three quotes from that conversation:
“Alternative data will become just as big as fundamental data—well over $30 billion.”
→ Reality: $137B by 2030 (Deloitte)
“What took us six to eight weeks a year ago now takes days.”
→ Reality: 3-5 days today
“Only 10% of alternative data sets are well prepared for use.”
→ Reality: Still true
Scott’s final insight: “We’re still in the second inning.”
He was right.
Since then, we fully built AltLab360—turning unused company data (clicks, usage, reviews and more) into investment insights hedge funds pay for. Our clients range from mid-market businesses to publicly traded companies,
Result: Six and seven-figure revenue streams for data providers.
Full interview below