“Alternative data (alt data) has become a mainstream source of insights for portfolio managers and analysts worldwide, with 100% of respondents confirming its integration into their investment processes,” according to a new survey by alt data platform BattleFin and its newly acquired alt data analytics platform, Exabel. As alt data becomes part of mainstream investing, investment professionals, including those at hedge funds, are seeking new data sources and enhanced analytical capabilities. BattleFin’s survey assessed demand for alt data, data sources, key challenges associated with using alt data, resources, budgeting and management commitment to alt data. This article details the key findings from the BattleFin survey. See “Driven by AI, Private Funds’ Use of Alternative Data Continues to Grow, Survey Finds” (Feb. 15, 2024).