191 karma · joined March 10, 2014
About me: HTTPS://alexizydorczyk.com
This type of product is generally meant for very large enterprises, so this is already an entry-level product at best.
We do make a lot of related economic data available for free though that is published by government sources. I think often what is publicly available and collected by the government is under-appreciated - the level of granularity of government inflation statistics by product category is outstanding for example.
What sort of exotic data would be useful to you, out of curiosity?
That said, we obviously have competitors. We are trying to differentiate with our data accuracy, focus on data scientists, and focus on Snowflake approach.
Obviously, this is a first product: we hope to add to it. See the vision here: https://magis.substack.com/p/datanomics
The Marketplace, Streamlit, and Native Apps stand out as particularly cool/useful.
More than anything, just the completeness of the platform (ie. data quality tools, governance, etc.) is super helpful to not have to cobble together.
The AI features they announced today also seem game-changing.
Of course, full diclosure, they are my lead investor but I chose to work with them for these reasons.
Cybersyn is obviously a startup explicitly trying to do just this -- AFAIK, we're the first "Snowflake Native" startup but it is hard to tell, there are more than 2200 data products in Snowflake Marketplace already so I easily could be wrong.
But yes, the long term vision is to make this all joinable (https://magis.substack.com/p/datanomics)
- Different data sources - More accurate (though this is of course debateable, our plan is to publish benchmarks, accuracy, transparency, etc.) but this will always be debateable - Focus on data scientists & Snowflake users (rather than a SaaS platform)
Obviously, this is a very early product. The key is to join types of datasets together, while maintaining accuracy (see vision outlined here: https://magis.substack.com/p/datanomics)
We're ingesting from S3 or FTPs usually.
It would be indeed great if Snowflake allowed us to preview the data. That said, if you have a Snowflake account, you can mount it and automatically get a trial (you can run arbitrary queries against it).
The data is aggregated at a weekly level, by category, merchant, and demographics. It is not single individuals' data if that is what you are after.
We map our Company Index to public identifiers like CIKs or EINs, but also to the identifiers market data providers have made available (PermID, OpenFIGI).
To start, we're working with public companies but this will soon extend.
Writing about data-as-a-serice (ie. selling datasets), especially as it relates to finance & hedge funds. Includes both technical pieces, summaries of big events at my startup, and higher level questions on data valuation.