Industry Newsalternative dataasset managementai toolingweb scraping
Asset Managers Increase Spending On Alternative Data
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8.1
Money managers, including hedge funds and asset managers, spent $2.8 billion on alternative data in 2025, a 17% increase from 2024, consultancy Neudata reported. The report projects spending could reach as high as $23 billion by 2030 in a bull case, noting artificial intelligence has reduced data-cleaning costs and broadened access. Increased vendor entrants and web-scraping datasets drove last year's growth.
Scoring Rationale
Strong industry-wide spending growth and AI-driven adoption, limited by single-consultancy reporting and moderate methodological detail.
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