Episode 171: FactSet's Rich Newman on Open Data

This week, Rich Newman, global head of the Content and Technology Solutions (CTS) group at FactSet, joins to discuss this idea of open data and delves into the world of alternative data. 2:30 Open data: why is it gaining traction and why is that important? 8:30 The alternative data space is vast, to say the least, but what is actually providing value? 11:00 One-stop-shop data providers versus more niche specialists. 14:00 When FactSet went down the Open:FactSet road, where did it have to readjust its strategy? 17:00 With the data explosion that will result from 5G and IoT advancement, how do you prepare for the future? 19:45 Banks and asset managers are trying to figure out how to package their internal data—where are we at? 23:00 ESG: where is there real value, what are the challenges? 29:00 Rich is a cofounder of technology company Insyte, which FactSet acquisition in 2000. He explains why he’s stayed on with FactSet all these years later. 36:00 Which is better: Queens pizza or Boston pizza? (The answer is obvious.)