Item: AlphaSense
Rating: 10
Author: Jay Campbell

Overall Satisfaction with AlphaSense

Use Cases and Deployment Scope

I work in the biotechnology industry and am responsible for managing oncology clinical trials supported by my organization as well as venture investments. I use AlphaSense to monitor developments in the markets/ field of cancer research and clinical development, research companies, and monitor activities of companies. I use the platform to find company information, including financials, sell-side research, press releases, and company presentations.

Pros and Cons

Pros

aggregator of information
efficient search tool for a variety of topics, including very specific details
access to broad spectrum of information from various (and growing) sources

Cons

it would be nice if there was an easy way to see how many credits a user still has available to apply to downloading sell-side (broker) research

Return on Investment

Improved efficiency in researching companies and various subject matters, which has saved me time
Keeps me informed of developments with key collaborators/partners (companies)

Usability

I find the specificity of the search results, ease of using the platform, and breadth of data sources to be the key areas of differentiation. I also appreciate the ease of downloading documents and toggling between the various data sources.

AlphaSense Market Intelligence

The timeliness of receiving the latest information, particularly with real-time alerts, is very helpful to me/my team as we work extensively with third-party partners/collaborators, and having the ability to stay informed about developments with these partners is very helpful, if not critical. I also have a high degree of comfort with the information provided by AlphaSense which also enables me to make decisions quicker, given this level of familiarity/comfort with the source of the information.

Alternatives Considered

S&P Capital IQ, FactSet and Bloomberg Terminal

In comparison to other data providers I have worked with, I appreciate the dynamic nature of the AlphaSense platform that allows me to dial in or dial out the sources of the data. With other providers, I feel that I had less control over this, and not having the ability to filter or narrow the data sources can result in information overload which leads to inefficiencies.

Key Insights

Do you think AlphaSense delivers good value for the price?

Yes

Are you happy with AlphaSense's feature set?

Yes

Did AlphaSense live up to sales and marketing promises?

Yes

Did implementation of AlphaSense go as expected?

Yes

Would you buy AlphaSense again?

Yes

Likelihood to Recommend

I have added a colleague to our AlphaSense account and I have recommended AlphaSense to several friends/work colleagues at different companies. The focus of these people has been researching, investor relationships, and investment banking. I have referred to AlphaSense as "Google on steroids" regarding the search capabilities and added that it is extremely user-friendly and has one of the richest sets of data sources I have ever come across.

Comments

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