Time-saving functionality and proprietary reports in one tool.
December 20, 2022

Time-saving functionality and proprietary reports in one tool.

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with AlphaSense

As the strategy team of the company, we constantly need market intelligence and competitive information to validate product market fit, informing R&D and GTM strategy. In our particular use case, the topic range is quite wide, and the research turnaround time is very short. We don't need regular briefings or daily newsletter type of updates, but instead, we will search for very specific questions and need to get data in a very concise and easy-to-consume fashion.

Pros

  • Wide coverage of input sources and reports.
  • Easy to find company data, including many startups.
  • The Live Help function is very useful.

Cons

  • Sentiment analysis is not always accurate.
  • Hope for more startup coverage in company data.
  • Multiple sources to triangulate market data.
  • Improve assumptions in modeling.
  • Can generally save ~30 min working time on a daily basis.
Apparently way more targeted and organized than random internet searches; also able to access proprietary research reports and databases. On the flip side, there is definitely a learning curve. Our team had a few ramp-up and learning sessions with the vendor team to really grasp how to use the many functions correctly or efficiently.
Being able to obtain market intelligence data quickly is helpful when an executive asks a question and requires an 80% answer in 15 min. This has made certain conversations easy and helped the user gain a reputation in the team. Sometimes also brings a positive impact on the team's efficiency at work, such as quickly ruling out some hypotheses with market 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

Well suited: strategy teams, corporate development teams, and presales teams (to help create customer pitches or get frequent alerts on competitors). Less appropriate: financial analysts in a large corporate (if already subscribed to banks' reports and Excel models); business executives (often alerts too detailed).

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