AlphaSense is great for quickly digging through research!
July 13, 2023

AlphaSense is great for quickly digging through research!

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

Overall Satisfaction with AlphaSense

I use AlphaSense primarily to find statistics or key items in equity research. Most common use cases include peak sales of a specific drug, key competitors, and recent data readouts. It is super helpful when putting together market or competitive landscape overviews, which I have to do frequently (1-2x per week).

Pros

  • Find peak sales of specific drug
  • Find key competitors
  • Find overall market size of certain diseases

Cons

  • It could be better at filtering out unnecessary reports
  • It's sometimes slow at loading documents
  • Efficiency/productivity gained
  • Crucial data found
  • Broader content sources
Much of my job requires pulling key stats so AlphaSense has been super helpful in expediting that process. I've tried other resources like CapIQ, FactSet, or even Google and only AlphaSense has been able to efficiently narrow my search and find what I'm looking for. I consider AlphaSense to be like Google for research reports!
I don't think we view AlphaSense as a way to become more competitive. It's more of an internal tool to help the team's efficiency. It's one of many resources we have so it doesn't have enough of an impact to shape our business outcomes.
AlphaSense is better at pulling relevant research based on key searches. Trying to search for specific items on CapIQ or FactSet is difficult because it's basically like CTRL-F on thousands of reports, which would be a very arduous process. I still use the other products, just for different purposes (ie. digging through research versus pulling reports)

Do you think AlphaSense delivers good value for the price?

Not sure

Are you happy with AlphaSense's feature set?

Yes

Did AlphaSense live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of AlphaSense go as expected?

Yes

Would you buy AlphaSense again?

Yes

S&P Capital IQ, FactSet
AlphaSense is well suited when I'm looking for very specific statistics or data points such as peak sales or market size. It is less appropriate when my search is a little more vague such as "What's the overall street view of this data readout?" I have to know the specific company I'm interested in otherwise the filter is too broad.

AlphaSense Feature Ratings

Financial Research
6.0
Public Company Data
10
Private Company Data
2
Industry and Sector Research
7
Industry-Specific Information
7
Independent Research Access
5
M&A Analysis
5
Supply Chain Data
Not Rated
ESG Data
Not Rated
Credit Ratings Reports
Not Rated
Macroeconomic News
Not Rated
Search Tools
Not Rated

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