Item: AlphaSense
Rating: 9
Author: Sreenath Janakiraman

Use Cases and Deployment Scope

AlphaSense is a good resource to use within an organization that requires consistent knowledge of industry happenings, analyst opinions, deep insights into topical concepts, and general financial information. It is used to bolster our organizational awareness of industry and general news happenings with/without bias. The product addresses gaps in understanding the latest news with a focus on delivering a breadth of resources from different organizations, hence providing the team with a plethora of viewpoints to make our own inferences.

Pros and Cons

Industry updates and news.
Analyst opinions.
Financial information.
Opinion pieces.

Veracity of financial results.
Speed of transcripts for earnings announcements.
Streamlined search and de-cluttering of the interface.
Better coaching/tab for just beginners.

Return on Investment

Deeper company insights.
Analyst opinions on happenings in the marketplace.
Added confidence by providing another data point apart from other search tools.
Informed decisions.

Usability

AlphaSense is very binary in terms of usage within the team here. Some really love the versatility of the platform and the range of information it provides. Some do not like the fact that it has so much information and changes so often that it has not reached the "final stable form" of a steady search platform yet. Acquisitions and other changes in the system and search are often - in fact, too often, given the fact that the company has been growing so fast.

AlphaSense Market Intelligence

Alphasense has real-time updates of news and analyst opinions, so whenever leadership has a request to take a look at something happening right now, we are able to pull it up and look for opinions that answer the exact questions asked without having to browse through several search engines worth of information. This enables us to get on top of happenings quickly and begin the phase of preparation much earlier than before.

Alternatives Considered

Gartner Peer Insights, Frost 3D Universal, S&P Capital IQ and Deloitte Consulting

AlphaSense is much, much pricier than other offerings we go with - and has increased pricing on us in the upcoming year by 200%. Previously, AlphaSense used to stack up much higher compared to the other offerings we had. However, with the price change and the relatively useless "peer professional interviews" offering that is being forcibly added to the offering beginning in late 2024, this price is going to go up even further, which means Alphasense is going to quickly shoot up the charts in terms of being not that much focused on value for money.

Key Insights

Do you think AlphaSense delivers good value for the price?

Are you happy with AlphaSense's feature set?

Did AlphaSense live up to sales and marketing promises?

Yes

Did implementation of AlphaSense go as expected?

Yes

Would you buy AlphaSense again?

Yes

Other Software Used

Gartner Peer Insights, S&P Capital IQ

Likelihood to Recommend

AlphaSense is well suited to understanding industry happenings especially if focusing on a variety of analyst opinions. It is not that well suited to getting overarching information like "forecasts" for a huge industry (for example: IoT, Blockchain, etc.) It is also not well suited to searching for opinion pieces/industry research reports that focus on a non-company or non-regional aspect.

A useful and comprehensive tool that suffers from being constantly in flux due to growth/acquisitions, and is fast becoming extremely pricey for the value.

Overall Satisfaction with AlphaSense