At times, Alternative Data can provide insights where the traditional data sources may fail. This is precisely why there’s a growing emphasis on gathering Alternative Data. Once collected, Alternative Data can then be mined for business insights. With the growing use of connected devices such as mobile phones, satellite feeds and all kinds of sensors, there are breadcrumbs of data scattered all over the digital and electronic space. The breadcrumbs are pieces of the puzzle that you need to unravel the puzzle and make informed business decisions. There are 8 Vital Types of Alternative Data: 1. App Usage 2. Credit/Debit Card 3. Geo-location 4. Public Data 5. Satellite 6. Social or Sentiment 7. Web Data 8. Web Traffic Reference: http://www.prowebscraper.com/blog/why-is-alternative-data-so-important/#8-vital-types-of-alternative-data