Product Overview of YipitData
YipitData is a market intelligence company founded in 2010, specializing in collecting, cleaning, analyzing, and distributing alternative data sets to institutional investors, hedge funds, and other financial institutions. Here’s a detailed look at what the product does and its key features and functionality.
What YipitData Does
YipitData extracts meaningful information from publicly available online sources, including web data, email receipts, consumer surveys, and other alternative data sources. This data is then aggregated, analyzed, and transformed into actionable insights that help clients make informed investment decisions. The company focuses on providing fundamental data on over 70 companies across 7 sectors, ensuring consistent accuracy within 2% of company-reported metrics.
Key Features and Functionality
Data Collection and Analysis
- YipitData employs advanced web scraping techniques to collect granular data at the item or product level. This data is highly accurate as it is based on facts published by companies themselves.
- The company combines web data with other alternative data sources to provide deep insights into company performance, strategic developments, and competitive dynamics.
Data Products and Delivery
- YipitData offers a range of data products, including detailed customer insights, market share analysis, and competitive intelligence. These products are delivered through various mediums such as dashboards, data feeds, and downloadable time series tables.
- The “YipitData Live” dashboard is a key offering, allowing investors to see the latest trends and estimates in real-time, enabling timely decision-making.
Subscription-Based Model
- YipitData operates on a subscription-based revenue model, where clients subscribe to access proprietary datasets. The subscription fees are tailored based on the scope and depth of data required, the frequency of updates, and the specific industry verticals covered.
Advanced Technology and Tools
- YipitData utilizes cutting-edge technologies such as machine learning, data mining, and data visualization to enhance data acquisition and analysis capabilities.
- The company has migrated its data lake to Delta Lake, which facilitates high-volume data ingestion, reduces ETL runtime, and provides transaction guarantees for table operations. This ensures reliable and efficient data processing and analysis.
Comprehensive Research and Reporting
- YipitData provides robust research offerings, including deep dives into company metrics, sector thematic pieces, ongoing tracking of long-term strategic initiatives, and coverage of one-time events. These research reports are used by investors to understand company performance and market dynamics.
Customer and Investor Insights
- The platform offers insights into customer behaviors, market share across various channels (in-store, direct digital, and third-party), and competitive intelligence on pricing, sales, and strategic initiatives. This helps companies and investors gain a deeper understanding of product, brand, and channel performance.
Key Benefits
- High-Quality Data: YipitData is renowned for delivering high-quality, accurate data with minimal bias, ensuring reliable insights for investment decisions.
- Timely Insights: With real-time data delivery through dashboards and data feeds, clients can make timely and informed decisions.
- Comprehensive Coverage: The company covers a wide range of datasets for finance professionals, including detailed customer insights and competitive intelligence.
- Advanced Technology: The use of Delta Lake and other advanced technologies ensures efficient and reliable data processing, reducing costs and enhancing the overall quality of the data products.
In summary, YipitData is a powerful tool for institutional investors and financial institutions, providing unparalleled insights through its advanced data collection, analysis, and delivery capabilities. Its focus on accuracy, timeliness, and comprehensive coverage makes it a valuable resource in the financial markets.