Untapped Global Macro Data Provider, Augur Labs, Joins the Big Data Protocol Data Alliance Adding Timely Underlying Growth Metrics across 37 economies
Augur Labs, an untapped alternative data provider focused on global macro, timely growth data across 37 economies and 45 geographies, partners with Big Data Protocol to showcase their data on the BDP Marketplace. This is one of the strongest big data-driven global economic indicators that BDP joining the portfolio of the Data Alliance.
Growth is one of the most important drivers of asset returns. An accurate and timely read of unfolding conditions is critical to investment success. The Augur Labs ‘Timely Underlying Growth Nowcast’ is an alternative, big data-driven measure of economic activities; it uncovers the true underlying strength of the economy in a timely fashion with these features:
High Signal-to-Noise Ratio
GDP is a noisy measure of growth, subject to high measurement errors. Instead of “nowcasting” GDP, Augur has created an alternative growth measure that unmasks the true underlying economic strength, allowing investors to look through the noise.
Big Data In, Big Data Out
Augur’s indicators integrate a massive amount of traditional and alternative data for a timely view of the economy. The outputs include daily point estimates of growth by sector, as well as complete historical vintages. The total database has 15 million time series and over 5 billion data points.
Augur’s indicators are available for 37 economies, representing 90% of world GDP and nearly the entire investable universe. The same, consistent model is applied for all countries over time to facilitate comparability.
Updated daily, the indicators incorporate the latest data releases in a timely fashion.
Augur’s daily growth indicators start as early as 1961 for the US, the longest high-frequency growth estimates in the industry. Daily estimates are available for most developed economies since the 1970s and for many emerging countries since the 1990s.
Augur uses real-time unrevised data whenever possible, providing a solid foundation for strategy backtests.
ABOUT AUGUR LABS
With data extending back until the 1960’s, Augur Labs focuses on:
⁍ Systematic, fundamental macro trading
⁍ Real-time economic indicators based on big data
⁍ Strategic & tactical asset allocation
ABOUT BIG DATA PROTOCOL
Big Data Protocol is a DeFi protocol powering a Web3 data marketplace. The Protocol tokenizes commercially valuable data through a network of +20,000 professional data providers and makes the data token liquid on Uniswap. Users earn data by providing liquidity to data tokens.
The Protocol has a vast existing ecosystem of professional data providers by leveraging Amass Insights, founded in 2015 by our co-founders, Mark Donovick and Jordan Hauer. Amass Insights connects +20,000 commercial data providers with over 10,000 consumers of data, who are primarily investment managers.
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