How Nomad Data Transformed Data Sourcing for SetSquare Capital

Access to precise and timely data is a priority for any asset or investment manager. SetSquare Capital, a prominent US Family Office, faced significant challenges when trying to source data essential for their investment process. Their experience sheds light on how Nomad Data can revolutionize data-sourcing for investment firms, providing substantial benefits across the board.

The Challenge of Sourcing Data

SetSquare Capital set out to do something they assumed would be a simple task. They needed to locate information relating to crucial telecommunication infrastructure in the United States. This data had a pivotal impact on an upcoming project they were planning, and the lack of this data became a bit of a bottleneck.

They turned to Google as a first step and before beginning their search, had already hit their first snag. What was the correct keyword or phrase they should be searching for? Does Google even have access to detailed descriptions of infrastructure datasets? Looking for “infrastructure data” returned a broad array of useless and generic results, including statistics for academia and simple definitions of the term. In short, this is not what they were looking for.

They tried to refine their search but ran up against the same challenge time and time again. None of the search results were even close to helping them find the information they desperately needed. Why was this search so difficult? The landscape of data providers is a segmented and convoluted arena with a huge array of data providers, typically targeted towards specific industries. But there is no reliable place to search for data that businesses can access to find what they need fast.  

So, SetSquare decided to take matters into their own hands. They decided the best path forward would be to directly call the companies who would individually have the local infrastructure information they were seeking. The list was long, but they were undeterred, and so the calling process began.

Hours of hunting down and dialing phone numbers, waiting on hold, or talking to individuals who were less than helpful turned into days. Even if an interaction promised potential answers, it often led to further confusion or outdated information. The realization that this process would not be fast enough for their project launch became painfully apparent.  

Sach Divecha of SetSquare Capital, vividly recalls the inefficiencies of their data sourcing methods. “We were spending countless hours calling folks and searching online for infrastructure data. The process was not only frustrating but also extremely inefficient. Every piece of data felt like it was hidden behind a wall, and it was clear that we were not going to get what we needed in time.”

For SetSquare Capital the stakes were high. The inability to access reliable data quickly meant delays. The firm's data sourcing woes were compounded by the sheer volume of information they needed to locate. With data spanning various regions and involving numerous data points, the team found themselves overwhelmed by the task of searching for it all.  

Recognizing that their methods were not going to work, SetSquare began to look for a solution that could simplify & expedite their data acquisition process. Luckily, this search led them to Nomad Data, a platform designed to address the very challenges they were facing.

The Nomad Data Solution

Nomad Data offered a streamlined, centralized solution for sourcing the data essential to their investment firm, drastically simplifying what had previously been a complex and fragmented process. The impact was immediate. On the very first day of using Nomad Data, SetSquare Capital was able to locate the specific data they had been struggling to find. What had once taken weeks of fruitless searching was accomplished in hours.

"The day we switched to Nomad Data, we were amazed at how quickly we could find the data we needed," Divecha recalls. "Within what felt like seconds, we had the detailed information that had eluded us for weeks. It was a breakthrough moment."

With Nomad Data, SetSquare Capital was able to proceed with their project without further delays. The platform's user-friendly interface and efficient data sourcing capabilities allowed them to focus on analyzing the data and making informed decisions, rather than getting bogged down in the arduous process of data acquisition.

The Benefits of Nomad Data for Investment Firms

For SetSquare Capital, the shift to Nomad Data brought significant benefits. The platform not only saved them time, but it also ultimately reduced costs. The efficiency gains were substantial, allowing them to reallocate resources more strategically. "Simply put, Nomad Data saved us time and money," Divecha emphasizes. "We signed up, paid with a credit card, and were immediately able to access the platform. The process was seamless and fast."

Nomad Data's intuitive design made it accessible to use, even for users without any data expertise. "I'm not a data expert, but Nomad Data made me feel like one," Divecha adds.

Given their positive experience, SetSquare Capital highly recommends Nomad Data to other investment firms and financial institutions. The platform's ability to deliver quick, reliable access to data has proven invaluable, making it a must-have tool for any firm looking to streamline its data sourcing process.  

"If you're looking for data, Nomad Data is a game-changer," Divecha concludes. "It's an essential resource for anyone who needs quick, reliable access to data without the usual hassle."

Start transforming your data sourcing today with Nomad Data.