AlphaSense vs. Bloomberg

When conducting research or analysis on a particular topic or company, it is important to understand the frequency of and context in which the search term appears across content sources in a given time period. With Bloomberg Terminal, you might get thousands of search results for your query, but there is no way to quickly see patterns or to understand how the results have shifted over time.

With AlphaSense, however, each user search generates a document trend analysis — a visualization of how often a keyword, company, or topic is being mentioned across content sources on the platform over a given time period.

It’s a simple but powerful way to understand when trends are accelerating or waning and evaluate their relevance over time. Document trend analyses can also be sorted by content type for a more detailed understanding of how a topic is being discussed, and by whom.

Unlike other generative AI (genAI) tools that are focused on consumer users and trained on publicly available content across the web, AlphaSense takes an entirely different approach. As a platform purpose-built to drive the world’s biggest business and financial decisions, our newest Smart Summaries™ feature leverages our 10+ years of AI tech development and draws from a curated collection of high-quality business content.

With Smart Summaries™, you can glean instant earnings insights—reducing time spent on research during earnings season, quickly capture company outlook, and generate an expert-approved SWOT analysis straight from former competitors, partners, and employees.

Meanwhile, Bloomberg's generative AI feature BloombergGPT is reportedly only able to replace company names with stock tickers and assess document headlines to gain insight into a company's financial outlook.

AlphaSense vs Bloomberg Content Comparison

In market research, the more diversified content sources you have access to, the better and more accurate your insights will be. Both Bloomberg Terminal and AlphaSense provide access to company filings, documents, broker research, and internal content, AlphaSense offers access to two curated content libraries you won’t find on any other intelligence platform – Expert Insights and Wall Street Insights.

AlphaSense Expert Insights provides first-hand insight from one-on-one calls with former executives, competitors, customers, and other key stakeholders. It gives users a true insider’s perspective on companies, trends, and industries important to their research.

Wall Street Insights is a centralized, indexed, searchable library of insights that provides access to the world’s leading equity research, with insights from top analysts in the field, such as exclusive reports from Morgan Stanley. Bloomberg Terminal simply cannot compete with the content sets available through AlphaSense.

Bloomberg’s research solution started out as a physical terminal, and the modern-day interface poses a steep learning curve for new users, as it is not particularly user-friendly or intuitive. Additionally, many users have to share access to the terminal, which requires them to take turns using it because the tool is housed on a particular computer.

In contrast, the AlphaSense platform is accessed through the cloud, making it easy to collaborate and work in various locations. That’s why AlphaSense has consistently been rated highly for its seamless UX interface, intuitive features, and fast learning curve — easily accessible for all users any time, from any device.

The power of a research tool like AlphaSense or Bloomberg lies in its ability to integrate with your larger systems and processes. AlphaSense provides easy integration with commonly-used programs that Bloomberg does not — including OneNote, Sharepoint, and Evernote.

Integrations are key in improving your team’s workflow in a secure and automated way, and AlphaSense Integrations are powered by AI and help capture what others easily miss. With integrations, you can easily search across all internal and external content to find key insights, as well as collaborate with team members to share those insights and amplify team productivity.

Financial services firms use AlphaSense to make investment decisions with speed, accuracy, and confidence.

With access to exclusive content resources (such as broker research and company call transcripts), AlphaSense users have an insider perspective on competitors and market trends — meaning they stay ahead of the pack when it comes to smart investment strategies.

High-value investment research applications include:

• Asset Management - Pinpoint critical company metrics by analyzing earnings reports.
• Alpha Generation- Find and capitalize on opportunities faster with AI.
• Equity Research - Accelerate due diligence with Smart Search and trend analysis.
• Venture Capital Auditing - Aggregate financial metrics across public and private competitors to validate target companies.
• Sell-side Research- Accelerate earnings and company analysis by recognizing sentiment shifts and important market events earlier.

“I look for niche topics (i.e. ‘turkey refrigerator and penetration’). For that example, AlphaSense pulled 8 results that Bloomberg missed. I love the speed and accuracy, plus it’s greater for idea generation.”

— Portfolio Manager, Major European Institutional Asset Manager

Wall Street Research, once considered exclusive to the financial services industry, is now used by corporations to plan and execute smart market intelligence strategies that give them an edge over competitors.

Corporations maximize revenue potential AlphaSense through:

• Strategic Planning- Identify growth opportunities with insight from top analysts.
• Competitive Intelligence - Maintain a clear understanding of the competitive landscape and monitor specific competitor performance as needed.
• Trend Tracking- Stay ahead of emerging trends to capitalize on revenue opportunities.
• Market Monitoring - Confidently navigate market shifts by being first to know about important news and updates.

Earnings season has always been demanding, and advancements in technology have leveled up expectations for speed, accuracy, and real-time insight. IR teams use AlphaSense to keep pace with industry demands, all while delivering exceptional reports to stakeholders and executives.

AlphaSense helps IR teams to:

• Maintain Continuity- Easily access and scan previous earnings call transcripts and other company documents to maintain consistent narratives quarter over quarter.
• Monitor Sentiment Shifts- Recognize significant sentiment changes when they occur and frame them in the most effective way to stakeholders.
• Track Trends- Monitor market trends and understand how they impact your business.
• Prepare for Presentations and Earnings Calls- Never miss an important insight and be prepared for every potential stakeholder question.

“The time saved by using AlphaSense is enormous. It easily saves us several hours a week. Requested information can be prepared in a timely, precise and efficient manner. For our daily work, this is essential.”

— Michael Otto, Director of Investor Relations and Sustainability

There’s no doubt that Bloomberg offers an extensive set of features — but it’s also one of the most expensive options on the market, priced at about $30,000 annually per user, according to Investopedia. Additionally, the Bloomberg offering is highly bundled, which means you could be paying for features you don’t need or aren’t using.

As an AlphaSense user, you get access to smarter features and a more comprehensive, diverse content library at a more reasonable, affordable price (since you pay by seat or by enterprise). Contact us for more information on pricing options.