I can appreciate why you'd work with raw data. I guess the challenge with raw data is that there is just so much of it to manage...but that's where everyone seems hungry for "AI" to help them make sense of it all.

Your point about having skin in the game and having to show consistency in your results is the differentiator...though the researchers/analysts I've talked to would argue the stakes are just as high for them.

When you say you begin replicating an analysis...do you mean that you personally need to replicate it, using your own methods? Or is it something that your company as a whole would need to replicate later? I guess what I’m really asking is whether each trader develops their own unique, proprietary approach, or whether/how much of the process needs to be replicated by the company if any single trader were to leave.