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Furthermore, we find that when analysts report drawing from alternative data they generate more accurate earnings forecasts, and their brokerages subsequently receive higher amounts in trading commissions from investors, suggesting that investors value the adoption of alternative data by analysts. <\/jats:p><jats:p> This paper was accepted by Kay Gieseke, finance. <\/jats:p><jats:p> Funding: This research is supported by NTU-Singapore under its startup grant program. <\/jats:p><jats:p> Supplemental Material: The online appendix and data files are available at https:\/\/doi.org\/10.1287\/mnsc.2022.02659 . <\/jats:p>","DOI":"10.1287\/mnsc.2022.02659","type":"journal-article","created":{"date-parts":[[2024,9,17]],"date-time":"2024-09-17T17:43:07Z","timestamp":1726594987000},"page":"4599-4621","source":"Crossref","is-referenced-by-count":27,"title":["The Use and Usefulness of Big Data in Finance: Evidence from Financial Analysts"],"prefix":"10.1287","volume":"71","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-4078-6477","authenticated-orcid":false,"given":"Feng","family":"Chi","sequence":"first","affiliation":[{"name":"Cornell S.C. 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