New York- Pursuing
Integrity’s mandate of finding and monitoring valuable sources of
information to our clients, we continue to uncover unique gems in the
research field. Our blue diamond this week is The Datamyne (www.thedatamyne.com), an import-export data provider with information solutions suitable for different needs.
Inspired by the import underreporting in some Latin American
countries owing to tax avoidance, The Datamyne was born in 1990
tracking down imports and exports in the region. Since then the firm
has solidly positioned itself as a data provider covering international
trade in all industries in over 40 countries around the world.
Originally based in Uruguay and Argentina, The Datamyne has grown to
serve over 2500 global clients (primarily corporate enterprises),
maintains ISO certification, has established its headquarters in Miami
with satellite offices in other cities in North and South America, and
has extended its coverage to the Americas, Europe, and Asia.
The Datamyne’s data is collected from in-country official agencies
involved in import-export regulation. Bills of lading provide the
company with detailed information in these transactions, allowing them
to report, sometimes more accurately and timely, than official
estimates by in-country authorities. The database incorporates enormous
amounts of data received from the different countries and arranges it
in a way that is suitable for different types of analysis.
“If you were given the official data from each country, you would
not know what to do with it because it comes in huge chunks of
undecipherable information,” said Stuart Bell, Director and Chairman of
Management Committee at The Datamyne. “What we do is put that data in a
format that is both understandable and usable.”
The data collected and cleansed by The Datamyne allows one to
discover microscopic details in a given industry. Based on actual bills
of lading instead of mere estimates, the details that can be uncovered
from their data are exceptionally accurate and granular. Furthermore,
the data has been used to contrast the government data which is
compiled by survey work.
In one report put together by the company using their own data, they
were able to closely examine the US crude oil imports in the recent
past. Thousands of daily data points such as port of origin, country of
origin, quantity, export company name, can be used to reveal accurate
trends in the industry.
Their coverage crosscuts industries and sectors which allows for
customized searches. They currently count on some 500 million records
on international trade –collecting around 90 million records per year.
“We are all about data and we are at a point where the quality and
quantity of our data is truly unique,” said Pablo Milburn, Founder and
CEO.
In the meanwhile, here at Integrity Research, we continue in our
prowl for blue-diamonds in to help our buy-side clients research their
unique ideas.
Posted at 11:59 am by Ronit Bhattacharyya
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