How is premium data different from free data?
A premium database is usually "better" than its free database equivalents because:
- It is carefully quality-controlled by a person or company to ensure accuracy and consistency and to eliminate gaps and errors. (Correctness)
- It is manually or semi-manually curated and organized by a person or company; this means better documentation, structure, nomenclature and general ease of use. (Organization)
- It is updated immediately when new information becomes available. (Timeliness)
- It offers unique or proprietary data that simply cannot be obtained for free because it is manufactured by a private company and thus not in the public domain. (Uniqueness)
In summary, premium databases on Quandl are of a higher quality than their free equivalents because they are built and continually maintained by domain experts.