Customers use generic scores and prediction models to support their decision-making process. Research and studies have shown repeatedly that companies take more efficient decisions and achieve better results if they base their actions on prediction models. Innovative companies take this one step further. They look for personalised scores, which they can implement to further optimise their internal processes.
Prediction models and scores provide an indication of ‘the chance of’, i.e. bankruptcy, defaulting, growth, economic activity, etc. And that is something you can draw as widely as you like. More and more companies look further and investigate how they can compile the ultimate score. A customised score that helps them to take that extra step forward. It gives these companies the option to work even more goal-oriented and efficiently within specific domains.
What are the options?
- Companies link specific internal data elements to data from Graydon to compile a customised score.
- Different companies from the same sector share data to compile a unique score that is shared only between the participating partners.
- Graydon acts as an intermediary between companies that are prepared to share (a specific element from) their database with other players. Graydon provides its knowledge and expertise to compile a customised score that indicates ‘the chance of ...’.
A practical example: leasing - energy
A vehicle leasing company has data about companies that have electric vehicles in their vehicle fleet. Interesting data for an energy company that is looking for places to build electric charging points. This way, the energy company knows where ‘the chance of installing electric charging points’ is highest and most interesting.
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Decide quickly and efficiently based on easily interpretable scores
A wealth of information can be obtained from data. It comes down to collecting, combining and analysing the relevant data and then converting it into valuable insights. Preferably in the form of an easy to interpret score, which makes it possible to make quick and efficient decisions.
Graydon has an enormous database with company information and (predictive) scores. All data can be accessed via APIs in your own systems. Once linked, all departments within your company have immediate access to the most recent data. In short, with Graydon's APIs you can quickly and easily integrate business data and scores into the systems and applications you are familiar with.