Advantages of Similar Companies Lists
A few years ago, determining company similarities was difficult. Imagine hundreds of thousands of businesses where you needed to check each one to determine their comparable traits.
Datafox, however, solves this by streamlining the process. Company similarities are shown in only a few clicks!
In general, similar companies are generated using 3 factors:
- Similar industry keywords: Using alike keywords on company profiles, we look at the prevalence of those keywords on other company profiles:
When the list is shown, you can then narrow down the similar companies by adding more filters (e.g., number of employees, location).
- Sector lists: We publish sector-focused lists (e.g., Top 50 Fintech startups). If multiple companies appear in the same sector-focused list together, that similarity factors in the algorithm:
- News co-mentions: If a news article mentions - for example - Twilio as a competitor to Plivo, Nexmo, and Zang, that factors into the algorithm
Here is a short guide on how to run similar companies on a list:
Now you know how to determine company similarities for improved results.
If you have additional questions, you can reach out to us at firstname.lastname@example.org.