Advantages of Similar Company Lists
A few years ago, determining company similarities was difficult. Imagine hundreds of thousands of businesses where you needed to check each of them 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.
Questions? Feedback? Your Customer Success team is here to help! Give us a shout at email@example.com for help with determining similar companies or any other questions you have.