Business ownership data indicates which person or entity owns a business and the course of action that brought them the ownership. For example, if they started the company or acquired it. The details about the owner, including gender, age, and professional credentials, can also be part of this data.
Business ownership data establishes if the business is owned by one person, different persons, a single entity, or multiple parties. Additional information includes the owners of the owning entities, company name and address, and the description of the business.
The majority of the business ownership data comes from surveys of business owners. It can also be from information companies publish in the public domain, company website, or social media channels. The details about the business owners can come from various available sources such as their individual websites or social media pages.
Business ownership data attributes include standard information about the business owners, name, gender, age, education, and professional credentials.
The data is often refined into different business categories to help compare owners of businesses specializing in similar fields. Some of the data may also offer reports on women-owned or ethnic-minority-owned businesses.
The data often comes from surveys and can be outdated. Your vendors must provide datasets updated regularly and reflecting all the changes to ownership. Historical ownership records are equally important to see the changes in ownership over time, assess possible reasons for the changes, and compare with other businesses operating in a similar field.
To test the quality of the data:
A key use of this type of data is to validate the existence of a business and the identity of its owners. Another major use is for private equity (PE) risk analysis and management.
It can also be used for a broad overview of business owners involved in a similar field to compare businesses and business demographics. Organizations analyzing different verticals use the data data to categorize and compare companies on a multitude of attributes.
Business ownership data can augment various other categories of data, such as business registry data, for KYC and due diligence. Fraud investigators sometimes use this data for their research and analysis.
Business ownership data is used for verifying businesses and analyzing ownership demographics. It data can be obsolete if sourced from old surveys. You also need to ensure that it aligns with your requirements and is privacy-compliant.
Common challenges that arise when buying the data are timeliness, compliance, and source credibility.
Research and evaluation of vendors will help you overcome these challenges and choose the right one. You can also start with a small sample and assess if it matches your requirements.
Business Ownership Data is similar to B2B Contact Data, B2B Leads Data, B2B Market Data, Firmographic Data, Technographic Data, and Business Registry Data. It can be used in conjunction with B2B Intent Data for marketing activities and Job Postings Data for hiring research.
You can find a variety of examples of B2B and company data in the Explorium Data Gallery
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The most common use case for this type of data is to verify that a company exists and that it is owned by real persons or entities. This data is also used for PE risk analysis and due diligence. Key use cases for business ownership data are listed below.
You can use business ownership data to power a wide variety of machine learning use cases. Consider lending application fraud risk and small business loans default risk.
Explore all the use cases listed on our site and contact us for your specific requirements.
Various industries make use of business ownership data to compare businesses and business demographics. Some industries utilizing this data are manufacturing, hi-tech, eCommerce, retail, consumer goods (CPG), financial services, and insurance.
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