A Fresh Perspective
April 9th, 2008 by Jim Swift
I don’t think anyone can argue that the world needs better insights into the traits and behavior of businesses. What does this company do? Will they buy our products and services? How much could they buy? What do our best customers look like? How can we get them to buy more? Should we extend them credit? Will they pay us promptly?
These are some of the crucial questions that companies struggle with every day. To analyze large companies, especially public ones, it’s relatively easy to acquire current and accurate answers to these questions. There’s one big problem, though. The vast majority of companies we interact with are small and private. Finding information and making decisions about them is far more difficult.
Google and other “free Internet” data sources have unleashed incredible breakthroughs in the availability of information. They have broken many old school philosophies and reminded us once again that convenience and accessibility are what the information age is all about. Tons of information is now available to the masses for free at the click of a Search button.
Taking the time to sift through the free Internet is often tolerable for consumers but businesses normally need a higher level of structure and distillation of information to fully support high-volume, time-sensitive business processes. Manually searching and analyzing a pile of data doesn’t scale well.
To address this issue of quality and structure, companies have typically turned to traditional business information providers. The problem is that these providers continue to treat information like a scarce resource and demand high prices for access to it. They aren’t keeping up with the explosion of data availability or the flexible new technologies for accessing that data. People looking for information are increasingly accustomed to getting what they want for free or nearly free. They want more of the right information for less, not the other way around. The days of “I have the data and you must pay me a lot to see it” are going fast.
Information wants to be free. The good stuff - the dirt, skinny, scoop, lowdown and what’s what - always finds a way to make the rounds. Sometimes it’s readily available but most times the valuable insights are found within obscured information such as trends, events and interactions. And new data sources are emerging at a rapid pace. There is more data available electronically every day. Computers are getting faster every day. Storage is cheaper every day. With all this innovation in the air, you should be able to get the skinny on businesses fast, cheap and right when you need it.
Cortera’s mission is to bring the power of new data and technologies to find answers to the questions businesses face in new and better ways and at compelling prices. That means more information, better organized information, analytics to pull the value from the ever-growing gobs of data and great applications to improve your business processes.
That’s what Cortera is all about. We look forward to changing the world with you.

