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How Experian Uses Data For Good

November 21, 2014 by Hiq Lee

Hiq Lee

 

Hello, I’m Hiq Lee, president of Experian’s Business Information Services, and I’d like to talk to you about how we are using data for good to help companies, large and small, succeed in the marketplace.

At Experian, our group plays a crucial role in the big data ecosystem as an enabler of commerce and insights for the business community at large. We deliver unbiased information on more than 25 million active U.S. businesses, plus our international data capabilities, enable our customers to make more confident decisions on companies overseas.

In 2012, along with Moody’s Analytics, we developed the Small Business Credit Index, which provides a unique perspective on the health of small businesses in the United States. The report contains important trends on bankruptcy rates, delinquencies and overall payment behavior, as well as macro-economic information. This deeper look at the business landscape helps financial institutions and businesses every day to make sound lending decisions, gain key insights on business credit health and prospect for the right customer.

At Experian, we are committed to delivering quality data, and are strategically focused on the innovation of new and advanced products and services that enable businesses to thrive. Whether it’s analyzing millions of business credit transactions to generate industry leading commercial credit scores and business credit reports, or safeguarding and securing millions of records to protect businesses and their customers from fraud, Experian is at the forefront of big data, driving value for our customers the world over.

For Experian’s Business Information Services, using our data for good means constantly innovating and looking for ways to benefit businesses, as well as consumers and the overall economy.

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