From the course: Data Science Foundations: Fundamentals

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Data vendors

Data vendors

From the course: Data Science Foundations: Fundamentals

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Data vendors

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- [Instructor] When a dentist buys or sells their practice, the office location and the technical equipment is often included, but the real value comes in getting the accumulated list of customers, the patients, and hopefully their continued patronage. After all, everybody knows that the hardest part of any business is building your customer base. And that is where data vendors come in for data science. Now, a data vendor is a third party organization that sells data. They can give you very detailed data. And there are several advantages to working with data vendors. Number one is the volume of data they have and the variety. You could potentially get data on millions of people and the variety, you could get tens of thousands of different indicators. There is so much data that's out there. And many of these organizations, they put it together and are packaging it in a way, they make it very quick and easy, relatively…

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