As global corporate organisations grow ever more complex and automation increasingly influences how business relationships evolve, the need for universally accessible non-proprietary data on corporate legal entities becomes more acute.
For the past 50 years, companies, regulators, investigators and journalists have mostly used ‘Black Box’ data - data that is opaque, not well defined, uses proprietary identifiers, and has poor data quality feedback loops. But continued reliance on this data could put a firm out of business within five years, according to a new report by OpenCorporates.
I’ve joined the OpenCorporates team as an Account Executive. I will be working to support and grow OpenCorporates’ clients and partnerships to support the public mission as much as possible.
Following on from the recent partnership announcement with LexisNexis, OpenCorporates Co-founder and CEO, Chris Taggart, explains how legal entity data can fuel big data initiatives that provide business insights, support transparency, and benefit society as a whole.