"The Network of Record is a data hub that Radius customers can plug their CRM and marketing automation solutions into to share their contact and account data with other customers. Like with Facebook, the more users contribute to the platform, the more valuable the Network of Record becomes. Darian Shirazi, CEO of Radius says companies can negotiate what kind of data they contribute to the platform; however, they are required to contribute something.
The Radius Revenue platform then uses this network of data to recommend different audiences its customers should target. It can also use cookie matching to link contacts' business and personal profiles, Shirazi says, and integrate with ad platforms to target decision makers. In addition, Radius announced integrations with Facebook, Google AdWords, Twitter, and data management providers earlier this month to enable more cross-channel targeting for B2Bs.
But why would companies want to share their precious data with others, anyway? For one thing, Shirazi says the Network of Record can improve data accuracy by cross-referencing and validating customers' data points with others'. And with multiple customers contributing to the network, he adds, information is constantly updated. He also says that customers can't detect which data elements came from which companies and that those paying for the Radius Revenue platform automatically get access to the built-in Network of Record."
Why important?: Radius has cracked the code for F2000 companies, as it takes the Data.com model and turns it upside down.
RYZZ is coming. It’s a new approach to MarTech for B2B Marketers.
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