Identifying Competitors of Companies
Some embodiments provide a method for identifying competitors of a particular company. The method identifies a set of potential competitors of a particular company. For each potential competitors, the method calculates a score quantifying the competitive relationship of the potential competitor to the particular company. When the calculated score is above a particular threshold, the method associates the potential competitor as a competitor of the particular company.
1 . A machine-implemented method comprising:
identifying a set of potential competitors of a particular company; and
for each potential competitor:
calculating a score quantifying the competitive relationship of the potential competitor to the particular company; and
when the calculated score is above a particular threshold, associating the potential competitor as a competitor of the particular company.
2 . The method of claim 1 , wherein the set of potential competitors are automatically identified based on a set of business lines in which the particular company operates.
3 . The method of claim 1 , wherein the score for a particular competitor is based on a number of business lines in which the particular company and the particular competitor both operate.
4 . The method of claim 3 , wherein the score for a particular competitor is further based on a number of business lines in which the particular company operates.
5 . The method of claim 3 , wherein the score for a particular competitor is further based on a relative importance of the business lines in which the particular company and the particular competitor both operate.
6 . The method of claim 1 , wherein the score for a particular competitor is based on a number of documents classified as relevant to both the particular company and the particular competitor.
7 . The method of claim 1 , wherein the particular threshold is based on the particular company.
8 . The method of claim 7 , wherein the particular threshold is based on a number of business lines in which the particular company operates.
9 . The method of claim 8 , wherein the particular threshold increases as the number of business lines in which the particular company operates increases.
10 . The method of claim 7 , wherein the particular threshold is based on the size of the set of potential competitors.
11 . The method of claim 1 further comprising ordering the associated competitors based on the calculated scores for the competitors.
12 . The method of claim 1 , wherein the particular company is a first company, the method further comprising:
identifying a set of potential competitors of a second company; and
for each potential competitor of the second company:
calculating a score quantifying the competitive relationship of the potential competitor to the second company; and
when the calculated score is above a particular threshold, associating the potential competitor as a competitor of the second company.
13 . The method of claim 12 , wherein the second company is associated as a competitor of the first company and the first company is not associated as a competitor of the second company.
14 . The method of claim 13 , wherein the second company is a larger company than the first company.
15 . A system for identifying competitors of a particular company, the system comprising:
a storage for storing a data structure for the particular company, the data structure comprising information about a set of business lines in which the company operates;
a module for identifying a set of potential competitors for the particular company;
a competitive analysis engine for calculating a score for each of the potential competitors, the score for a particular potential competitor quantifying the competitive relationship of the particular company with the particular potential competitor;
an associator module for storing potential competitors for which the score is above a particular threshold as competitors of the particular company in the data structure for the company.
16 . The system of claim 15 , wherein the associator module is further for ordering the potential competitors in the data structure based on the scores.
17 . The system of claim 15 , wherein the competitive analysis engine is further for determining whether the score for each of the potential competitors is above the particular threshold for the particular company.
18 . A machine readable medium storing a program for execution by at least one processor, the program comprising sets of instructions for:
identifying a set of potential competitors of a particular company; and
for each potential competitor:
calculating a score quantifying the competitive relationship of the potential competitor to the particular company; and
when the calculated score is above a particular threshold, associating the potential competitor as a competitor of the particular company.