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BCA drives pricing accuracy with enhanced big data capabilities

BCA’s Data Science team has made significant enhancements to the BCA Market Price valuation tool in a move to drive greater efficiency and insight for its customers.

BCA drives pricing accuracy with enhanced big data capabilities

BCA drives pricing accuracy with enhanced big data capabilities

BCA Market Price is used to set reserve prices that reflect the condition and specification of the vehicle, maximising speed of sale while ensuring that vehicles are sold for a fair price, and the company says its use of the latest statistical methods and the Microsoft Azure Machine Learning Cloud environment provides a greater level of accuracy.

Ben Downe, head of business intelligence, said: “As the scope of the data we capture expands and the sophistication of our machine learning algorithms improves we are seeing significant enhancements in the accuracy of our valuations. We are constantly testing and refining our pricing models to offer greater accuracy for our customers.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.