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 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.”