If you’re just getting started with the classification of company data, you might need to read this article to grasp the three crucial use cases of data classification APIs. Continue reading to learn about the top API on the market!
Obtaining information on a firm profile is crucial for a variety of reasons. Making informed investment selections and better comprehending a company’s competitive environment are a couple of these factors. Additionally, it aids in the assessment of a company’s financial standing and business model. It’s an excellent approach to learn about a business’s past.
A data API for website categorization allows programmatic classification of webpages into a predefined set of categories. Applications like content filtering and targeted advertising can both benefit from this.
Data APIs are more flexible than databases because they may be used to access data stored in a variety of locations, including cloud storage, and because they are typically lighter and require less setup than databases. Additionally, because they frequently have simpler interfaces, these APIs are frequently simpler to use than databases.
3 most important use cases of data classification APIs
1. Automated Customer Segmentation: Data classification APIs can help a company segment customer data by automatically categorizing customers based on their behavior, preferences, spending habits, interests, etc. This can help a company better target their marketing efforts, tailor their customer service strategies, and more.
2. Fraud Detection: Data classification APIs can help a company detect patterns of fraudulent activity, enabling them to take swift action.
3. Risk Management: Data classification APIs can help a company identify and classify risk factors in order to accurately assess the risk associated with certain activities. This can help a company better manage potential losses and ensure compliance with regulatory requirements.
We’re going to present you to Klazify, a superb API and the most dependable in the 2022 market, because we know you’re undoubtedly wondering which tool can let you perform all these mentioned things with essentially no work. It user-friendly interface will allow you to work faster than you can even imagine, just by passing a website URL or IP address, you’ll get the JSON response with categories. Check out all its features that we detail below.
Klazify
With the help of its search function, Klazify categorizes websites and businesses based on their areas of specialization. To identify, classify, and compile a list of the top websites on the internet is one of its objectives, with a maximum of three layers.
The Klazify algorithm operates on a scale from 0 to 1, where 0 represents total ambiguity and 1 represents total confidence. The IAB V2 Standard Classification taxonomy is used by this API to receive data from a specific website or URL, classify it into over 385 different categories, and provide one-to-one customization.
In order to provide real-time results and keep an up-to-date database, the web crawlers at Klazify frequently visit and inspect both new and outdated websites. Each API response comprises JSON, which is readable and readily integrated into other systems.