Definition: Custom Partners Information refers to the specific and tailored data related to business partners, which can include their contact details, preferences, transaction history, and other relevant information. This information is crucial for businesses to understand their partners' needs, preferences, and behaviors, enabling them to provide personalized services, improve business relationships, and make informed decisions. In the IT sector, this information is often managed and analyzed through Customer Relationship Management (CRM) systems or other similar software, ensuring data privacy and protection in accordance with the General Data Protection Regulation (GDPR). Source: EIRA team Additional information: Custom Partners Information refers to the specific, tailored data related to business partners, which can include suppliers, distributors, customers, or any other entities that a company interacts with in its business operations. This information is typically collected, stored, and managed to facilitate and enhance business relationships, decision-making processes, and strategic planning. The scope of Custom Partners Information can be broad and varied, depending on the nature of the business and its specific needs. It may include basic contact details, such as names, addresses, and phone numbers, as well as more complex data, such as transaction histories, contractual details, performance metrics, and any other information that can provide insights into the partner's behavior, preferences, and capabilities. This information is often used to personalize interactions with partners, improve communication, identify opportunities for collaboration, and mitigate potential risks. It can also be used to inform the development of products and services, the design of marketing campaigns, and the formulation of business strategies. In the context of IT, Custom Partners Information is typically managed using sophisticated software systems, which can automate data collection, ensure data accuracy, facilitate data analysis, and enable secure data sharing. These systems can also support compliance with data protection regulations, by providing mechanisms for data encryption, access control, and audit logging. Moreover, the use of advanced technologies, such as artificial intelligence and machine learning, can enable companies to extract even more value from their Custom Partners Information, by identifying patterns and trends that may not be apparent through manual analysis. This can lead to more accurate predictions, more effective decision-making, and ultimately, a stronger competitive advantage. Example: 1. E-Commerce Platforms: Custom partners information can be used in e-commerce platforms to personalize the shopping experience. For example, based on the customer's previous purchases or browsing history, the platform can suggest products that the customer might be interested in. This can increase customer satisfaction and sales. 2. Customer Relationship Management (CRM): In CRM systems, custom partners information can be used to track interactions with customers, such as emails, calls, meetings, and sales. This information can help businesses understand their customers better and improve their customer service. 3. Supply Chain Management: Custom partners information can be used in supply chain management to track and manage the flow of goods and services. For example, a company can use this information to monitor the performance of its suppliers and make informed decisions about which suppliers to continue working with. 4. Marketing Automation: In marketing automation, custom partners information can be used to segment customers into different groups based on their behavior or characteristics. This can help businesses target their marketing efforts more effectively and increase their return on investment. 5. Business Intelligence: Custom partners information can be used in business intelligence to analyze business operations and make informed decisions. For example, a company can use this information to identify trends, patterns, and insights that can help it improve its business strategies. 6. Data Privacy and Security: In the context of data privacy and security, custom partners information can be used to manage and protect customer data. For example, a company can use this information to ensure that it is complying with data protection regulations and that customer data is being handled in a secure and responsible manner. LOST view: OV-Customs Functional Architecture Principles Identifier: http://data.europa.eu/dr8/egovera/CustomPartnersInformationBusinessObject EIRA traceability: eira:InformationBusinessObject ABB name: egovera:CustomPartnersInformationBusinessObject EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-08-08 dct:identifier: http://data.europa.eu/dr8/egovera/CustomPartnersInformationBusinessObject dct:title: Custom partners Information Information