What is meant by Vendor Added Value?

Vendor Added Value refers to the additional benefits that a vendor provides beyond just the basic products or services they offer. This can include enhancements such as normalization of data, which helps in standardizing information for better comparability and analysis, as well as providing commentary that offers insights or context that might not be readily available from the raw data alone.

This distinction is crucial in the financial information sector, where the quality and usability of data can significantly affect decision-making. Normalization ensures that data from different sources can be compared effectively, while commentary adds a layer of interpretation that can guide users in understanding the implications of that data. These added layers enhance the overall value of the vendor’s offering, making it more useful for clients.

The other choices do not encapsulate the full idea of Vendor Added Value. For instance, simply reducing costs or sharing unmodified data does not contribute additional benefits or insights that drive better decision-making. Additionally, charging a minimal fee for distribution does not inherently add value to the data itself; the value arises from the quality and depth of the information provided.