Osano monitors the data privacy practices of thousands of companies, using a relative scoring system to evaluate vendor performance.
What is Relative Scoring?
Relative scoring means that vendors are ranked in comparison to their peers, rather than against an absolute scale. As privacy practices across the industry improve or decline, a vendor's score adjusts to reflect its standing relative to others.
How Relative Scoring Works
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Improvement Over Time:
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If a vendor ranked highly in June 2017 but didn’t keep pace with industry improvements (like changes made in preparation for GDPR in May 2018), their score could decline over time.
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Industry Shifts:
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Conversely, if many vendors reduce transparency or their privacy practices worsen, a vendor maintaining consistent standards may see their score improve in comparison.
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Why Relative Scoring Matters
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Contextual Insights: Scores are always evaluated within the context of current industry trends, offering a realistic view of where a vendor stands.
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Dynamic Evaluations: As privacy standards evolve, scores adjust accordingly, encouraging vendors to continuously enhance their practices.
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Better Comparisons: This system helps organizations compare vendors more effectively, based on the current privacy landscape.
Relative scoring ensures that evaluations stay relevant, helping you make better-informed decisions about vendor partnerships.