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IT Hardware Startups Turn to Data Analytics for Market Research

Smart Data Collective

billion on marketing analytics within the next seven years. One of the biggest ways that data analytics is changing marketing is that it can help with marketing research. Startups require a solid foundation founded on extensive market research to flourish in this volatile climate.

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How Startups Can Formulate Data-Driven Marketing Strategies Using AI

Smart Data Collective

This figure is expected to rise sharply in the future as more companies are likely to discover the benefits data-driven marketing affords. Understanding the Benefits of Data-Driven Marketing. You have launched your startup. There are many things for you to do to run and grow your startup.

Startups 312
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Startup Business Plan Guidelines for a Successful Launch

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Let’s go back to the reasons startups fail. Better planning could have mitigated many of the issues — pricing and cost issues, product mistiming, lack of market need, and poor capital management. You will need to conduct extensive market research on your proposed industry to build this section. Financial analysis.

Startups 275
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What is Secondary Market Research?

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Secondary market research involves utilizing preexisting data and insights gathered from various sources in the past. Unlike primary research, which gathers new and original data through surveys or experiments, secondary research relies on already available information. But why is it so important, exactly?

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Share of Voice vs Share of Market in the Era of AI

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SEMrush : SEMrush offers comprehensive SOV analysis for both organic and paid searches. These AI tools can save you countless hours of manual data collection and analysis, providing more accurate and actionable insights. Hootsuite : Offers social media monitoring and SOV analysis across multiple platforms.

Marketing 130
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5 Practical Applications of Big Data for Small Businesses

Smart Data Collective

Market Research for Customer Engagement. Carrying out market research is easier than ever thanks to a combination of public data sources as well as information you harvest through your own internal operations. The post 5 Practical Applications of Big Data for Small Businesses appeared first on SmartData Collective.

Business 336
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Maximize Tax Deductions as a Business Owner with AI

Smart Data Collective

Use AI to Deduct the Right Startup Costs The IRS allows you to deduct certain expenses as startup business costs against any business loans or money you have raised. For the customers that do choose to itemize their taxes, TurboTax uses data analysis and machine learning to identify and recommend deductions, including obscure ones.

Business 283