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Taking an active approach to monitoring your competitors gives you a competitive advantage, ensuring you stay ahead in your industry. Evaluate Analytics and Insights: Consider the analytical capabilities of the competitiveintelligence software.
This not only improves sales performance but also reinforces the company’s competitivepositioning in the market. AI can also be used for predictiveanalytics—using historical data and patterns to predict how competitors will behave or how the market will move in the future.
The next step is to blend this understanding with technology-driven innovation to create new revenue streams, strengthen the companys competitiveposition, and leapfrog the competition. In healthcare, predictiveanalytics could be used to improve patient outcomes while reducing costs.
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