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For example, you can start by researching your industry to identify companies that offer similar products or services. There are various elements of a competitive analysis report : 1) Identifying Competitors: Identify direct and indirect competitors who offer similar products or services and compete for the same target market.
Driving innovation and improvement: Competitor research can inspire innovation by highlighting gaps in the market and opportunities for improvement. Direct and indirect competitors Identifying your direct and indirect competitors is the first step in any competitor research. Need a quote for competitor research?
As resourcing and budgeting considerations remain top of mind for firms, it is also more important than ever to accelerate and centralize research findings and prevent the duplicity of work in order to remain competitive and ahead of the curve. For example, a search for “clean energy” on the AlphaSense platform yields over 1.6
This includes: what prevailing factors (positive and negative) are occurring in a particular industry that are the root cause for driving fluctuations? Maybe an analyst downgraded a company in their latest research report. Perhaps there are recent regulatory statutes impacting an up-and-coming sector.
Established competitor analysis frameworks include: SWOT Analysis – An analysis of your competitors’ strengths, weaknesses, opportunities, and threats. This helps in understanding a competitor’s overall strategic position and potential areas for growth or risk.
Conducting due diligence within the mergers and acquisitions space is the process of independently researching and verifying information on a potential company to ensure that a viable investment is made on behalf of stakeholders. More than ever, investors need the right information and resources to research and validate a potential deal.
Identifying the right solution to implement generative AI (genAI) is crucial for firms to gain the most value and remain competitive. AlphaSense’s task-based approach to genAI is designed specifically for day-to-day investment research tasks and provides greater accuracy, transparency, and context than most LLMs on the market.
Identifying the right tools and methodologies to capture these benefits is critical for firms to gain the most value and remain competitive. The Build vs Buy vs Partner Dilemma In our 2023 State of Gen AI & Market Intelligence report , over 80% of respondents planned to leverage genAI tools in their research heading into 2024.
This requires evaluating competitors’ strategies; identifying strengths, weaknesses, and opportunities; and leveraging insights from the competitive market analysis team or similar teams within the organization. This alignment enhances competitiveness, drives long-term success, and positions IT as a critical enabler of business strategy.
Additionally, organizations are discovering the value of advanced artificial intelligence (AI) search capabilities that filter through the noise to extract the most meaningful insights from data to increase the ROI from your research.
Additionally, organizations are discovering the value of advanced artificial intelligence (AI) search capabilities that filter through the noise to extract the most meaningful insights from data to increase the ROI from your research.
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