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One component of competitive intelligence is having a competitoranalysis template to inform your efforts. A deep level of intelligence on your competitors is necessary to gauge your standing in the market. What is CompetitorAnalysis? Competitoranalysis can change your life. Stay tuned!
Unleashing the power of sales as CI agents When it comes to competitoranalysis and marketresearch, we often overlook the closest source of first-hand competitor insights – our own sales teams. Their direct experiences and diverse viewpoints can provide great insights for your competitoranalysis.
A good competitorresearch project will use many sources to collect as much information as possible about the target competitor. Almost every competitoranalysis relies on all of the sources below to some extent. Competitor websites As a source of information, competitor websites can be hit and miss.
What results to expect: This step enables a clear picture of the market opportunity available to your business that’ll guide what data you’ll clean. How to do it: Conduct marketresearch and data analysis to estimate the number of business professionals and entities that fit the criteria for your offerings.
Leveraging G2’s vast database of authentic user reviews, G2’s interactive dashboard offers continuously updated, real-time data that empowers marketers to make informed decisions based on marketresearch. The platform stands out for its ability to address complex questions about market trends and customer preferences.
Enhanced inventory intelligence helps retailers in loss prevention. Product Research. Marketresearch of products is essential to determine what exactly your customer is looking for. This is done by gathering consumer feedback on products presently available in the market through online ratings and reviews.
Without accurate data, areas of inefficiency go unnoticed for long, leading to effects that compound into great losses. Modern AI-powered consumer and marketresearch tools have this capability baked into the design. Competitoranalysis on three metrics. So, it’s quite involved.
Ideally, your competitor monitoring tool should do most of the heavy lifting so your teams can focus on strategic analysis, planning, and decision-making that drives your business forward. It is consistently ranked as an industry leader by TrustRadius and G2 and was also recognized by Forbes as a Top 50 AI Company in 2023.
AlphaSense also offers an extensive library of marketresearch and expert insights on their website for free, like The Innovator’s Guide to Competitive Intelligence and How to Leverage AI for Competitive Intelligence.
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