Keeping track of your competition and the state of your industry is an integral part of operating any business. Traditionally, that information has been termed “market intelligence.” In recent years, the practice of collecting market intelligence has expanded to include analytics that can help you improve your business model and projections. Market intelligence can help you understand your market better to run a more profitable business.
What is market intelligence?
At its core, market intelligence uses multiple sources of information to create a broad picture of your company’s existing market. It assesses your company’s customers, problems, competition and opportunities for