Best Practices
What is your Competitive Intelligence use case?
More than ever, Competitive Intelligence is crucial to improve the quality of companies’ decision making.
Managers need to drive innovation and inspire growth throughout the organization. They must be knowledgeable about emerging trends, new technologies, MI best practice and business models.
With emerging technologies changing the face of companies and the way they operate a business, artificial intelligence is the only way to stay ahead of the competition. Data-driven decisions and innovation are not optional anymore.
In this perspective, the role of intelligence teams is becoming more and more prevalent to increase company competitiveness. From now on, being data-driven is the new path for future success.
The Importance Of Intelligence Teams To Power Data-Driven Organizations
An Intelligence Team is required for a company to deliver insights that will support strategic decisions. Intelligence professionals help drive growth, reduce risks and sharpen corporate strategy. By using the measures that matter most to their business, companies save time and focus on the variables that will impact organizations’ performances.
Their goal is to detect trends, prevent threats and opportunities, and understand a business’s background completely, to increase organization’s profitability and growth.
The Increasing Importance Of AI To Power Intelligence Teams
Information overload can lead to data fatigue and decision paralysis : the huge amount of information available, the lack of time and new data arriving every second makes it hard to secure strategic decisions.
Making uninformed decisions is highly risky and it can have a long term negative impact on an organization and its business development strategy.
Artificial Intelligence helps make sense of noisy data and provides relevant insights to assist analytics and business decisions:
AI has the power to
- Model and automate labour intensive tasks to focus on your expertise
- Reach the highest level of precision and accuracy
- Eliminate the noise and filter the information
- Contextualize the key words and research
- Crosscheck the data gathered
- Finally, it also facilitates optimization processes to save time and allow executives to focus on their expertise and human-related tasks.
Because AI can process an enormous amount of data from different sources to generate reports, the decision lag is shorter, and organizations are more competitive.
According to a Forbes analysis, the average Fortune 500 company could save $4.7 million per year with the help of automation. An AI strategy is now unavoidable to remain relevant as a business.
A well-implemented solution can adapt to market changes and optimize a business strategy in a split second. ReportLinker can be the AI-powered wing of the organizations to stay ahead of competitors by anticipating market changes.