A consistent information framework is critical to track competition across the marketplace. In the first article we saw how actionable strategic and competitive information presented through advanced tools help organizations to enable rapid response to issues and its right usage assists in business process optimization. It was a good starting point – however in this article we will see how information sharing in the correct format has a critical impact on an organizational performance.
Access to competitive information and analytics in the most appropriate format assists to:
- Provide and allow role-appropriate access to information & analytics: The competitive information made available at each level should be actionable at that level along with its indirect impact to the overall company goals.
- Make online business information available in easy to use format: Dashboards showing information with the ability to drill into detail, are a highly effective way to present actionable insights. The visual impact and flexible system navigations must reflect priority metrics and decision flows specific for the business, user and its industry.
- Use and give more priority to real-time competitive information: Enable rapid response to issues and to optimize business performance. Alerts can inform users of anomalies that require immediate action. Trend analysis identifies opportunities for innovation, resource reallocation, or strategic redirection.
- Allow users to be creative with their own competitive analytics: Users must be allowed to be creative and participate in making data analysis more appropriate with their own additional analytics. Enable your information workers to be innovative towards trend analysis and social with their business analytics.
- Track competitive information that supports strategic company goals: Providing information that supports the strategic goals of the company in formats and with devices that allow business users to easily analyze this information and share their ideas can have a critical impact on organizational performance.
Web data extraction in the most appropriate format helps companies access their competitive data and analytics in a much extensive way which leads to better operational and tactical benefits. It overall improves the strategic decision making process with a powerful impact on exploring the organizational futuristic competitive goals.
DataCrops web data extraction software:
DataCrops web data extraction software offers Online Market Intelligence, Business Intelligence, Marketing trend analysis along with ERP, CRM integrations. It effectively builds intelligence for organizations by gaining business analytics, competitive intelligence, brand intelligence and ultimately empower resources by automatically extracting data from multiple web sources. It assists in keeping tap on information like product prices, product reviews, price movements and competitor moves in media.
Web sources include, webpages, blogs, deep web, login-protected sites, RSS feeds, social media. The solution enables automated scheduled data delivery to key decision makers with preferred reports via dashboard, email, FTP, integrate with other IT infrastructure.
If you are interested in learning more, check out our website https://www.aruhat.com/datacrops-product-portfolio, and enroll for a product demo by contacting at anil@aruhat.com.
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