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A Comprehensive Guide to Benchmarking Analysis

Netbasequid

Pretty much any data point can be used as a benchmarking metric. A benchmarking analysis measures your performance in a specific area and compares it against industry standards or competitive performance. Here, we’ll explore how to measure your brand’s success with our comprehensive guide to benchmarking analysis.

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How to Conduct Consumer and Retail Market Research

Alpha Sense BI

The consumer and retail (C&R) industry is evolving rapidly due to a combination of new innovations and technologies, shifts in consumer preferences and behaviors, and macroeconomic events hindering sector growth. To stay competitive in the current economic climate , companies need to conduct comprehensive and efficient market research.

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Performance Benchmarking: 8 Keys for Success

Netbasequid

Performance benchmarking involves tracking a series of metrics that connect back to a brand’s goals for the month, quarter or even the year. Performance benchmarking offers a way to set standards and hold teams accountable with metrics that every brand should have in place in 2022. Consumers are fickle, and so is the market.

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The Role of Competitive Intelligence and Analysis in Marketing

Netbasequid

Competitive intelligence and analysis gives brands an edge. In this article, we will go over how competitive analysis helps businesses, focusing on these points: How your brand, and others, are perceived and why it matters. In 2020, more than 8000 retail locations closed their doors forever. Winning the social media game.

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Acoustic Holiday Benchmark 2020

Acoustic

It was the earliest start to a holiday season ever ; retail stores began to set up for holiday sales the week prior to Halloween (one week to 10 days earlier than in the past). The results we’ve seen so far represent a bright light for retailers eager to enjoy some financial recovery in Q4. What did we learn?

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How Data Analytics can Help you Bolster Your Career Performance?

Smart Data Collective

The analysis helps them understand how the quality of work can be improved and change the present circumstances in the workplace. The top industries that rely heavily on data analytics are Information Technology services, Manufacturing and Retail businesses, and Finance and Insurance companies. Measure employee performance.

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Why Businesses Must Democratize Consumer & Market Intelligence

Netbasequid

In today’s crowded market, a business must have a thorough understanding of its industry, consumers, trends and a number of other competitive indicators. And with the rate of change accelerating, combined with constantly shifting priorities, “essential” consumer and market intelligence data sources will continue to rapidly evolve.