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Competitive Benchmarking: A Strategic Guide

TBR

What Is Competitive Benchmarking? Competitive benchmarking uses qualitative and quantitative data to rank IT vendors against their peers. Competitive benchmarking is a tool that TBR has been providing to leading IT vendors for nearly 20 years.

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Re-Tooling Your Way to a More Efficient Enterprise

CIO

This can create knowledge gaps where leadership thinks a system is performing fine. After re-tooling, it’s crucial to test the current performance against the previous performance to establish benchmarks. This creates a situation where there is no benchmark, and the business may run into the same challenges as they had before.

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The AI continuum

CIO

AI Options From a high-level standpoint, here are the AI options: Generative AI: The state of the art Current generative AI leaders, OpenAI ChatGPT, Meta Llama2, and Adobe Firefly, use LLMs to produce immediate value for knowledge workers, creatives, and business operations. Model sizes: ~5 billion to >1 trillion parameters.

Algorithm 689
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IT Service Vendors Shift Focus to Operational Efficiency and GenAI Investments Amid Economic Uncertainty

TBR

According to TBR’s IT Services Vendor Benchmark, year-to-year revenue growth for the 31 vendors decelerated from 13.8% in 1Q19 and 8.6% in 1Q22 to 2.1% In response to these headwinds, Deloitte, IBM Consulting and Infosys are slowing their hiring pace and focusing on reskilling and upskilling existing professionals.

IT 162
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3 Ways to Develop Market Intelligence to Benchmark Against the Competition Digitally

Cleverx

The goal of a competitive analysis is to monitor a competitor’s strategies; and benchmarking takes it one step further by following the activities of market leaders, gathering metrics, and then comparing the results against a company’s performance over time. Using a Competitor’s Performance to Benchmark Your Business.

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Competitive Intelligence: Hype or Necessity?

mention

Think of tactical intelligence as giving decision-makers the ability to capitalize on current opportunities and even redirect resources to support current initiatives. Benchmarking your position compared to leaders in your industry can be beneficial to your competitive intelligence analysis. Here are the tools we recommend.

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12 Top Market Intelligence Tools for Go-to-Market Teams

Zoominfo

Whether it’s identifying emerging market trends, analyzing consumer sentiment, or predicting future demand, market intelligence software equips businesses with the knowledge they need to make informed decisions and stay ahead of the curve.