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What is competition mapping? How to gain the competitive edge 

ATTEST

The same goes for finding your way in your competitive landscape. Here we’ll talk about approaching competitive analysis a little differently, by using competition mapping. What is competition mapping, and why is it important? It enables you to work in a way that fits the market needs, based on research.

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What is competition mapping? How to gain the competitive edge 

ATTEST

The same goes for finding your way in your competitive landscape. Here we’ll talk about approaching competitive analysis a little differently, by using competition mapping. What is competition mapping, and why is it important? It enables you to work in a way that fits the market needs, based on research.

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InsurTech Market size to grow by USD 61,756.27 million from 2022 to 2027|Need to improve business efficiency to boost the market – Technavio

Wink Intel

Hence, it needs specialized training as well as resources to educate the employees on the use of these advanced technologies. Technavio’s SUBSCRIPTION platform Related Reports: The homeowners insurance market size is estimated to grow by USD 57.01 million Market structure Fragmented YoY growth 2022-2023 (%) 41.01

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What is Hierarchical Clustering and How Can an Organization Use it to Analyze Data?

Elegant BI

This type of analysis can be applied to segment customers by purchase history, segment users by the types of activities they perform on websites or applications, to develop consumer profiles based on activities or interests, and to recognize market segments, etc.

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What is the Decision Tree Analysis and How Does it Help a Business to Analyze Data?

Elegant BI

Similarly, regression trees can also be used to identify the market segment, identifying who is more likely to respond to a future mailing. If we want to predict the purchase amount by each customer, regression trees are useful. Here the target variable would be the purchase amount.