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Step 2: Gather Data Once the competitors are identified, gather data on their business operations, market strategies, customer feedback, and financial performance. Look into their marketing strategies, sales tactics, customerexperiences, and online presence. Stars 4 Stars 3.5 Stars 4 Stars 3.5
New digital opportunities Business processes visualization. According to a study by the National Association of Realtors , 93% of home buyers used the internet to search for homes in 2020, up from 44% in 2010. This technology ensures minimization of human errors and enhances customerexperience.
As a direct result, less IT support is required to produce reports, trends, visualizations, and insights that facilitate the data decision making process. This is a testament to the importance of online data visualization in decision making. Data driven business decisions make or break companies. The proof is in the numbers.
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