Competitive analysis
Analyzing business intelligence data on competitive analysis insights like competitor engagement, follower growth and content strategies helps businesses understand what’s going well for their competitors and lithuania b2b leads identify opportunities to refine their social media strategies. For example, if a BI competitive report shows you that a competitor’s video content has been doing exceptionally well lately, you might consider incorporating more video content into your social media strategy.
Business intelligence tools make it easier but synthesizing data from different sources into one accessible dashboard or report isn’t so simple. Understanding all that information and ensuring the data is accurate, relevant and helpful is also tough.
Whether you’re already using business intelligence tools in your organization or getting ready to implement a solution, here are some common challenges you might encounter.
Business intelligence reporting challenges
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