Trade Area Analysis For Industries and Manufacturers
Trade areas refer to geographic locations that attract visitors and vendors. Trade area analysis (TAA) consists of sizing up these geographic locations to determine if they offer profitable growth opportunities for businesses in those areas. Think of trade area analysis as a way to better understand trade activity at a particular location. For instance, it helps […]
Roadmap to Successful Digital Transformation in the Supply Chain Industry
According to a Gartner survey, 61% of people believe that utilizing the latest technologies is critical to gaining a competitive advantage in supply chains and that emerging technologies should be invested in. Supply chain management includes managing assets and helping in decision-making. Technology can change the future of the supply chain, and in this guide, we’ll go over it in detail. For […]
Due-Diligence and Risk Assessment in Supply Chain Management
Effective risk management and due diligence should be the top priority for any top organization. Supply chain management has become crucial to companies’ overall risk management process. Supply chains are complex and long, and many third parties are involved. A large supply chain means more risks ranging from legal, reputational, and regulatory to logistical and cybersecurity. […]
Customer Data Analysis: How Customer Data Analysis Increases ROI
As consumer behavior continues to evolve, companies must keep up with the constantly changing preferences of their customers to remain competitive in their industries. Decision-makers have realized that the unpredictable market conditions and the looming possibility of a recession have prompted consumers to prioritize spending only on necessities and to seek more efficient shopping options, […]
How Data Science Solves Real Business Problems
Data science is often viewed as an overload of statistical information about specific fields or topics. While it certainly combines mathematical concepts and analytical tools, it’s also an effective resource for solving business problems. Business owners can apply the latest data science techniques and tools to gain valuable insights, make better decisions, and predict future […]
Big Data in Automotive: 3 Ways To Make The Most Of It
Big Data is integral for automotive companies’ success. As the automotive industry continues to evolve, it also has to face challenges related to globalization, market volatility and competition, and cost pressure. Big data analytics solutions help automotive companies address these challenges through sophisticated analysis of a vast amount of quantitative, qualitative, structured, and unstructured data to identify […]
Predictive Analytics In Healthcare: 4 Examples and Risks
As the analytics field continues to advance, we see more and more industries leveraging the opportunities it presents. Healthcare organizations are now hiring data analytics or data science service providers who can help them find solutions that will reduce costs, find tailored treatments for patients, and protect data assets. So, how can predictive analytics models contribute […]
How to profile a company using Trade Area Analysis?
In our industrial trade area analysis guide, we explained how the analysis of enriched industrial POIs (Points of Interests) can provide detailed information about each company within an area regarding its supply chain and business structure. In this article we´ll cover the following topics: Is a company a possible ally or a threat? The importance […]
How Can Customer Analytics Benefit Your Company- Infograph
Customer analytics in today’s era has become very vital for companies across the world. This infograph explores the ways Customer Analytics can be of benefit to your company.
Understanding Trade Area Analysis With Real Examples (Guide)
Recently, companies have been looking to understand if their sales points, offices, subsidiaries, and warehouses will succeed or fail in a particular location area even before placing them. Of course, many factors need to be considered. Some can be easily identifiable, like a competitor’s presence. Others, not so much, like the cross-company relationships between businesses […]