How can AI help in competitive analysis?
AI can analyze vast amounts of data to identify market trends, competitor strategies, and consumer behavior.
What specific tools or techniques should I use for this?
You can use tools like natural language processing for sentiment analysis, and machine learning algorithms for predictive analytics.
Can you give me an example of a successful case study?
Sure! One example is how Company X used AI to analyze competitor pricing strategies, leading to a 20% increase in market share.
What are the limitations of using AI in this context?
Limitations include data quality issues, the need for human oversight, and potential biases in AI algorithms.
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