Competitive analysis is a type of market research. It’s the process of evaluating and understanding the strengths and weaknesses of competitors in your market. It involves gathering and analyzing data on competitors’ products, pricing, marketing strategies, distribution channels, and customer base. ...
The normal distribution is a bell-shaped curve where data clusters symmetrically around the mean, useful in statistics and natural phenomena modeling.
A probability distribution is an indispensable means of coping with reality. It is when sifting through uncertain situations that probability distributions lend themselves to well-saved decisions. Money will be another example: probability distributions work as compasses to slot into the investment land, ...
Competitive analysis is a type ofmarket research. It’s the process of evaluating and understanding the strengths and weaknesses of competitors in your market. It involves gathering and analyzing data on competitors’ products, pricing, marketing strategies, distribution channels, and customer base. Do...
The PESTEL analysis is a framework that can help marketers assess whether macroeconomic factors are affecting an organization. This is a critical step that helps organizations identify potential threats and weaknesses that can be used in other frameworks, such as SWOT, or to gain a broader and ...
A scatter plot is a chart that displays the values of two variables as points. The data for each point is represented by its position on the chart.
Data visualisation refers to the graphical representation of information and data. By using visual elements like charts, graphs, timelines and maps, data visualisation is an accessible way to see and understand trends, outliers, correlations and patterns
The primary aim of computer vision is to replicate or improve on the human visual system using AI algorithms. Computer vision is used in a wide range of applications, from signature identification to medical image analysis to autonomous vehicles. Machine vision, a term often conflated with computer...
easily monitor and maintain assets through their lifecycle — regardless of where that asset is located. This centralization has a ripple effect, too, leading to many other benefits such as better communication, improved transparency, and enhancedRoot Cause Analysis (RCA)and other critical decision-...
In short, distribution channels determine the path goods take from the manufacturer to the final consumer. Thus, they have a direct impact on sales. There are many types, formats, and levels of distribution channels. The first step is to understand each of them. To help you with this task...