Disadvantages of Marketing Intelligence

1. Expensive Technique: Collecting data with artificial intelligence and machine learning techniques is an expensive method. For utilisation of such techniques, even skilled employees are also required. Therefore, using machine learning and artificial intelligence is more expensive as compared to manual work.

2. Effective only if Customers provide Clear Information: The process of Marketing Intelligence is more effective only if the customers provide clear information and responses. If customers provide false reviews, the companies cannot update or change the features accordingly.

3. Wrong Implementation: False or fake response from customers leads to wrong information. This wrong information leads to the wrong implementation of strategies and techniques. Overall it decreases the profit of the company as well as their position in the market.



Marketing Intelligence : Concept, Significance, Types and Uses

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What is Marketing Intelligence?

Marketing Intelligence is defined as the process of collecting the data of the market in which they want to enter or currently working, with the motive to gain more information about the opportunities in the market and gain more profits. The process of Marketing Intelligence is carried out by organizations and companies to know more about market penetration, market segmentation, new competitors, and market metrics. The Marketing Intelligence process differs from business intelligence. With the help of the Marketing Intelligence process, companies and organizations can make better decisions while entering the market or change their strategies if required. This process helps the companies to stay ahead in the competition as compared to other products and their competitors....

Significance of Marketing Intelligence

Marketing Intelligence plays a vital role in businesses and markets. The business intelligence process mainly focuses on internal factors such as rates and processes whereas Marketing Intelligence focuses on the overall current situation of the market. Below are the importance of Marketing Intelligence:...

Types of Marketing Intelligence

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Uses of Marketing Intelligence

Marketing Intelligence is used for various purposes. It helps the business to understand customer trends, their interests, patterns of purchasing, and their likes and dislikes. Below are the use cases or applications where Marketing Intelligence is used....

Advantages of Marketing Intelligence

1. Real-time Information: The process of Marketing Intelligence helps to gain information about the market in real-time. The trends in the market changes continuously, and according to the customer’s demands and expectations, they move from one product to another. Therefore, it is important to study real-time information that is provided by Marketing Intelligence....

Disadvantages of Marketing Intelligence

1. Expensive Technique: Collecting data with artificial intelligence and machine learning techniques is an expensive method. For utilisation of such techniques, even skilled employees are also required. Therefore, using machine learning and artificial intelligence is more expensive as compared to manual work....

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