Do you know what your competitors are doing and where they’re headed? Analyzing competitors on a continuous basis, helps a business to gain strategic advantage, determine its weaknesses and identify threats and opportunities. The importance of obtaining sufficient competitive intelligence to gain and maintain a significant competitive edge is well established. The better you understand your competitors, higher are your chances of beating them.
A competitive landscape analysis enables you to:
A typical competitor analysis process comprises of the following steps:
A key source of information and analyses is missing in the standard process – technical data. This data proves to be an indispensable source of competitive intelligence. Technology related information can be used to gauge the present and future activities of the competitors, as well as understand where a specific industry is headed. A competitor analysis using such information can reveal the following:
Analyzing complex technical data for multiple competitors along different dimensions is however an onerous task. The existing methods to study this data and gather insights are laborious and require months of effort by subject matter experts. This makes it too expensive and ineffective for businesses to follow such approaches.
How to track competition in two simple steps?
Tech Tracker not only addresses these issues but also provides a solution that analyzes all technical information and provides you with insights within minutes. The AI-powered Tech Tracker gives you the much-needed competitive intelligence and helps you monitor your competitors on an ongoing basis. Watch the video below to understand how it works.
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Relecura’s forte is its flexibility and adaptability to address specific problems and close-fitting solutions. The basic problem is that innovators are often not able to identify the industrial and commercial significance of their innovation as due diligence takes long days of analyses necessitating a deviation from their regular and familiar activities. And it is a tedious iteration process. The latest custom AI capabilities help you assess the commercial value of innovation and technical due diligence can be automated to yield meaningful and immediate results. The repetitive tasks could be automated, and your time and energy could be devoted to strategic missions.
Management of large Innovation data is costly and labor intensive. Relecura offers AI Powered classification tools for categorizing and organizing data automatically and instantly. Automated Categorization against suitably chosen training documents keeps your innovation portfolio updated and lucidly classified, amenable to instant analyses.
Relecura offers fully automated custom AI solutions to track and explore developments in different technology areas. You can stay updated on the latest developments in different companies and technologies of your interest, which facilitates intelligent decision-making.
Competitive intelligence is a prerequisite for strategic decision making. Relecura provides tools to track the innovation and publication dynamics of your competitors, based on which you can prioritize your innovation initiatives and thus hone up your competitive edge.
Relecura uses white space analysis within its product platform known as the TechTracker, an AI powered tool that provides insights on various technological trends and offers a peep into your competitor’s patent arsenal. Additionally, it helps you keep track of emerging organizations and technologies to help you manage your budgets and investments, optimally.
“Relecura helps us remain innovative by allowing us to see where the competition is playing through the landscaping tools. It lets us see where there are new opportunities and helps us focus in on those areas in an intelligent way.”
“Ralecura helps us ride the crest of innovation wave keeping a competitive edge. It helps us identify the white spaces and where the opportunities are.”
‘Our policy decisions regarding the focus areas of research and investment are being taken based on the insights offered by the custom AI tool, TechTracker, which offers a clear picture about the emerging technologies, companies, and the white spaces on the technology landscape of the key players. This helps us optimize resource utilization and maximize returns,’
‘The Classifier tool, introduced by Relecura, is indeed useful in managing and updating large datasets. After having subscribed to that AI-powered tool, inhouse big data management, and analyses have become easier and hassle-free,’
‘Relecura platform is fueled by the latest technologies and the tools that the platform hosts make our inhouse innovation management smooth and accurate, in addition to being synchronized with the global technology frontline,’
Make faster, better technology decisions with Relecura
Our professional services offer training and support to minimise time-to-value on the Relecura platform and make more timely, confident IP decisions