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Glossary / Lexicon

What is competitive analysis?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Competitive analysis is a strategic tool that allows companies to monitor, understand and predict the competition in their market. It helps companies identify competitive advantages and strategies by evaluating their competitors in terms of products, prices, marketing strategies, financial strength, and other factors. This enables companies to make better decisions to achieve their strategic goals.
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What is Lead Nurturing

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Lead nurturing is a term used in the context of online marketing. It refers to following and nurturing a potential customer over time to maintain or increase interest in a product or service. Lead nurturing campaigns can often include emails, automated messages, content, and other touchpoints aimed at building a relationship with potential customers and getting them to take a specific action.
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What is Digital Transformation?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Digital transformation is the process by which organizations and businesses use technology to change and modernize. This process enables organizations to leverage the latest trends and technologies to create new opportunities, optimize their processes, and better serve their customers. This includes using technologies such as artificial intelligence, cloud computing, blockchain, Internet of Things, machine learning, and data analytics to automate business processes and increase productivity.
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What is user-generated content?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
User-generated content (UGC) is a type of content that is created and shared by users. This can include blogs, forum posts, reviews, photos, videos, and social media posts. This content is created by users to share their opinions or experiences with others. UGC can be a valuable resource for companies to learn more about their customers and get new ideas for products and services.
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What is brand alignment?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A brand alignment is a strategic process that influences how a company develops and markets a brand. This process can relate to various aspects of brand management, including positioning, product development, communications, advertising and sales. Brand alignment can help a company sharpen its brand identity, improve its brand image, and strengthen customer loyalty.
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