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Industries of the future in Rostock - What does the future hold for Rostock?

05/05/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Rostock has become an important location for future technologies and industries in recent years. Here are some of the most promising industries and technologies that could continue to grow and expand in Rostock in the future:

Maritime technologies: Rostock has a long tradition in shipbuilding and maritime industries. In the future, new technologies such as autonomous ships, renewable energies at sea and the digitalization of logistics could drive the industry forward. Here, innovative start-ups and established companies could benefit equally.

Biotechnology and Life Sciences: The University of Rostock is an important research institution for biotechnology and life sciences. There is great potential in this area for the development of new therapies and diagnostics, as well as for the use of biotechnology in agriculture and environmental technology.

Renewable energies.

Renewable energies: Rostock is well located on the Baltic Sea, making it an ideal location for the development of renewable energies such as wind power and solar energy. There are already several companies here that specialize in the production of wind turbines and the development of offshore wind farms.

Digitalization and IT: Digitalization is a driving force for many industries and Rostock has great potential here for the development of new technologies and applications. Companies in cybersecurity, artificial intelligence and Big Data could grow and expand here.

Health industry: The health industry also has potential in Rostock. Here, companies in the fields of telemedicine, digital health applications and medical devices could benefit from the high quality of the research facilities and the proximity to university hospitals.

Overall, Rostock offers a number of opportunities for growth.

Overall, Rostock offers good conditions as a location for the development of future technologies and industries. The city has a good infrastructure, a strong university, and a supportive city government.

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The startup scene in Rostock - Who is founding and in which area?

05/04/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Rostock has developed a vibrant start-up scene in recent years, which is supported by the university, local initiatives and the city administration.

An important player in Rostock's startup scene is the Rostock Business and Innovation Center (RBIC). The RBIC offers young companies offices, laboratory space and advice. Here, founders can benefit from the expertise of experienced staff and have access to a network of investors and business partners.

Another important initiative is the Rostock Start-up Slam, an event where young founders can present their business ideas and receive feedback from a jury of experts and the audience. Here, young start-ups have the opportunity to present themselves to a broad audience and make contacts.

The University of Rostock also plays an important role in the start-up scene. The university offers support and advice to students and graduates who want to start a business. There are also special courses and workshops that deal with the topics of founding and entrepreneurship.

An example of a successful start-up from Rostock is the company Centogene. The company was founded in 2006 and specializes in the diagnosis of rare diseases. Centogene is headquartered in Rostock and now has subsidiaries in several countries.

Overall, Rostock has an emerging startup scene that benefits from a good infrastructure, a strong university and a supportive city government. The city offers a good environment for young companies and thus contributes to the economic development of the region.

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Customer acquisition in B2B: the most common problems and how to solve them

05/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Customer acquisition in B2B is a complex matter and can be challenging for many companies. Here are some of the most common issues B2B vendors face and how to solve them:

Unclear target audience

A common problem with B2B customer acquisition is an unclear target audience. Companies often struggle to define their target audience and align their marketing and sales activities with it. This leads to ineffective campaigns and low ROI.

Solution: Companies should precisely define their target group and align their marketing and sales activities accordingly. This includes developing buyer personas, describing the ideal customer, analyzing the market and conducting market research.

Lack of lead qualification

Another common problem is the lack of lead qualification. Companies often have many leads, but only a few are actually ready to buy or establish a business relationship. This leads to an ineffective sales process and low ROI.

Solution: companies should ensure they qualify their leads before passing them on to sales. This includes verifying contact information, identifying decision makers, and assessing leads' interest and readiness to buy.

Lack of personalization

Another common problem is the lack of personalization in marketing and sales activities. Companies often use generic approaches to target potential customers, resulting in low relevance and response rates.

Solution: Companies should ensure that they personalize their marketing and sales activities to address the needs and interests of their potential customers. This includes the use of personalized emails, targeted advertising campaigns and a customized approach.

Lack of follow-up processes

Another common problem is the lack of lead follow-up and customer relationship management. Companies often lose touch with potential customers and existing customers, resulting in a loss of business opportunities and customer loyalty.

Solution: companies should ensure they have follow-up processes in place to nurture potential customers and strengthen existing customer relationships. This includes using CRM systems, scheduling follow-up activities, and communicating with customers and prospects on a regular basis.

Conclusion:

Customer acquisition in B2B can be challenging, but with a clear target audience definition, qualified leads, personalized marketing and sales activities, and a well-designed follow-up process, companies can improve their customer acquisition and drive business growth. By identifying and addressing these common issues, B2B vendors can optimize their marketing and sales strategies and achieve more successful results.

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ChatGPT in online marketing: How AI chatbots improve customer retention

05/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Chatbots have had a huge impact on online marketing over the past few years. They enable companies to create a personalized experience for their customers while reducing their customer service costs. The advent of ChatGPT (Generative Pre-trained Transformer) has made chatbots even more effective.

ChatGPT is an artificial intelligence technology trained on large amounts of data to simulate human-like interactions. It can also be used to automate and simplify certain tasks. In online marketing, chatbots with ChatGPT technology are used to automate customer service and create personalized experiences for customers.

An advantage of chatbots using ChatGPT technology is that they are able to have natural conversations with customers. They can better understand customers' needs and preferences and provide personalized recommendations and offers based on the data they have collected about the customer. In addition, they can also help the customers to solve problems and help them navigate through the company's website or app.

ChatGPT-based chatbots can also help reduce customer service costs. Because they are able to automatically answer many customer queries, a company can reduce or at least relieve the pressure on its customer support team. This can result in significant savings in labor costs and enable the organization to focus its resources on other areas.

Additionally, ChatGPT-based chatbots can also help increase customer engagement. Because they are able to engage in personalized interactions with customers, they can handle customer queries faster and more effectively than a human customer service representative. This leads to customers feeling that their needs are taken seriously, which in turn can lead to greater loyalty to the brand.

In summary, ChatGPT-based chatbots are a powerful addition to the online marketing toolset. They can help companies create a personalized customer experience, reduce customer service costs, and increase customer engagement. While they cannot completely replace human workers, they can help businesses operate more effectively and efficiently, and ultimately attract and retain more customers.

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What are objections from prospective buyers of PR databases that keep you from buying?

04/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several objections from potential prospects of PR databases that may prevent them from buying. Here are some examples:

Too expensive: Price is often a deciding factor in the purchase decision. If the price of a PR database is perceived to be too high, it may cause potential customers to refrain from purchasing it.

Lack of relevance: Another objection could be that the PR database does not contain the relevant information that the potential customer needs. If the database does not contain the desired information or the data is outdated, the potential customer may not be willing to purchase it.

User-friendliness: The user-friendliness of the PR database is another important factor. If the database is difficult to navigate or use, this may cause potential customers to refrain from purchasing it.

Publicity.

Privacy: Privacy concerns may also cause potential customers to refrain from purchasing a PR database. If the database is not secure and there is a risk that sensitive information may be compromised, potential customers may be hesitant to purchase it.

Public Relations: Privacy concerns may also make potential customers reluctant to purchase a PR database.

Requires special skills: If using the PR database requires special skills that the potential customer does not have, they may be unwilling to buy it.

Inadequate customer support: if the PR database vendor's customer support is inadequate or does not provide assistance in using the database, this may make potential customers unwilling to purchase it.

It is important to address these objections and convince potential customers that PR databases will meet their needs and provide them with value. Effective marketing can help to overcome these objections and convince potential customers that PR databases are the right choice.

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