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News / Blog: #monitoring

What is competitor / rival monitoring?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Weather competitor (also called competitor monitoring) is a concept in which companies monitor and compare the activities of their competitors and other affiliated industries to understand how they can improve their own location in the market. This strategy is often used to gain a better understanding of the current market situation and to evaluate a company's competitiveness relative to that of its competitors. Competitor monitoring can include tracking market trends, analyzing pricing strategies, identifying product developments, and more.
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What is market monitoring?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Market monitoring is a systematic process of collecting, analyzing and interpreting information about existing and potential customers as well as about competitors and the market in which they operate. The insights gained from this process can help companies make informed decisions about their strategies and products.
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What is a dashboard?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A dashboard is a user interface that displays important information at a glance. It provides a visual representation of data and is designed to draw attention to key indicators and trends. Dashboards can be designed in a variety of ways, including graphs, charts, maps, or even highly detailed reports. They can be displayed on a web page, in a mobile device, or even on a desktop. Dashboards are very useful for improving the efficiency of a business by monitoring resources and insights that are important to the business.
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What is Strategic Communication?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Strategic communication is a type of communication that is focused on a specific goal and concentrates on the development, implementation and monitoring of a communication strategy. The goal is to achieve a company's goals and objectives by establishing effective communication between the company and its target audiences. This concept is sometimes referred to as "risk management through communication" because it involves identifying, assessing and managing risks by providing clear and unambiguous information and messages to its target audiences.
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What is social media monitoring?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Social media monitoring is a process by which companies monitor content on social media platforms in order to monitor and manage the company's online reputation. This monitoring can be used to gather information about people's feelings and opinions, as well as to understand how well or poorly a particular product or brand is received overall. In addition, companies can use social media monitoring to get a feel for the competition by tracking how competitors portray their brands and products.
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