The whole secret lies in confusing the enemy, so that he cannot fathom our real intent.Sun Tzu – The Art of War
With business competition at an all time global due to the rapid evolution of technology and easy access to global markets we look at the business intelligence consultancies out there helping growth companies compete better by understanding their competition better and reaping the benefits.
If you’re not doing it now then be certain one of your rivals is so check out this list and contact the firms on it to start taking the lead.
What is Business Intelligence?
Business intelligence is a field that encompasses all aspects of managing information to support decision-making. It includes everything from data gathering and analysis to providing actionable insights and recommendations.
Business intelligence can help improve the efficiency of business operations, facilitate smarter marketing decisions, and optimize production processes.
What makes Business intelligence so valuable?
Well, it allows companies to gather accurate data about their current status and future prospects in order to make informed decisions that will maximize their profits. In addition, Business intelligence solutions help managers understand customer needs better so they can create more satisfied customers who will be more likely to recommend your company or product.
Lastly, by using analytics toolsets strategically enabled within the infrastructure of your organization’s systems rather than siloed away in separate departments or software suites, you can gain a holistic view of how all parts of your business are related—and how they could work together better if unified under one roof.
Business Intelligence Firms / Business Intelligence Companies List
1. Grey Hawk
Grey Hawk provides intel to enable transactions in unfamiliar markets and with new business partners by investigating unusual threats or suspected corporate wrongdoing and offer support to in-house and external counsel during complex and high-value disputes.
Greyhawk combines the professionalism of a big firm with the flexibility, discretion and independence of a boutique.
Crowe are in our Business intelligence firms guide as they assess an organisation’s financial position, and identify financial risks that could impact the future viability of any commercial relationship.
The financial failure of a key supplier or customer can have a significant negative impact on the operations of a business. Despite this, many companies do not undertake financial assessments on key third parties.
Matrix are Business Intelligence Experts specialising in Litigation Support. Due Diligence and Complex Investigations
They do this by working with lawyers, third party funders, financial firms, corporate clients and HNW individuals to deliver reliable actionable intel and operate internationally with strong capabilities in Eastern Europe, all offshore banking jurisdictions and select Middle Eastern and African countries.
4. Octopus (UK) Business Intelligence Firms NEW ENTRY
Octopus are in our Business intelligence companies guide as they have an excellent reputation for isolating problems, delivering insightful answers and innovative options. Then, if needed, help make it happen.
Octopus offer a boutique feel with the big business capability and a real global reach and are trusted by some of the world’s biggest companies, investors, middle-market players, start-up innovators and also, in-house Competitive Intel functions.
Deallus is one of the leading strategic and competitor intelligence consultancies London has operating across the global life sciences sector
Their mission is simple: to prepare you for the future by delivering the forward-thinking assurance you need in an uncertain and highly competitive world.
The knowledge and clarity Deallus provide helps life sciences companies shape future markets by making the right strategic decisions with confidence.
6. Sedulo Group
Sedulo Group are in our Business intelligence companies guide as they offer a full suite of global tactical competitor intelligence consultancies, from global landscape studies to product deep dives & everything in between.
Leveraging best-in-class research Sedulo help you go-to-market, defend market share & develop product roadmaps, all while helping you anticipate & plan for competitive threats.
7. First Step
First Step are in our corporate intelligence firms guide as they argue that being well aware of the challenges posed by competition and having sustainable competitive advantage is essential for the development of any successful business.
First Step support their clients by investigating the business models, shortcomings, distinctive competencies, and positioning strategies of their competitors. This in-depth assessment allows them to help clients play to their strengths and exploit the weaknesses of competitors.
8. AIM (US)
AIM as one of the leading Business intelligence consultancies have been providing strategic intel services to Fortune 500 companies, government agencies, and other organizations for over 40 years and their certification in Competitive Intel through SCIP means they’re dedicated and knowledgeable in their field.
Their approach has provided competitive research and analysis, customized intel, database design and management, and more to numerous organizations worldwide.
9. Cascade Insights (US)
Casade take a lot of pride in their specialization and don’t work outside the B2B tech sector and don’t do B2C.
Their clients range from enterprise tech giants to startups. Some are traditional technology companies and some are from fields such as finance, healthcare and education which have a B2B tech sector initiative.
MBrain is helping a lot of the leading competitor intelligence companies by usin their platform which is powered by AI, mPulse learns from its users’ preferences and recommends more information for competitive intel purposes.
With mPulse, you can save your time by keeping track in one place what is happening in your industry. You can even customize the service to fit your needs.
Kae believe that companies that generate and utilise in-depth customer or market insight have a competitive advantage. They offer more relevant products and services to customers and are better prepared for external changes and their Insight services include Best Practice, Competitor Intel (CI) and Market Sizing.
12. Vision One – Business Intelligence Companies NEW ENTRY
Vision One is one of the UK’s fastest-growing specialist market research companies helping domestic and international companies and brands make better decisions and profit through a deep understanding of their markets, people and culture.
How much do Business intelligence firms charge?
There are a variety of costs that go into running a Business intelligence firm, including salary for the analysts and support staff, software licensing fees, marketing materials/expenses, and other overhead costs. As such, prices will vary depending on the specific needs of your company.
However, expect to pay around $5-10 per thousand contacts scanned (depending on the type of data being analyzed), which is a sustainable cost if used correctly.
Business intelligence can provide valuable insights into your competitors’ businesses in order to give you an advantage in bidding or negotiation processes.
By understanding their strategies and operations upfront, you can make better decisions when it comes to planning future business ventures or renegotiating contracts with them.
Overall, corporate intelligence is an important tool that should be utilized by companies of all sizes to stay ahead of competition and maintain competitive edge.
Business Intelligence Benefits
There are many benefits to Business intelligence, including improved decision making, faster reaction times, and increased productivity. By understanding your customers and constantly engaging with them through social media platforms, blogs, or email content, you can provide valuable information that will help in formulating decisions that best serve your business. Additionally, by monitoring competitors closely you can stay ahead of the competition and ensure a healthy market place for yourself. You can also gain insights into potential threats to your business by gathering data on customer sentiment or industry trends. Finally, Business intelligence allows you to monitor legal proceedings or government regulations so that you are fully informed about any changes that may affect your operation.
What does the term and expression Business intelligence?
Competitive intel is when a company or agency acting on it’s behalf gather and analyse info about its industry, business environment, competitors, and competitive products and services.
Is competitive or Business intelligence illegal?
No 100% it is not provided it is done lawfully in all applicable countries
What sort of companies use Business Intelligence firms?
One of the most popular categories for competitive intelligence being used is actually tech sales. This is because US sales team tend to take deal flow and sales methodology more seriously and benefit from understanding competitors pricing, target customers and selling stages
How much do Businessintelligence firms charge?
Business intelligence firms with experience and domain knowledge and network charge on average £15-25k for an enrty level report or “trial” pilot. It is possible to get much lower but without the understanding and the access including to current or previous clients of your competitors – for example – the insights will not be as accurate or as actionable
We hope you liked our Business intelligence companies guide to the best Business intelligence firms out there.