Competitor Analysis
Competitor analysis is a process of identifying and evaluating the strengths and weaknesses of current and potential competitors to gain insights into their strategies, products, and market position. In data science, competitor analysis involves collecting and analyzing data on competitors' performance, market share, customer behavior, and other relevant metrics to identify opportunities and threats in the market. This analysis can be used to inform business decisions, such as product development, pricing, and marketing strategies, and to gain a competitive advantage in the market.
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