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Web Research- The Sherlock Holmes of Business Development

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In today’s World of technological advances, anything and everything you want can be found on the Internet. For any random question that pops in your mind, there is an answer on the Internet! Gone are the days when you had to scorch your way through a library, or that ginormous encyclopaedia to write a school research paper, or collect newspaper clips to write a college research paper! Web research can be used for something as trivial as a finding a restaurant nearby, to researching your competitors in the market! Due to the surge in the use of the Internet, a large amount of data is uploaded by various mediums on different platforms supported by the net. This data is readily available to the general public for reference and analysis. Why do business organizations publish data on the Web? By being open to the public, they not only help increase the credibility of their product or services but also implicate trustworthiness. The web is a platform that a business can use to t...
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Why to opt for customized data mining services?

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Data mining is a significant process of data management and is used to identify patterns that help to guess the future character of certain activities like, frauds, purchase habits, resource demands etc., mainly so for credit agencies that collect information ranging from name, address, SSN or employment details and so on. In the meanwhile, apart from mining huge volume of data from the various sources available, customized data mining also helps to analyze the valid and relevant data for specific business purpose. During the customized data mining process , the exact cost effective features or techniques are used to leverage on the data collected, thus providing a competitive edge for businesses, going on to help them enhance their profits. Benefits of customized data mining process ·           Leverage on the data returns or to maximize on the returns from data ·          Data entry in quick speed and m...
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Why to opt for customized data mining services?

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Data mining is a significant process of data management and is used to identify patterns that help to guess the future character of certain activities like, frauds, purchase habits, resource demands etc., mainly so for credit agencies that collect information ranging from name, address, SSN or employment details and so on. In the meanwhile, apart from mining huge volume of data from the various sources available, customized data mining also helps to analyze the valid and relevant data for specific business purpose. During the customized data mining process, the exact cost effective features or techniques are used to leverage on the data collected, thus providing a competitive edge for businesses, going on to help them enhance their profits. Benefits of customized data mining process ·           Leverage on the data returns or to maximize on the returns from data ·          Data entry in quick speed and...
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How different is data mining from statistics?

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Analyzing data is estimated as a tool to mine the valuable data from a huge volume available and data mining as well as statistics are fields that work with this goal in mind. Now, it is also said that statistics can be a core aspect for data mining. Other activities involved in data mining include data analysis, as well. Now, statistics can be helpful for businesses to determine the pattern that also help to weed out the differences between some random facts from significant or important findings. It also helps businesses to predict the outcome from analysis and reports etc. Hence, you can conclude that data mining and statistics can both be adopted as data analysis techniques and can help better in arriving at more informed decisions. In the meanwhile, let’s take a look to see how similar or different they are from each other. Define data mining When you mine out relevant information from the existing huge database of earlier unknown yet comprehensible and actiona...
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Market research trends that 2017 saw

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Market research is the inevitable service employed by most the startups or businesses looking to launch new products so as to gauge the market trends, industry news ,customer preference, viability of the products etc. At the same time, 2017 is the year that saw technological advancements in the market research trends . Seeing as how political or financial uncertainties were booming ahead, the year 2017 saw the need for market research for most businesses, so as to better know the drivers of the developing customer, supply chain or macroeconomics. At the same time, with the launch of AI, you also see that automation and standardizations seem to be the norm for market research trends. There is also equal demand for concise and clear findings or view point, driven by the researchers who take time to interpret the information with rapidly increasing clarity. Now, this clear and concise data also can help businesses to arrive at informed strategies or decisions that can gu...
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Location: Bengaluru, Karnataka, India
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How to conclude if you need to patent your idea?

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Being an entrepreneur you might be full of ideas, hoping to cash in on it. At the same time, if you are planning to launch any new product you might well be aware of the need to protect your intellectual property or to patent it. However, not all of the patented products might make it to the market or go on to earn you the money you dreamed off. So, before you rush off to the market to file for a patent on that idea you have, why not consider if it would be a viable business opportunity? You might have to take into consideration a few things first, as given below: How market research services can help? First, begin by understanding your product. You would need to have an insight of your target market, the industry trends and buying preferences or purchase habits of your target customers, the performance and marketing strategies of your competitors etc. For this purpose you can get help from professional market research companies, who can give you in-depth insights an...
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Location: Kasturi Nagar, Bengaluru, Karnataka, India
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Some common market research mistakes to avoid

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Market research provides a good analysis of your customers, competition, market trends thus enabling you to come to conclusion as to the marketability or profitability of your business idea or product. However, while doing marketing research you could make some common mistakes, which is best avoided if you wish to get good results. Let’s take a look at the mistakes to avoid here: ·          You might overspend :  Consider all aspects and get help from market research service providers that offer quality service for the money they charge, which can be cost effective. Check out all service providers before you decide.  ·          Don’t be ignorant of what you need :  Consider what is the data that you would have to collect, about your customers. Conduct targeted market research to collect the required information such as their buying patterns, preferences etc. ·  ...
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Location: Bengaluru, Karnataka, India
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