As most of the companies in the world are trying their level best to keep up with the complete tech-savvy clients collectively, the need for tech watches is increasing. In the present era, the need for technology watch has intensified certainly as most of the client base of the businesses today are tech-savvy and keeping a track of the
technological changes may somehow help gain a better and enthusiastically responding client groups that is quite good not only for the business for its sale, but also for the promotion of the brand name too.As the name suggests, business intelligence mainly is a technique that is entirely computer based to cover all types of business operations and thus supports the decision making processes of a particular company. When business intelligence aims mainly on using the technological advancements to make the business processes simple, the competitive intelligence mainly focuses on the competitors and tries to have an edge over them.
And thus business intelligence is considered a subset or simply a part of competitive intelligence. Thus, having a technology watch could help the business to keep an eye on the competition as well as catch the eye of a tech-savvy client base. The technology watch helps the business to profit an upper hand in the competition level that definitely is disturbing most of the businesses and thus gain a better stand in the eyes of the public, ensuring a raised in the business in the long run where even retaining a client is quite a difficult task to do.
With the face of the competition changing constantly in recent days, the best that could be done is to try not to move from the competition that may be considered as quite an easy task if the focus on technology watches to improve the business intelligence and competitive intelligence of the company.