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Study: U.S., Europe lag in competitive intel technology use

By Chris Kanaracus , IDG News Service , 08/01/2008
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A new survey by advisory firm Fuld & Company finds that companies in Israel, India, Sweden and Brazil are on average using more sophisticated competitive intelligence technology than ones in the United States, Great Britain, France or Germany.

In general, competitive intelligence software programs collect, analyze and display information around discrete topics, such as monitoring a company's reputation by gathering message board comments or keeping up-to-date on competitors' pricing. They are considered a cousin to BI (business intelligence) systems.

For its study, Fuld & Company used information from a database it has been building since 2006. It contains responses from more than 480 companies regarding various aspects of their competitive intelligence strategies.

Fuld asked respondents to rank their competitive intelligence technology on a scale ranging from 1 (nothing specialized in use beyond search) to 4 (a "fully developed" technology purchased or developed in-house)

The firm's president, Leonard Fuld, didn't have a concrete explanation for the usage-by-country results, for which a specific numeric breakdown was not available Friday.

"Maybe it's just a curiosity item," he said. "If I can interpret it, if you've got a small company in Israel who doesn't have a pervasive workforce around the world, maybe they've got two major markets for their product, so they rely on the technology because they don't have as many people on the ground."

But no matter how advanced a given offering's features might be, human beings still need to analyze the results, he said: "You can't be lazy with these systems. The worst sin in intelligence is that someone hands you an analysis and you don't explore the cause of that analysis."

Competitive intelligence software is generally managed by an assigned group within a company and used for tasks ranging from war-room planning sessions to more pedestrian efforts, such as a daily internal newsletter, according to Fuld.

"It's not as if the technology is going to change a company's direction, but it will help shape how they view the world," he said. "When these packages work well, they're very good at filtering the noise out of the marketplace for management."

Competitive intelligence products are becoming more pervasive in companies, according to Fuld.

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