The Missing Piece In Your Competitive Strategy-and Its Impact On The Bottom Line
Strategy and execution are only as strong as the insights that guide them. This article outlines how your company can use location intelligence to find operational efficiencies, drive customer engagement, and outmaneuver competitors. Read it for practical examples of what's possible when location is factored into the equation. Connect with MIS Solutions to discuss how a location-aware strategy could improve your results.
What is location intelligence?
Location intelligence refers to the use of mapping and spatial analytics to understand and visualize data in relation to geographical locations. It helps businesses identify market opportunities, assess risks, and optimize operations by integrating location data with other business intelligence. This approach allows companies to make informed decisions about where to expand, how to improve customer engagement, and how to streamline supply chains.
How does location intelligence impact decision-making?
Location intelligence enhances decision-making by providing insights into customer behavior, market trends, and operational efficiencies. For instance, businesses can analyze demographic shifts, spending patterns, and local competition to determine optimal locations for new stores or services. Companies that leverage location data often find it essential for assessing risks and identifying growth opportunities, ultimately leading to more effective strategies.
What are the practical applications of location intelligence?
Various industries are utilizing location intelligence to reshape their operations. For example, a major fast-food chain uses location data for site selection and supply chain management, resulting in average annual sales of $9.3 million per restaurant. Similarly, a large apparel company employs mapping analytics to streamline its global supply chain, reducing reporting times from six months to mere days. These applications demonstrate how location intelligence can transform business processes and enhance performance.
The Missing Piece In Your Competitive Strategy-and Its Impact On The Bottom Line
published by MIS Solutions
Established in 1999 in Boston, MA, MIS Solutions is a technology consulting firm that modernizes data centers and enables Cloud for its customers. Cloud is NOT technology. Cloud is a framework that leverages technology to deliver business value and reduce operation overhead. Cloud can either be a lifestyle or a use-case. MIS Solutions understands that there is people and process that come before technology. In the beginning, services centered around infrastructure services (compute, virtualization, storage, backup and replication). Today, MIS Solutions provides Cloud services. Our focus starts with Amazon Web Services (AWS), bleeds into Microsoft Azure and ends with Google Cloud Platform (GCP). Please feel free to reach out to us at info@misfirm.com.
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