AI in Competitive Intelligence, Traditional and New Techniques for Gathering and Analysing Data

  • Silvia Denisa TARANU Bucharest University of Economic Studies, Doctoral School of Business Administration, Bucharest, Romania
  • Adrian Gabriel CIORANU Bucharest University of Economic Studies, Doctoral School of Business Administration, Bucharest, Romania

Abstract


In this paper we explored the relationship between Artificial Intelligence (AI) and Competitive Intelligence (CI), attempting a definition of CI that considers the various dimensions it is defined by. Thus, we delved into data collection, analysis, and how intelligence is generated. We further analysed how advanced tools and technologies such as machine learning algorithms are used to enable real-time monitoring of competitors to derive CI. Applications of AI/CI to tourism are being discussed in the context of the analysis, bringing a practical approach and insights. We completed our analysis with ethical considerations that have an impact on both the quality of the intelligence and the deeper, social implications. We concluded by proposing a practical definition of CI that incorporates the latest technological advancements, including those brought by AI, with the ultimate goal to provide a reference that ensures companies can draw the best and most reliable results from CI.


 

References

[1] Attard-Frost, B., Brandusescu, A., Lyons, K. The governance of artificial intelligence in Canada: Findings and opportunities from a review of 84 AI governance initiatives, Government Information Quarterly, 41(2). DOI:https://doi.org/10.1016/j.giq.2024.101929
[2] Bharadiya, J. P. 2023. Machine learning and AI in business intelligence: Trends and opportunities. International Journal of Computer (IJC), 48(1): 123-134.
[3] Blanco-Moreno, S., et al. 2024. What do you do or with whom? Understanding happiness with the tourism experience: an AI approach applied to Instagram. Humanit Soc Sci Commun 11, 346. DOI:https://doi.org/10.1057/s41599-024-02859-z
[4] Calof, J.L. and Wright, S. 2008. Competitive intelligence: A practitioner, academic and inter‐disciplinary perspective. European Journal of Marketing, 42 (7/8): 717-730. DOI:https://doi.org/10.1108/03090560810877114
[5] Cavallo A., Sanasi, S., Ghezzi, A. and Rangone, A. 2021. Competitive intelligence and strategy formulation: connecting the dots. Competitiveness Review, 31(2): 250-275. DOI: https://doi.org/10.1108/CR-01-2020-0009
[6] De Mauro, A., Greco, M., and Grimaldi, M. 2016. Library Review, 65. 122-135. DOI: 10.1108/LR-06-2015-0061.
[7] Ghasemaghaei, M., and Calic, G. 2020. Assessing the impact of big data on firm innovation performance: Big data is not always better data, Journal of Business Research, 108: 147-162, DOI:https://doi.org/10.1016/j.jbusres.2019.09.062
[8] Harnessing AI To Take Competitor Analysis To The Next Level, Forbes, https://www.forbes.com/sites/forbesbusinesscouncil/2023/10/19/harnessing-ai-to-take-competitor-analysis-to-the-next-level/
[9] Jayanthi R. and Cyril F. 2021. Big Data Analytics in Building the Competitive Intelligence of Organizations. International Journal of Information Management, Volume 56. DOI:https://doi.org/10.1016/j.ijinfomgt.2020.102231
[10] Sheikh, H., Prins, C., Schrijvers, E. 2023. Artificial Intelligence: Definition and Background. In: Mission AI. Research for Policy. Springer, Cham. DOI: https://doi.org/10.1007/978-3-031-21448-6_2
[11] Yuan, H., Deng, W., Ma, B., Qian, Y. 2023. Monitoring Events of Market Competitors: A Text Mining Method for Analyzing Massive Firm-Generated Social Media. J. Theor. Appl. Electron. Commer. Res. 18: 908-927.
Published
2024-09-04
How to Cite
TARANU, Silvia Denisa; CIORANU, Adrian Gabriel. AI in Competitive Intelligence, Traditional and New Techniques for Gathering and Analysing Data. Journal of Environmental Management and Tourism, [S.l.], v. 15, n. 3, p. 591 - 596, sep. 2024. ISSN 2068-7729. Available at: <https://journals.aserspublishing.eu/jemt/article/view/8563>. Date accessed: 25 oct. 2024. doi: https://doi.org/10.14505/jemt.v15.3(75).13.