Market Intelligence Versus Business Intelligence: What’s the Difference?

two yellow cups tied together representing Market Intelligence Versus Business Intelligence: What’s the Difference?

Business Intelligence and Competitive Intelligence are critical in the performance improvement of your organisation. However, Business Intelligence and Competitive Intelligence are very different animals when on their own. When put in the same cage, they can bring huge rewards for your business.

The main differences are that Business Intelligence has an internal focus, while Competitive Intelligence looks at what’s happening in the outside world. Business Intelligence and Competitive Intelligence collects data. Then sorts it into relevant virtual piles within one location. Analysing what’s found and then taking action.

Business Intelligence looks into the business so the main difference with Competitive Intelligence, is that data from external sources. The analysis (the part which most organisation’s skip), creating options and then taking action. Similar processes, but their benefits differ.

What is Business Intelligence?

Business Intelligence looks inward and is, to varying degrees, well established in most businesses. Business intelligence gathers data on your business from many of sources. Such as like sales, SEO and accounts etc. And bringing it all together to analyse it to make decisions to the allow you to grow.

So, business intelligence looks through the data. So you to make decisions on the improving or creating new tactics and strategies to make your business more efficient and profitable.

What is Competitive Intelligence?

Competitive Intelligence looks outwards and is not as established as Business Intelligence. Competitive Intelligence gathers data on your competitors, markets and external environment (think Porters 5 forces), to give you an understanding of the critical information, and using your findings to anticipate your competitors’ or markets’ next move. You will understand your competitive landscape so much better and improve upon your own strategies and associated tactics.

How Can You Benefit from Business Intelligence?

All businesses will have multiple data sources holding valuable Intelligence for your teams.

  • Your management team will get a snapshot of whats going on in the business so they can make the big decisions on processes, expansion, investment and recruitment.

How Can You Benefit from Competitive Intelligence?

Competitive Intelligence can help product marketers can understand what your competition is doing (and more importantly, what it’s going to do). Research target audience, Marketing message and positioning. Create winning business development tools and deliver significant product launches that stand out and addresses the market’s needs.

One neat trick is if both you and your competitor are about to launch a fabulous game-changing product. With great fanfare, how much better would it be to launch it the day for your competitors? Marketers can take a look at their competitors

  • Content

Learn from the competition to enhance their differentiation. Also, it’s not to copy them. But reduce the strengths of the competition and play on their weaknesses. Clearly, sales need Competitive Intelligence to win more tender applications. And to understand why they win. Also why the competitor wins. To better position themselves and win more deals.

To have prepared “landmines” should come across a rival in the market. Using simple and accessible tools such as battle cards and SWOT analysis, sales teams can better position themselves against competitors and win more competitive deals. By understanding their competitor’s current strategy and future moves, the senior management can control the market better. Make better decisions based on Intelligence and not guesswork.


Market Intelligence Versus Business Intelligence. What’s the Difference? Well, we discussed what Business Intelligence and Competitive Intelligence are and the differences and benefits of each one. These intelligence toolsets are clearly used differently. One looks internally and the other externally.

They will, however, impact on all and different parts of your corporate strategy. Used together than you can ensure you are going to win a lot more than loose.

Get ready to put some noses out of joint and get closer to be the market leader with Business and Competitive Intelligence.

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