October 11, 2022: When analyzing industrial areas and understanding market potential, locations, truck trips, and competitors’ supply chains, businesses need enhanced data analytics tools to assist them in this process. If industrial companies figure out the “DNA” of their competition and study the businesses located in a targeted area and potential customers there, it can change the way they operate.

PREDIK Data-Driven is a research firm with over 14 years of experience developing market intelligence solutions for US, Latin America, Asia Pacific, Africa, and Europe companies.. Their team of experts has conceptualized and designed economic, commercial, and financial simulation models allowing companies to evaluate different scenarios and factors before making any decisions.

A data analytics expert working for PREDIK Data-Driven explained, “Using our trade area analysis tools, industrial companies can choose a precise point and critically study and analyze it to determine their strategy. This includes in-depth competitor analysis, supply chain optimization, and demand forecasting. The gathered geospatial data can combine with advanced predictive models, which optimize demand forecasting.
Also, companies can better understand their business partners and how hyperconnected their supply chains are. Lastly, with trade area analysis, companies can also use accurate information about their industrial facilities to assess the risks associated correctly.

The firm’s trade area analysis tool helps clients analyze business, legal, and logistical relationships. This tool uses a trade area analysis map which determines a specific geographic space that clients can study to determine the trade and business activity of associated companies, competitors, and users.
This advanced data analytics tool will also help industrial companies analyze a certain area or location where they can establish themselves. They can use the information gathered to determine if this location will benefit their business and meet all their needs. For more information about PREDIK Data-Driven, read the details given below.

About PREDIK Data-Driven
PREDIK Data-Driven is a research firm based in the US offering various data science solutions to governments and companies in the United States, Latin America, Asia Pacific, Europe, and Africa. They have over 14 years of experience designing tailored market intelligence solutions for clients in various industries, including healthcare, retail, automotive, real estate, logistics, banking, and more.

Contact Details
Website: https://predikdata.com/en/home/
Email: [email protected]
Call: +52 55 4777-2912
Text: +1 (305) 442 27 50
LinkedIn: https://www.linkedin.com/company/predik-data-driven