Build a Competitive Intelligence Tool Powered by AI

Everyone doing business right now has a competitor and with how fast technology is moving, staying ahead of the competition isn't just important—it's essential.

To do this, many companies turn to Competitive Intelligence (CI) tools, which help track competitor activities, offerings, market shifts, and customer behavior and sentiments. When powered by AI, these tools take things a step further, analyzing data and turning it into actionable insights that can help these businesses make smarter decisions and maintain a competitive edge.

Rather than just observing trends, AI-enhanced CI tools give companies a deeper understanding of what's happening in their industry, often in real time. With this, businesses can proactively adapt to shifts, respond to competitor moves, and even identify new opportunities before they become widely known. In fact, CI isn't just for large corporations—it can level the playing field for smaller businesses as well, empowering them to make data-driven decisions that are just as informed as those made by their bigger counterparts.

Why Competitive Intelligence Matters

Competitive intelligence (CI) isn't just about keeping an eye on what your competitors are doing—it's about gaining valuable insights that guide your business decisions. Whether you’re tweaking your pricing strategy, refining messaging, optimizing your value propositions, or developing new products, CI gives you the data you need to make informed choices. But it’s not just about collecting information; it’s about using that information effectively to stay ahead.

Here are a few key problems that AI-powered CI tools can solve:

• Staying Ahead of Competitors:
  By tracking competitors’ pricing, products, and campaigns in real-time, businesses can anticipate market changes and act before they happen, rather than reacting after the fact. McKinsey & Company highlights how CI tools help companies stay ahead in a competitive environment.

• Improving Market Positioning:
  A CI tool reveals how competitors are positioning their products and identifies gaps in the market, allowing businesses to adjust their offerings. Harvard Business Review shows how CI can improve positioning and help target untapped markets.

• Streamlining Decision-Making:
  AI-powered CI tools filter out unnecessary data and deliver actionable insights, making it easier for leadership to make informed decisions quickly. According to Gartner, this automation enables faster, more strategic decision-making.

• Identifying Emerging Trends:
  AI tools can scan massive datasets to spot emerging trends and consumer behaviors early, helping businesses stay competitive. Forrester explains how these tools give companies a heads-up on trends before they become mainstream.

• Enhancing Product Development and Innovation:
  By understanding competitors' products and consumer feedback, businesses can refine their own offerings to meet market demands. Forrester emphasizes the role of CI in driving innovation and product development.

• Optimizing Marketing and Sales:
  CI tools analyze competitor marketing strategies, revealing what works (or doesn’t), helping businesses fine-tune their campaigns and improve engagement. Harvard Business Review outlines how CI can refine marketing strategies for better customer conversion.

• Minimizing Risk and Increasing Market Awareness:
  Tracking competitor activities can help businesses spot potential risks or sudden market shifts, allowing them to adjust their strategies to avoid setbacks. McKinsey & Company points out how CI minimizes risks by anticipating competitor moves.

With all these advantages, it is clear that integrating a Competitive Intelligence tool into your business is no longer optional—it’s essential.

How to Build a Competitive Intelligence Tool Using Python

Now that we understand the value of competitive intelligence, let's dive into how you can build your own AI-powered Competitive Intelligence Tool.

We would be using the following tools:

• Python
• LangChain
• Ollama (Local LLM)
• BrightData
• Selenium
• Streamlit

Step 1: Set up Python Environment

First, set up a Python environment. Then, in your project’s root folder, create a file named requirements.txt. Copy and paste the following dependencies into that file:

streamlit 
langchain 
langchain_ollama
selenium
beautifulsoup4
lxml 
html5lib
python-dotenv

Next, activate your environment by running the following command:

./name_of_environment/Scripts/Activate

Then, install all the dependencies at once by running the following command:

pip install -r requirements.txt

Step 2: Streamlit UI

Create a Python file named main.py in your root folder. In this file, we'll build a simple Streamlit user interface.

Streamlit is an incredibly straightforward tool for creating Python-based web applications with minimal code. It's one of the easiest ways to interact with tools like Large Language Models (LLMs), which we'll be using in this tutorial.

Here’s the code to set up the interface:

streamlit 
langchain 
langchain_ollama
selenium
beautifulsoup4
lxml 
html5lib
python-dotenv

To run the Streamlit application, open your terminal, activate your virtual environment (if not already active), and type the following command, specifying the name of the Python file that contains your Streamlit app (main.py in this case):

./name_of_environment/Scripts/Activate

It will spin open a web server containing the application.

Once we build the Streamlit UI, the next step is to actually grab data from the website that we want to scrape. In order to do that, we are going to be using a Python module known as Selenium.

Selenium allows us to automate a web browser, so we can actually naviagte to a web page, grab all of the content that's on that page and then we can apply some filtering on the content and then pass it into an LLM like ChatGPT or Gemini, and then we can use that LLM to parse through the data and give us a meaningful response.

Step 3: Set up Bright Data

Bright Data is a web data platform that enables businesses to collect and structure any public web data as well as to see the Web accurately from any location without getting blocked or misled thanks to a wide proxy network.

For this tutorial, you can use them entirely for free.

Click here to create an account.

After that, go to your dashboard and make a new instance/zone of a tool called Scraping Browser.

The scraping browser includes a captcha solver as well as connects to a proxy network. What this means is that it would automatically give your new IP adresses and cycle through those in order to simulate as if you were a real user accessing a website.

It also means that if there is a captcha, it will automatically solve it for you so you don't need to deal with being blocked by CAPTCHAs.

So, type in a zone name and create it.

Then click OK.

One main advantage of Bright Data for developers is, this just works with the code that you already have.

In our case, we are using Selenium. So, just copy the URL

Then create a .env file in your root directory and paste the URL:

streamlit 
langchain 
langchain_ollama
selenium
beautifulsoup4
lxml 
html5lib
python-dotenv

Step 4: Web Scraping Component

Next, create a new file named scrape.py. This is where we will write our web scraping functionality, separating it from the main file so it's easier for us to navigate.

To start, import a few selenium modules into your scrape.py file, then write a function that takes a website's domain, scrape all the contents of the webpage, cleans it, and returns all of the content.

./name_of_environment/Scripts/Activate

Step 5: Setup Ollama LLM

Create a new file called parse.py. Then copy and paste the code below and then we will setup Ollama locally which would be used to execute the LLM.

pip install -r requirements.txt

Ollama allows you to run opensource LLMs locally on your computer. So, you don't need to rely on things like API tokens and it is completely free.

To get started with Ollama, visit this link: https://ollama.com/download

Once Ollama is downloaded and installed, open your terminal or command prompt and type the Ollama command:

import streamlit as st

st.title("Competitive Intelligence Tool (Demo)")
url = st.text_input("Enter Competitor's Website URL")

if st.button("Gather Insights"):
    if url:
        st.write("Analyzing the website...")

You'd get something that looks like this:

Next, what you need to do is pull an Ollama model. You will need to download the Ollama model locally before your code can be executed.

To do that, visit https://github.com/ollama/ollama

Here you would see all the different models that you can use.

Pick an appropriate model based on the specs of your computer. For this tutorial, we are using the Llama 3.2 model. It requires only 3 GB of RAM.

Next, go back to your terminal or command prompt and run this command:

streamlit run main.py

This will then download the model for you onto your computer. Once this is complete, you can now go on to use this model in your parse.py file.

Step 6: Test your tool

Now you can go on to run your code using this command:

SBR_WEBDRIVER="paste_the_url_here"

And it's all set.

You can go on to modify the code how ever you want, enable it to get data from multiple URLS or multiple domains all at once.

Add data visualization to make it actionable for your business using pandas.pydata.org and matplotlib.org

Or even automate the data collection process to track competitor updates regularly. Use cron jobs or Python's schedule module to run the data scraping and analysis scripts at defined intervals.

To see the full code, check out the GitHub repo:

sholajegede / CompetiAI

AI-powered Competitive Intelligence Tool

CompetiAI

AI-powered Competitive Intelligence Tool

View on GitHub

Conclusion

There is a lot of potential to building a Competitive Intelligence Tool for your business or within your product. By combining web scraping and text analysis, you can create a tool that helps you stay ahead of the competition and make smarter decisions.

This can significantly improve your product development, marketing strategies, sales outreach, and overall market awareness.

The competitive edge these tools offer is invaluable, especially in industries where changes happen rapidly and competition is fierce. With advancements in AI and machine learning, you can expect even more sophisticated capabilities, from predictive analytics to real-time market alerts.

If you're considering building a CI tool, starting with a project like this is a fantastic way to get hands-on experience. Experiment, iterate, and enhance the tool as you identify new ways it can add value to your business operations.

Have thoughts or feedback on this tutorial? Share them in the comments below, or feel free to connect with me. I'd love to hear about how you're using competitive intelligence to transform your business!

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