ChatGPT is a great starting point to analyze your competitors. For example, consider you are launching a new ridesharing service.

You can use ChatGPT to:

• Get a list of direct competitors in your specific market, such as the ridesharing industry in your city or region.
• Follow up by asking ChatGPT for market share data for each identified competitor. This helps you gauge the dominant players in your area.
• Find out what customers value in a ridesharing service, like promptness, driver behavior, or user-friendly interfaces.
• Outline common issues users face, like difficulties in finding convenient pickup points or fare estimation accuracy.^[1]

While ChatGPT can generate references for the information it provides you, it may not always be 100% accurate. So, always be sure to crosscheck the information it generates with authentic sources and only use it as a starting point to inform your competitive analysis.