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Our work in Analytical CRM and CLV
We differentiate between analytical CRM and behavioral one which is focus of another section. Analytical work involves using customer data to design statistical models of choice over the breadth of products and using them to increase the revenues from customers over their lifecycle, so called Customer Lifetime Value, or CLV.
The problems our customers face:
- CRM applications typically involve vast amounts of data. This includes many observations and many variables.
- Analysis involves an inward looking view of the customer, as well as competitive information available from credit reference agencies.
- It is a dynamic process, where low response rates are often the norm, calling for more flexible response and adaptive models than the popular regression model.
Our work on customer acquisition, development and retention strategies has been well known and recognised in financial services industries in the UK, US, Europe and Middle East. The models we developed are helping in early detection and prevention of customer attrition, which also enhance the total lifetime of the customer base, when the efforts are focused on the retention of valuable customers.
Applying INTICS CLV framework in your organisations is a key for success and better business performance. Read more ...
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