This document discusses analytics and data-driven strategies through various case studies. It describes how Harrah's casinos analyzed customer data to find that their most valuable customers were frequent, middle-aged slot players, not high rollers. It also discusses how the Oakland A's used analytics to find undervalued metrics like on-base percentage. The document advocates applying a data-driven approach across industries to improve customer experience, sales, and operations.
3. What is analytics?
The art of thinking through data…
What is impact analysis?
What are success metrics?
What are KPI’s, how to define them?
4. The beauty of data...
Harrah’s game changing strategy
Problem landscape:
● Lot of cross visits were happening
● Unable to replicate Vegas like themed properties
● Lower retention rates and increasing competition
● Multiple properties with different marketing strategies
5. Some key data insights:
On average Harrah’s customer spent 36% of gaming dollars with them
26% of the customers produced 82% of the revenue
‘Best’ customers were not the high rollers
They were slot-playing middle aged players -- doctors, lawyers, bankers and
retired teachers
They often did not stay at the hotel but visited in the evening for a game or two
(So Harrah’s gave them free meals as compared to a free night stay at the
6. Learning from Harrah’s case
● 3 key metrics for casino’s
○ Acquisition: NPS/Loyalty: Retention
● 80:20 rule - Keep an eye on who your customer is, user pattern and habits
● Tailor your marketing plans, retention plans as per the customer needs
● Focus on CLTV (Customer Lifetime Value)
● Strategize to increase customer share (of the pie)
10. Key learning from Oakland Athletics...
Key data insights:
● Getting on base is highly correlated with winning games
● Pitching is important but not a game changer
● Fielding is over-rated
Lessons:
● Asking the right questions?
● Biases cloud judgement and prevents success
● Don’t be a dinosaur - be agile and flexible, open to experiment and testing
11. Obama’s 2012 Election victory
“There’s always been two campaigns since the
Internet was invented, the campaign online and the
campaign on the doors. What I wanted was, I
didn’t care where you organized, what time you
organized, how you organized, as long as I could
track it, I can measure it, and I can encourage you
to do more of it.”
- Jim Messina, President Obama’s 2012 campaign manager
12. Use of data in real world
● Enhancing customer experience (NPS, CSAT)
● Improving sales conversion
● Resource planning and forecasting
● Pricing decisions
● Support and Operations management
● Product funnel optimization
● Marketing ROI and dashboards
● Balanced scorecards and business metrics
13. Practical case study - ClearTax
Sales optimization, increasing sales conversion from 12% to 20%
Problem statement?
Importance of logging correct data points and product/channel/source wise
attribution
Rep wise resourcing and clustering
Category level approach and engagement strategy
Reporting and creation of required dashboards
14. Careers in analytics & required skillsets
● Business/marketing Analyst
● Data Analyst
● Business Analysis Manager
● Data Scientist: tech oriented role (data modelling and stats)
● Data Engineer: coding oriented (Python, Scala, Java etc.), creating data
pipelines, optimizing data structures etc.
● Program Manager roles - Growth & analytics
● Operations Manager
15. Data thinking approach...
Have you read this article?
https://www.linkedin.com/pulse/linkedin-top-companies-2017-where-india-wants-
work-now-adith-charlie
Results?
Flipkart listed as the top company with Swiggy, Ola, CTS, McKinsey, HCL,
Vodafone, Oracle, Reliance, Tech Mahindra and others in the list.
16. Research criteria (as published by LinkedIn)
Job applications: At what rate are people viewing and applying to job postings
featured on LinkedIn?
Engagement: How many non-employees are viewing and asking to connect with
a company’s employees? How many professionals are viewing a company’s
career page? What's the reach and engagement of a company's content? How
are a company's follows performing? Etc.
Retention: Are employees sticking around for at least a year?
**500+ employees; included only actions taken in the 12 months ending in February
17. Uber customer experience
Problem statement and case description -
Design experience metrics from an end user point of view
Single person booking and no sharing of rides
Total working time: 15 mins
Take the required assumptions
Define a set of customer experience metrics
Be quantitative in your approach
18. Uber - key metrics (approach)
● Booking related metrics
● ETA metrics
● Maps related metrics
● Pricing and surge metrics
● Customer drop-off related metrics
● Cancellation and experience driven metrics
● NPS ratings
● Retention and engagement metrics
19. Uber - Take home case assignment
# 1 (KPI’s for UberPool)
→ What would be the user experience metrics for shared rides?
# 2 (Driver experience metrics)
→ Define experience metrics from a driver point of view
# 3 (Problem of delayed responses)
→ Users giving late responses, identify if a late response is genuine?
20. Connect with me on LinkedIn: https://www.linkedin.com/in/ankitchaudhary1/
Follow me on Twitter: @chaudharyankit1
Connect via email: ankitc.bits@gmail.com
Passionate about philosophy and data; also writing my first novel :)
Editor's Notes
Will discuss both the cases here.
Harrahs’ - People management is the main strategy. lot of cross-visits were happening in the gambling industry, Harrah’s, being an old player, could not replicate the kind of themed properties that were sprucing up in Las Vegas and other parts of the US. Competition - Star Wood, Park Place and Mirage
The aim was to implement marketing tools and programs across all Harrah's properties. Customer Relationship Management (CRM) at Harrah's came to consist of two elements: Database Marketing (DBM) and the Total Gold program. While DBM allowed Harrah’s to segment customers and sell them offers based on analytical inputs, the Total Gold program motivated customers to consolidate their play.
Oakand A’s turnaround - The magic of data -- First i show the video and then discuss about the case and then show the corresponding video (next slide)
In order to buy wins you need to buy runs. Do not look at players, look at runs.
Oakand A’s turnaround - The magic of data
Correlation with cricket: grounds, spinning or fast tracks, batting by position, role of opposition, look at actual contribution - averages can be flawed, track the data and look at the team combination and pairing options. Not just rely on intuition but look at the data!
Intense competition with Romney
Discuss the problem statement, steps taken to log data source, product and channel wiseEngagement strategy -- automated drips Resource allocation Sales dashboard creation and key metrics creation
Job applications, both views and applies on postings; engagement, with employees as well as with the company directly; and retention, how many employees are sticking around for a year or longer.