Why Data Is King When Optimising Your Cusomter JourneyJoshua Jones
This document discusses how marketers can optimize customer journeys by addressing common data problems. It identifies four key challenges: lack of data capture, poor data quality, inability to utilize behavioral data, and disparate data sources. The document provides solutions to each problem, such as implementing robust data capture strategies, validating data quality, using retargeting solutions to personalize experiences, and consolidating customer data into a single view. The overall message is that addressing these data issues through testing and optimization allows marketers to improve customer journeys and maximize results.
5 WAYS TO CREATE AND MANAGE B2B DATABASE EFFECTIVELYtechnodatagroup
In today's business scenario, budgets are static while goals are increasing. As a B2B marketer with big growth goals, you need to focus on the markets that matter.
This article offers works as a guide that will give you actionable steps and preferred business practices for B2B marketing professionals. Run the following practices in comparison to your old traditional methods and see the difference for yourself:
Soulful Analytics: Embracing gut instincts as part of the modeling, PointsInnovation Enterprise
The document discusses how analytics is evolving to embrace gut instinct and business expertise through a concept called "Soulful Analytics". It advocates defining clear business goals to guide modeling and ensuring business validation of results to build confidence and buy-in. The document also provides an example of how Points, a loyalty platform company, partners with business experts to develop predictive models focused on achieving specific goals like increasing transaction volumes.
Predicting the future of b2b marketing with NexusCyance
How predictive analytics is transforming b2b marketing by squeezing the value from customer data and driving effective marketing targeting and campaign strategies.
This document discusses the need to rethink traditional marketing analytics approaches and leverage big data solutions. It notes that while many firms want to be data-driven, few are good at taking action on data. Traditional approaches have limitations in scaling and real-time processing across new data sources like mobile and apps. A big data approach allows for a 360-degree customer view, real-time campaign adjustments, accurate customer value scoring, and understanding customer behavior patterns. It presents architectures for ingesting diverse customer data, building customer profiles, modeling to gain insights, and optimizing marketing based on those insights.
business analytics and its importance, marketing analytics definition and its importance, how marketing analytics helps to run the organization in effective and efficient manner.
Marketing Technology, including Big Data capabilities now drive most of the marketing organization's drive to build a power base needed to bring about the "right" segmentation to achieve sharper positioning and precise targeting.
Why Data Is King When Optimising Your Cusomter JourneyJoshua Jones
This document discusses how marketers can optimize customer journeys by addressing common data problems. It identifies four key challenges: lack of data capture, poor data quality, inability to utilize behavioral data, and disparate data sources. The document provides solutions to each problem, such as implementing robust data capture strategies, validating data quality, using retargeting solutions to personalize experiences, and consolidating customer data into a single view. The overall message is that addressing these data issues through testing and optimization allows marketers to improve customer journeys and maximize results.
5 WAYS TO CREATE AND MANAGE B2B DATABASE EFFECTIVELYtechnodatagroup
In today's business scenario, budgets are static while goals are increasing. As a B2B marketer with big growth goals, you need to focus on the markets that matter.
This article offers works as a guide that will give you actionable steps and preferred business practices for B2B marketing professionals. Run the following practices in comparison to your old traditional methods and see the difference for yourself:
Soulful Analytics: Embracing gut instincts as part of the modeling, PointsInnovation Enterprise
The document discusses how analytics is evolving to embrace gut instinct and business expertise through a concept called "Soulful Analytics". It advocates defining clear business goals to guide modeling and ensuring business validation of results to build confidence and buy-in. The document also provides an example of how Points, a loyalty platform company, partners with business experts to develop predictive models focused on achieving specific goals like increasing transaction volumes.
Predicting the future of b2b marketing with NexusCyance
How predictive analytics is transforming b2b marketing by squeezing the value from customer data and driving effective marketing targeting and campaign strategies.
This document discusses the need to rethink traditional marketing analytics approaches and leverage big data solutions. It notes that while many firms want to be data-driven, few are good at taking action on data. Traditional approaches have limitations in scaling and real-time processing across new data sources like mobile and apps. A big data approach allows for a 360-degree customer view, real-time campaign adjustments, accurate customer value scoring, and understanding customer behavior patterns. It presents architectures for ingesting diverse customer data, building customer profiles, modeling to gain insights, and optimizing marketing based on those insights.
business analytics and its importance, marketing analytics definition and its importance, how marketing analytics helps to run the organization in effective and efficient manner.
Marketing Technology, including Big Data capabilities now drive most of the marketing organization's drive to build a power base needed to bring about the "right" segmentation to achieve sharper positioning and precise targeting.
We estimate that nearly one third of news articles contain references to future events. While this information can prove crucial to understanding news stories and how events will develop for a given topic, there is currently no easy way to access this information. We propose a new task to address the problem of retrieving and ranking sentences that contain mentions to future events, which we call ranking related news predictions. In this paper, we formally define this task and propose a learning to rank approach based on 4 classes of features: term similarity, entity-based similarity, topic similarity, and temporal similarity. Through extensive evaluations using a corpus consisting of 1.8 millions news articles and 6,000 manually judged relevance pairs, we show that our approach is able to retrieve a significant number of relevant predictions related to a given topic.
This document discusses techniques for customer relationship management (CRM) using data mining. It begins by introducing common data mining applications in retail, banking, and telecommunications. It then discusses how data mining can be used throughout the customer lifecycle to perform tasks like up-selling, cross-selling, and customer retention. The document proceeds to explain various data mining techniques including descriptive techniques like clustering and association rule mining as well as predictive techniques like classification, regression, and decision trees. It concludes by discussing major issues in the field of data mining.
Practical Opinion Mining for Social MediaDiana Maynard
The document provides an introduction to opinion mining, including concepts, motivation, subtasks and challenges. It discusses what opinion mining is, applications in business and politics, and challenges such as detecting opinion spam. It also introduces the GATE tool for opinion mining and discusses how existing sentiment analysis tools have limitations for many tasks.
This document summarizes a presentation given at the ICCCC 2012 conference in Băile Felix, Romania. It discusses the development of a system to analyze online data related to street protests in Romania from January 2012. The system crawls RSS feeds, identifies topics using LDA, extracts named entities like streets and locations, performs sentiment analysis, and visualizes the results using Google Maps. The summaries aim to provide an overview of the system and highlight its ability to adapt to different crisis situations.
Text Mining to Correct Missing CRM Information by Jonathan SedarPyData
- A CRM dataset belonging to a national energy supplier contained over 100,000 business accounts, but was missing information grouping multiple accounts to the same company.
- Machine learning and natural language processing techniques were used to transform the text data and identify similarities between accounts to suggest groupings.
- Accounts were grouped using clustering algorithms and the results were validated by humans to incorporate valid groupings and propagate them, resulting in around 40% of accounts being grouped into companies with an accuracy of 93%.
Text mining to correct missing CRM information: a practical data science projectJonathan Sedar
20min talk given at PyData London 2014
A client in the energy sector wanted to create predictive behavioural models of business customers at the company level, but the CRM data was messy, often containing several sub-accounts for each business, without any grouping identifiers, and so aggregation was impossible. In this talk I describe a short project where we used text mining, a handful of unsupervised learning techniques and pragmatic use of human skill, to identify the true company level structures in the CRM data.
This document discusses data mining techniques for customer relationship management (CRM). It defines data mining as the extraction of implicit and novel knowledge from large datasets. The document outlines common data mining applications in retail, banking, telecommunications and other industries. It also discusses how data mining can be used across different stages of the customer lifecycle in CRM, such as up-selling, cross-selling and customer retention. Finally, it provides an overview of common predictive and descriptive data mining techniques like decision trees, rule induction, clustering and association rule mining.
Recommender Systems: Advances in Collaborative FilteringChangsung Moon
This document summarizes recommender systems, focusing on collaborative filtering techniques. It discusses how recommender systems help with information overload by matching users with relevant items. Collaborative filtering is introduced as a technique that seeks to predict user preferences based on other similar users' ratings. The document then covers various collaborative filtering algorithms like neighborhood models, latent factor models using matrix factorization, and extensions like adding biases and temporal dynamics. It concludes by discussing hybrid methods and providing references for further reading.
Preprocessing of Academic Data for Mining Association Rule, Presentation @WAD...shibbirtanvin
This document discusses preprocessing academic data for mining association rules. The main objectives are to find correlations between factors that impact students' academic progress, potential decay, abandonment, retention and the condition of academic institutions. The preprocessing methods include data analysis, populating a universal database with synthetic data, and data transformation. The goal is to discover meaningful association rules about course performance, section impacts, test scores, residence effects, course correlations and locality impacts through preprocessed data mining. Future work involves analyzing additional factors and developing new mining algorithms to apply to real academic data.
Recommender Systems and Active LearningDain Kaplan
This presentation presents a high level overview of recommender systems and active learning, including from the viewpoint of startups vs. established companies, the cold-start problem, etc.
Online recommendations at scale using matrix factorisationMarcus Ljungblad
This presentation was used for my thesis defense held at Universidad Politecnica de Catalunya, Spain, for a double-degree master programme in Distributed Computing. The other two universities participating in the programme are Royal Institute of Technology, Stockholm, Sweden and Instituto Tecnico Superior, Lisbon, Portugal.
Data management services outsourcing – data mining, data entry and data proce...Sam Studio
Sam studio is a outsource data management services provider. We offer data mining, data entry, data processing, data conversion, electronic publication, data analysis and OCR services to our globalized customers.
Requirements for Processing Datasets for Recommender SystemsStoitsis Giannis
This document summarizes the key requirements and challenges for processing datasets to be used in recommender systems based on three case studies. The main points are:
1) Recommender systems need to handle diverse social data from multiple sources in different formats and languages to support various recommendation scenarios and boost performance by combining data.
2) A common challenge is defining a metadata schema to transform and aggregate social data from different sources for federated recommender systems.
3) Case studies on a learning portal, open science platform, and multi-criteria rating dataset revealed additional challenges of data harvesting, anonymization, URI resolution, and developing algorithms that perform well with limited personalized data.
To download please go to: http://www.intelligentmining.com/category/knowledge-base/
Slides as presented by Alex Lin to the NYC Predictive Analytics Meetup group: http://www.meetup.com/NYC-Predictive-Analytics/ on Dec. 10, 2009.
This document discusses recommendation techniques. It begins by outlining researchers' current troubles with finding and connecting relevant information in a timely manner. It then introduces recommendation techniques as having the potential to greatly influence all aspects of life by addressing these problems. The document defines recommendation techniques as systems that predict items a user may be interested in based on their preferences and activities. It categorizes techniques based on the data sources used, such as user demographics, item attributes, user ratings, and knowledge about users and items. Different recommendation approaches are described, including non-personalized, content-based, collaborative filtering, and knowledge-based techniques. The document concludes by thanking the audience and inviting them to learn more in future classes.
1. CRM involves collecting customer data, analyzing it to identify target customers, developing frequent shopper programs, and implementing CRM programs to build loyalty.
2. Data is collected through transactions, customer contacts, and descriptive information and stored in databases, while ensuring customer privacy.
3. Data is analyzed using methods like CLV, RFM, market basket analysis, and targeting to improve customer understanding and promotions.
4. Frequent shopper programs are developed to encourage repeat purchases through rewards tiers and VIP treatment, while unprofitable customers require different strategies.
This document provides an overview of data mining. It introduces data mining and its goals, which include prediction, identification, classification, and optimization. The typical architecture of a data mining system is explained, including its major components. Common data mining techniques like classification, clustering, and association are also outlined. Examples are provided to illustrate techniques. The document concludes by discussing advantages and uses of data mining along with some popular data mining tools.
This document discusses opinion mining for social media. It provides an introduction to opinion mining and sentiment analysis, and discusses some of the challenges involved in performing opinion mining on social media data, including short sentences, incorrect language, and topic divergence. The document then outlines the Arcomem research project, which aims to perform opinion mining on social media to analyze opinions about events over time. It describes the project's entity, topic and opinion extraction workflow and some of the main research directions.
Maximizing-Efficiency-How-MIS-and-Data-Analytics-Drive-Informed-DecisionsAttitude Tally Academy
Welcome participants to the presentation on maximizing efficiency through MIS and data analytics. Discover how these tools can support informed decision-making in today's business landscape.
IJERA (International journal of Engineering Research and Applications) is International online, ... peer reviewed journal. For more detail or submit your article, please visit www.ijera.com
We estimate that nearly one third of news articles contain references to future events. While this information can prove crucial to understanding news stories and how events will develop for a given topic, there is currently no easy way to access this information. We propose a new task to address the problem of retrieving and ranking sentences that contain mentions to future events, which we call ranking related news predictions. In this paper, we formally define this task and propose a learning to rank approach based on 4 classes of features: term similarity, entity-based similarity, topic similarity, and temporal similarity. Through extensive evaluations using a corpus consisting of 1.8 millions news articles and 6,000 manually judged relevance pairs, we show that our approach is able to retrieve a significant number of relevant predictions related to a given topic.
This document discusses techniques for customer relationship management (CRM) using data mining. It begins by introducing common data mining applications in retail, banking, and telecommunications. It then discusses how data mining can be used throughout the customer lifecycle to perform tasks like up-selling, cross-selling, and customer retention. The document proceeds to explain various data mining techniques including descriptive techniques like clustering and association rule mining as well as predictive techniques like classification, regression, and decision trees. It concludes by discussing major issues in the field of data mining.
Practical Opinion Mining for Social MediaDiana Maynard
The document provides an introduction to opinion mining, including concepts, motivation, subtasks and challenges. It discusses what opinion mining is, applications in business and politics, and challenges such as detecting opinion spam. It also introduces the GATE tool for opinion mining and discusses how existing sentiment analysis tools have limitations for many tasks.
This document summarizes a presentation given at the ICCCC 2012 conference in Băile Felix, Romania. It discusses the development of a system to analyze online data related to street protests in Romania from January 2012. The system crawls RSS feeds, identifies topics using LDA, extracts named entities like streets and locations, performs sentiment analysis, and visualizes the results using Google Maps. The summaries aim to provide an overview of the system and highlight its ability to adapt to different crisis situations.
Text Mining to Correct Missing CRM Information by Jonathan SedarPyData
- A CRM dataset belonging to a national energy supplier contained over 100,000 business accounts, but was missing information grouping multiple accounts to the same company.
- Machine learning and natural language processing techniques were used to transform the text data and identify similarities between accounts to suggest groupings.
- Accounts were grouped using clustering algorithms and the results were validated by humans to incorporate valid groupings and propagate them, resulting in around 40% of accounts being grouped into companies with an accuracy of 93%.
Text mining to correct missing CRM information: a practical data science projectJonathan Sedar
20min talk given at PyData London 2014
A client in the energy sector wanted to create predictive behavioural models of business customers at the company level, but the CRM data was messy, often containing several sub-accounts for each business, without any grouping identifiers, and so aggregation was impossible. In this talk I describe a short project where we used text mining, a handful of unsupervised learning techniques and pragmatic use of human skill, to identify the true company level structures in the CRM data.
This document discusses data mining techniques for customer relationship management (CRM). It defines data mining as the extraction of implicit and novel knowledge from large datasets. The document outlines common data mining applications in retail, banking, telecommunications and other industries. It also discusses how data mining can be used across different stages of the customer lifecycle in CRM, such as up-selling, cross-selling and customer retention. Finally, it provides an overview of common predictive and descriptive data mining techniques like decision trees, rule induction, clustering and association rule mining.
Recommender Systems: Advances in Collaborative FilteringChangsung Moon
This document summarizes recommender systems, focusing on collaborative filtering techniques. It discusses how recommender systems help with information overload by matching users with relevant items. Collaborative filtering is introduced as a technique that seeks to predict user preferences based on other similar users' ratings. The document then covers various collaborative filtering algorithms like neighborhood models, latent factor models using matrix factorization, and extensions like adding biases and temporal dynamics. It concludes by discussing hybrid methods and providing references for further reading.
Preprocessing of Academic Data for Mining Association Rule, Presentation @WAD...shibbirtanvin
This document discusses preprocessing academic data for mining association rules. The main objectives are to find correlations between factors that impact students' academic progress, potential decay, abandonment, retention and the condition of academic institutions. The preprocessing methods include data analysis, populating a universal database with synthetic data, and data transformation. The goal is to discover meaningful association rules about course performance, section impacts, test scores, residence effects, course correlations and locality impacts through preprocessed data mining. Future work involves analyzing additional factors and developing new mining algorithms to apply to real academic data.
Recommender Systems and Active LearningDain Kaplan
This presentation presents a high level overview of recommender systems and active learning, including from the viewpoint of startups vs. established companies, the cold-start problem, etc.
Online recommendations at scale using matrix factorisationMarcus Ljungblad
This presentation was used for my thesis defense held at Universidad Politecnica de Catalunya, Spain, for a double-degree master programme in Distributed Computing. The other two universities participating in the programme are Royal Institute of Technology, Stockholm, Sweden and Instituto Tecnico Superior, Lisbon, Portugal.
Data management services outsourcing – data mining, data entry and data proce...Sam Studio
Sam studio is a outsource data management services provider. We offer data mining, data entry, data processing, data conversion, electronic publication, data analysis and OCR services to our globalized customers.
Requirements for Processing Datasets for Recommender SystemsStoitsis Giannis
This document summarizes the key requirements and challenges for processing datasets to be used in recommender systems based on three case studies. The main points are:
1) Recommender systems need to handle diverse social data from multiple sources in different formats and languages to support various recommendation scenarios and boost performance by combining data.
2) A common challenge is defining a metadata schema to transform and aggregate social data from different sources for federated recommender systems.
3) Case studies on a learning portal, open science platform, and multi-criteria rating dataset revealed additional challenges of data harvesting, anonymization, URI resolution, and developing algorithms that perform well with limited personalized data.
To download please go to: http://www.intelligentmining.com/category/knowledge-base/
Slides as presented by Alex Lin to the NYC Predictive Analytics Meetup group: http://www.meetup.com/NYC-Predictive-Analytics/ on Dec. 10, 2009.
This document discusses recommendation techniques. It begins by outlining researchers' current troubles with finding and connecting relevant information in a timely manner. It then introduces recommendation techniques as having the potential to greatly influence all aspects of life by addressing these problems. The document defines recommendation techniques as systems that predict items a user may be interested in based on their preferences and activities. It categorizes techniques based on the data sources used, such as user demographics, item attributes, user ratings, and knowledge about users and items. Different recommendation approaches are described, including non-personalized, content-based, collaborative filtering, and knowledge-based techniques. The document concludes by thanking the audience and inviting them to learn more in future classes.
1. CRM involves collecting customer data, analyzing it to identify target customers, developing frequent shopper programs, and implementing CRM programs to build loyalty.
2. Data is collected through transactions, customer contacts, and descriptive information and stored in databases, while ensuring customer privacy.
3. Data is analyzed using methods like CLV, RFM, market basket analysis, and targeting to improve customer understanding and promotions.
4. Frequent shopper programs are developed to encourage repeat purchases through rewards tiers and VIP treatment, while unprofitable customers require different strategies.
This document provides an overview of data mining. It introduces data mining and its goals, which include prediction, identification, classification, and optimization. The typical architecture of a data mining system is explained, including its major components. Common data mining techniques like classification, clustering, and association are also outlined. Examples are provided to illustrate techniques. The document concludes by discussing advantages and uses of data mining along with some popular data mining tools.
This document discusses opinion mining for social media. It provides an introduction to opinion mining and sentiment analysis, and discusses some of the challenges involved in performing opinion mining on social media data, including short sentences, incorrect language, and topic divergence. The document then outlines the Arcomem research project, which aims to perform opinion mining on social media to analyze opinions about events over time. It describes the project's entity, topic and opinion extraction workflow and some of the main research directions.
Maximizing-Efficiency-How-MIS-and-Data-Analytics-Drive-Informed-DecisionsAttitude Tally Academy
Welcome participants to the presentation on maximizing efficiency through MIS and data analytics. Discover how these tools can support informed decision-making in today's business landscape.
IJERA (International journal of Engineering Research and Applications) is International online, ... peer reviewed journal. For more detail or submit your article, please visit www.ijera.com
Using Data Mining Techniques in Customer SegmentationIJERA Editor
Data mining plays important role in marketing and is quite new. Although this field expands rapidly, data mining is still foreign issue for many marketers who trust only their experiences. Data mining techniques cannot substitute the significant role of domain experts and their business knowledge. In the other words, data mining algorithms are powerful but cannot effectively work without the active support of business experts. We can gain useful results by combining these techniques and business expertise. For instance ability of a data mining technique can be substantially increased by combining person experience in the field or information of business can be integrated into a data mining model to build a more successful result. Moreover, these results should always be evaluated by business experts. Thus, business knowledge can help and enrich the data mining results. On the other hand, data mining techniques can extract patterns that even the most experienced business people may have missed. In conclusion, the combination of business domain expertise with the power of data mining techniques can help organizations gain a competitive advantage in their efforts to optimize customer management. Clustering algorithms, a group of data mining technique, is one of most common used way to segment data set according to their similarities. This paper focuses on the topic of customer segmentation using data mining techniques. In the other words, we theoretically discuss about customer relationship management and then utilize couple of data mining algorithm specially clustering techniques for customer segmentation. We concentrated on behavioral segmentation.
Marketing automation solutions (MAS) adoption in India has grown significantly in recent years, though the evolution began later than in the US. MAS adoption in India is now on par with other major markets. A survey of over 150 Indian marketing professionals found that 48% have implemented or are evaluating MAS. While MAS adoption is growing, many marketers still face challenges such as a lack of internal skills and expertise. The report provides insights into MAS trends, features, pricing, and recommendations to help marketers in India better leverage these solutions.
A study of Data Mining concepts used in Customer Relationship Management (CRM...IJSRD
Customer relationship management (CRM) has evolved as an approach based on generating positive relationships with customers, increasing customer loyalty, and expanding customer lifetime value [1]. To understand the needs of customers and providing value-added services are recognized as factors that regulate the success or failure of the organizations. In the recent years, technology enhancement made customer relationship easier in various fields such as marketing, sales, service and Management Information Technology [2]. To deliver customer value, there are concepts such as data mining and data warehousing with the use of technology. Even through data mining concepts, organizations can easily find out their valuable customers and helps in making better decisions. There are data mining tools which answer business questions that were time-consuming consuming in the past. These tools simplify these questions and make customer relationship management effective [3]. This researcher work is focused on understanding the consumer’s behavior for themed weddings. The themed weddings management strategies are based on technology, business and customer perspectives. The customer preferences are measured using Regency, Frequency and Monetary (RFM) method. Business strategies are defined to understand the customer preference towards themed weddings management and the technologies such as WEB 2.0 and data mining tool Weka are used. The survey technique, and thematic content analysis using data mining tools, to accomplish the goals of today’s customer relationship management philosophy for themed weddings management.
Data Driven Marketing (DDM) involves making marketing decisions based on analysis of customer data. It is customer-centric and focuses on collecting data about customer transactions, behavior, and interactions to gain insights. DDM requires implementing marketing technology to automate processes, collecting and analyzing large amounts of customer data, and changing marketing teams and processes to be more data-driven. Fully implementing DDM is a long-term transformation that requires investments in systems, databases, teams, and new processes.
Alejandro Cordero - Secure Electronic Commerce New Business and Repeat Busine...Meet Magento Italy
Today e-commerce businesses are working in a global market context. Hence the need for robust algorithms to provide the best user experience and the best return on investment. Even so with this powerful technology e-commerce Business Managers face a difficult challenge to keep and gain new customers globally. Besides, to program and manage the different tasks for the most important dates of the year, for instance Black Friday, Cyber Monday, Sold periods, twelve months in advance.
Your e-commerce site is only as successful as it is secure with strategic planning in advance, to make the deployment safe and functional and not to rush up during important dates of the year. Thus, it is becoming mandatory to program and clarify it in advance to not to put in significant risk revenue and customer satisfaction.
Then the question is, what methodology works, in parallel with predictive marketing tools?
Account Based Marketing 2.0: An Integrated Approach to Growth & InnovationPaul Writer
The document discusses account-based marketing (ABM) and provides an overview of an ABM presentation. It defines ABM as treating individual accounts as individual markets and focusing on relationships, reputation, and tailored programs rather than just revenue. It also discusses the benefits of ABM for customers and sales teams, and provides examples of ABM strategies, implementation approaches, and how ABM relates to an organization's overall marketing strategy.
Data Mining: What is Data Mining?
History
How data mining works?
Data Mining Techniques.
Data Mining Process.
(The Cross-Industry Standard Process)
Data Mining: Applications.
Advantages and Disadvantages of Data Mining.
Conclusion.
Analysis of Sales and Distribution of an IT Industry Using Data Mining Techni...ijdmtaiir
The goal of this work is to allow a corporation to
improve its marketing, sales, and customer support operations
through a better understanding of its customers. Keep in mind,
however, that the data mining techniques and tools described
here are equally applicable in fields ranging from law
enforcement to radio astronomy, medicine, and industrial
process control. Businesses in today’s environment
increasingly focus on gaining competitive advantages.
Organizations have recognized that the effective use of data is
the key element in the next generation is to predict the sales
value and emerging trend of technology market. Data is
becoming an important resource for the companies to analyze
existing sales value with current technology trends and this
will be more useful for the companies to identify future sales
value. There a variety of data analysis and modeling techniques
to discover patterns and relationships in data that are used to
understand what your customers want and predict what they
will do. The main focus of this is to help companies to select
the right prospects on whom to focus, offer the right additional
products to company’s existing customers and identify good
customers who may be about to leave. This results in improved
revenue because of a greatly improved ability to respond to
each individual contact in the best way and reduced costs due
to properly allocated resources. Keywords: sales, customer,
technology, profit.
1. The document discusses a summer internship project on Customer Relationship Management (CRM) conducted by two students at Angel Broking Ltd from May to June 2009 under the guidance of their faculty member.
2. It provides an introduction to CRM, including its history and importance in helping companies manage customer relationships through databases, marketing campaigns, and individualized customer interactions.
3. The project involved analyzing Angel Broking's CRM practices through secondary research, a SWOT analysis of the brokerage industry, and data collected during the students' internship regarding customer satisfaction, training programs, and opportunities for improvement.
MBA Projects, synopsis, and synopsis of various regular as well as distance learning undergraduate and postgraduate courses for various institutions like SMU – Sikkim Manipal University, SMUDE, AIMA, AMITY, IGNOU, SCDL, JAMIA, AMU, JHU etc.
to study customer relationship management towards pooja industries.pvt.ltd, ...SaurabhShete11
This document is a project report submitted by Saurabh Balasaheb Shete to Savitribai Phule Pune University in partial fulfillment of the requirements for a Master of Business Administration degree. The project report studies customer relationship management at Pooja Industries, which is located in Ambad MIDC, Nashik, Maharashtra, India. The report includes a declaration by Saurabh, an acknowledgement of those who provided guidance and assistance, an executive summary of the report's contents, and an index of the report's chapters.
Consumer analytics is the process businesses adopt to capture and analyze customer data to make better business decisions via predictive analytics. It is a method of turning data into deep insights to predict customer behavior. It may also be regarded as the process by which data can be turned into predictive insights to develop new products, new ways to package existing products, acquire new customers, retain old customers, and enhance customer loyalty. It helps businesses break big problems into manageable answers. This paper is a primer on consumer analytics. Matthew N. O. Sadiku | Sunday S. Adekunte | Sarhan M. Musa "Consumer Analytics: A Primer" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6 , October 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33511.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/33511/consumer-analytics-a-primer/matthew-n-o-sadiku
Data-Driven Decisions A Pillar of Effective Digital Marketing.docxIstudio Technologies
In the fast-paced world of digital marketing, staying ahead of the competition is crucial. One of the most effective ways to do this is through data-driven decisions.
This document provides a summary of a research report on customer relationship management in the banking sector. It discusses:
1) How CRM has become important for retaining customers and maximizing their lifetime value in the competitive banking industry.
2) The methodologies used in the research project, including a literature review, survey questionnaire, and analysis of customer perceptions of banks' CRM strategies and technologies.
3) The objectives of examining CRM's impact on customer satisfaction and offering suggestions to improve banks' CRM practices.
Components and Elements of Customer Relationship Managementannamlingam1980
CRM involves developing and maintaining long-term relationships with customers. It aims to understand customers and support all customer-facing parts of a business. The document outlines the major components of a CRM system including human resource management, customer service, sales force automation, lead management, marketing, workflow automation, analytics, and reporting. It describes each component and how CRM supports customer data collection, employee skills analysis, sales processes, marketing effectiveness, and business reporting and analysis.
Customer Churn Prediction using Association Rule Miningijtsrd
Customer churn is one of the most important metrics for a growing business to evaluate. It is a business term used to describe the loss of clients or customers. In the retail sales and marketing company, customers have multiple choices of services and they frequently switch from one service to another. In these competitive markets, customers demand best products and services at low prices, while service providers constantly focus on getting hold of as their business goals. An increase in customer retention of just 5 can create at least a 25 increase in profit. Therefore, customer churn rate is important because it costs more to acquire new customers than it does to retain existing customers. In this paper, we apply the method to the retail sales and marketing company customer churn data set. This paper provides an extended overview of the literature on the use of data mining in customer churn prediction modeling. It will help the retail sales and marketing company to present the targeted customers with the estimated loss of clients or customers for the promotion in direct marketing. Mie Mie Aung | Thae Thae Han | Su Mon Ko "Customer Churn Prediction using Association Rule Mining" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd26818.pdfPaper URL: https://www.ijtsrd.com/engineering/computer-engineering/26818/customer-churn-prediction-using-association-rule-mining/mie-mie-aung
Similar to Customer relationship management_dwm_ankita_dubey (20)
The process of extracting data from source systems and bringing it into the data warehouse is commonly called ETL, which stands for extraction, transformation, and loading.
Clustering and Classification Algorithms Ankita DubeyAnkita Dubey
Clustering is a process of partitioning a set of data (or objects) into a set of meaningful sub-classes, called clusters. Help users understand the natural grouping or structure in a data set. Used either as a stand-alone tool to get insight into data distribution or as a preprocessing step for other algorithms.
Data Warehouses & Deployment By Ankita dubeyAnkita Dubey
This document contains the notes about data warehouses and life cycle for data warehouse deployment project. This can be useful for students or working professionals to gain the basic knowledge about Data warehouses.
Notes for Advanced Image Processing subject. This subject comes under Computer Science for B.E./B.Tech and M.E./M.Tech. students. Hope this will help you.
Management of Distributed TransactionsAnkita Dubey
Distributed Database System
A distributed database system consists of loosely coupled sites that share no physical component
Database systems that run on each site are independent of each other
Transactions may access data at one or more sites
The management of distributed transactions require dealing with several problems which are strictly interconnected, like-
Reliability
Concurrency control
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2. Research Paper details
Introduction
Paper 1 discussion
Paper 2 discussion
Paper 3 discussion
Conclusion
References
3 March 2017 MPSTME, NMIMS, Mumbai 2
3. Title: Data Mining Strategies andTechniques for CRM Systems
Authors:
Dr.Abdullah S.Al-Mudimigh,
Zahid Ullah ,
Farrukh Saleem
Title: Improving The Retailers Profit For CRM Using Data Mining
Techniques
Author:
K.Deepa, S.Dhanabal
Vishnukumarkaliappan
Title: Application of Data Mining Technology in the Tourism Product's
MarketingCRM
Author:
Shenglei PEI
3 March 2017 MPSTME, NMIMS, Mumbai 3
4. CRM: Customer Relationship Management
Strategy and process of
▪ identifying,
▪ retaining and
▪ associating
selective customers in order to sustain their relationship
with the organization.
With CRM, greater efficacy and effectiveness in delivering
strategies could be achieved.
CRM involves all of your organizations “CustomerTouch
Points” and includes every part of your company that has
direct or indirect interaction with your customers and
prospects.
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6. Paper 1 proposed that
Data mining is also a successful factor of CRM.
In this model the association mining techniques
for finding loyalty and background of the
customer, and making some prediction for the
contacting customer.
3 March 2017 MPSTME, NMIMS, Mumbai 6
8. Knowledge discovery plays important role in CRM.
Stuck or loop problems can be resolved by including
data mining into CRM.
Enhance the capability of CRM in :
Customer services
Organization services
Online services.
The applications of data mining applied on the
existing database is generating new rules and
patterns from the experienced data.
The conclusion is, data mining is the part of CRM.
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9. Retailing?
Data mining has :
Identifying
Attracting
Developing
Retaining
Missing…
Predict the demand of
products
10. The main drawbacks in retail business are if
products are sold in huge amount and high
demand arises and subsequently if stock is
not available it leads to inconsistencies of
profit to the retailers.
3 March 2017 MPSTME, NMIMS, Mumbai 10
11. CRM + SCM
Grouping of similar customers
▪ Valuable customers
▪ Regular customers
▪ Occasional customers
Business development
▪ Occasional customers are changed to regular or valuable
customers by providing some attracting programs, discounts
etc.
▪ Apply Data cube technology the yearly, monthly, weekly,
daily and seasonal based sold products are verified and
stored on the database
3 March 2017 MPSTME, NMIMS, Mumbai 11
12. Customer attraction and retaining the customers
Attraction
▪ Discounts , loyalty programs
are conducted which
motivates the customer to
place an order immediately.
▪ Direct marketing and coupon
distribution are some
examples of customer
attraction
Retaining
Predictive analysis of data
mining techniques
Analysis of customer will
retain or not are identified by
hidden markov model.
3 March 2017 MPSTME, NMIMS, Mumbai 12
14. Reinforcement of relationship marketing.
Development of supporting strategies can
increase the sales.
Effective integration of CRM and SCM is
designed by considering parameters of
product, customer and sales information.
More parameters can be added.
3 March 2017 MPSTME, NMIMS, Mumbai 14
15. 3 March 2017 MPSTME, NMIMS, Mumbai 15
Data mining process in CRM
17. Decision tree algorithm for customer
profitability analysis.
Data sorting: In order to facilitate the
operation the data should be processed first.
Carry out data mining by using decision tree
algorithm.
The key point of using decision tree algorithm
is to calculate the information gain and look
for a branch node.
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18. 3 March 2017 MPSTME, NMIMS, Mumbai 18
Gain(A) represents information gain of attribute A ;
I( S1 ,S2,…. Sm) is the expectations of the element information,
m in which says the number of attribute values.
20. CRM system based on data mining
Better use of customer information
Quickly and efficiently get valuable knowledge
Realize efficient management and operation.
But a lot of research is still stay in theoretical
and lack of practice; many theories need to
be tested and perfected in practice.
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21. [1] Dr. Abdullah S. Al-Mudimigh, Zahid Ullah and Farrukh Saleem,
“DATA MINING STRATEGIES AND TECHNIQUES FOR CRM
SYSTEMS”
[2] K.Deepa, S.Dhanabal and Vishnukumarkaliappan “Improving
The Retailers Profit For CRM Using Data Mining Techniques”, 2014
World Congress on Computing and Communication
Technologies,978-1-4799-2876-7/13 2013 IEEE DOI
10.1109/WCCCT.2014.23
[3] Shenglei PEI, “Application of Data Mining Technology in the
Tourism Product's Marketing CRM”,2013 2nd International
Symposium on Instrumentation and Measurement, Sensor
Network and Automation (IMSNA), 978-1-4799-2716-6/13 2013
IEEE
3 March 2017 MPSTME, NMIMS, Mumbai 21