The document discusses a bank that implemented a new customer analytics solution to improve customer analysis, exploit changing markets, and take a more customer-centric approach. The bank formed a team to derive and implement strategies for analyzing customer data and boosting profits. The new solution provides benefits like more targeted marketing, product design, risk management, and overall more customer-focused decision making.
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The document discusses a bank that implemented a new customer analytics solution to improve customer analysis, exploit changing markets, and take a more customer-centric approach. The bank formed a team to derive and implement strategies for analyzing customer data and boosting profits. The new solution provides benefits like more targeted marketing, product design, risk management, and overall more customer-focused decision making.
The document discusses a bank that implemented a new customer analytics solution to improve customer analysis, exploit changing markets, and take a more customer-centric approach. The bank formed a team to derive and implement strategies for analyzing customer data and boosting profits. The new solution provides benefits like more targeted marketing, product design, risk management, and overall more customer-focused decision making.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
The document discusses a bank that implemented a new customer analytics solution to improve customer analysis, exploit changing markets, and take a more customer-centric approach. The bank formed a team to derive and implement strategies for analyzing customer data and boosting profits. The new solution provides benefits like more targeted marketing, product design, risk management, and overall more customer-focused decision making.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
Reasons for the need of better system… Little scope for in depth customer analysis. Need for data warehousing and analytical solution. Exploit changing and widening markets Implement a customer-centric approach focused on optimizing lifetime value of the customer To provide the right information, to the right executive at the right time. To keep up the bank’s unchallenged reputation of efficiency. Selection for particular solution Background... Survive in the fiercely competitive financial marketplace. The bank's vision was to champion fact-based strategic business decisions using best-in-class analytics. Enhance the organization's competitive advantage and boost profits. exploit changing and widening markets implement a customer-centric approach Enables to concentrate on financial budgeting, cost control, and risk management. Solution.... Evaluation of number of competitive solutions.
Now rely on PS for its customer analytics.”
Team of 25 people-”Intelligence Unit”.
Deriving Implementing strategies to Analyze and exploit customer data. Benefits in context of customer... Things become more customer centric. In-depth analysis of customer data Enables : target its most valuable customers Forecasting next best product strategy for a customer. Specifically designed Products. Benefits in Decision Making..
Effective management of products.
Targeted and focused marketing campaigns. Designing a product strategy. Improved risk management. Management of sales and conducting local events.