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Customer Optimisation is about taking a truly customer focussed
approach to maximising the return on all of your communications.
It asks not "Which are the best customers for this campaign?"
but "Which is the best campaign for this customer?"
Predictive analytics allow you to develop models whereby
you can assess not only the best message for each customer,
but also the most appropriate timing, channel, offer, product
etc.
As well as driving such planned communications, in its fully
advanced state a good Customer Optimisation programme will
even allow you to complete real time analysis and appropriate
action through a call centre or website using immediate responses,
timing information and previous knowledge of that customer.
A complete programme may have restrictions in place to limit
communications, business rules to assess potential payback
assisting offer selection, and may result in a continuous
automated communications programme. However, depending upon
your own situation and taking into account how often you interact
with your customers the solution need not be so complex.
A good programme will certainly ensure that you are making
the most out of any inbound or outbound communications, and
may simply provide at a customer level a "next best step"
approach to help them through a profitable customer lifecycle.
If you have a passion for understanding your customers then
we, through the power of predictive analytics could help you
optimise your relationship with them.
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