Reducing Churn through Predictive Analytics:
The Business Results
- Existing analysis had limited visibility into customer satisfaction
- Lack of account management resources to contact each and every customer
- Reliant on labor-intensive, unproven spreadsheet analysis
- Impact of churn reduction programs had plateaued
The Business Results
- Automated daily analysis of customer satisfaction through usage data
- Predictive modeling of contract churn improved quality of analysis and program targeting
- Retention risk report lists highest-revenue churn risks to allow for better prioritization
- Detailed customer usage pivots enable churn diagnostics before intervention
- Dramatic reduction in revenue churn rate