Data Driven Customer Churn Prevention

Improving brand loyalty in the retail sector

Major Consumer Packaged Goods Manufacturer

Challenge

  • Our client experience large percentage of customer churn.
  • There was no proper metrics to determine the cause of customer churn.
  • Putting a pin on common causes such as price, product availability, competition was difficult due to variety of products and market dynamics.
  • Business was unable to roll out promotions and initiatives to arrest the churn since the underlying cause was unclear.

Solution

  • Targeting high value brand buyers who are at the risk of Lapsing.
  • Drive rule driven automation that puts consumer considerations first to effectively segment consumers against the most relevant brands.
  • Interrogate model outputs to drive actionable segments for key business objectives to create addressable audiences that can be activated , measured and automated as a scalable proposition.

Technologies

Benefits

  • Migrate switchers and / or at -risk lapsers to more loyal brand buyers by increasing Share of requirements and Incremental sales.
  • Predictive models combined with marketing automation provides an opportunity to retain more consumers , generating incremental sales over the time.
  • Better targeted and highly personalized to a moment.
  • Positive sentiment, brand awareness, shared with network.