8 ways to turn data into value with Apache Spark machine learning
Losing customers means losing revenue. Not surprisingly, then, companies strive to detect potential customer churn through predictive modeling, allowing them to implement interventions aimed at retaining customers. This might sound easy, but it can actually be very complicated: Customers leave for reasons that are as divergent as the customers themselves are, and products and services can play an important, but hidden, role in all this. What's more, merely building models to predict churn for different customer segments--and with regard to different products and services--isn't enough; we must also design interventions, then select the intervention judged most likely to prevent a particular customer from departing. Yet even doing this requires the use of analytics to evaluate the results achieved--and, eventually, to select interventions from an analytical standpoint.
Oct-18-2016, 18:51:27 GMT
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