AITopics | ai-driven customer retention strategy

Collaborating Authors

ai-driven customer retention strategy

Information about AI from the News, Publications, and Conferences

Automatic Classification – Tagging and Summarization – Customizable Filtering and Analysis

If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."

However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …

AI-Driven Customer Retention Strategies For Banks

#artificialintelligenceDec-16-2020, 15:17:24 GMT

Acquiring new customers is expensive. Banking services can adopt many customer acquisition strategies to reduce CAC, but the acquisition is challenging when there are too many players in a market. At the same time, customer retention is five times cheaper than customer acquisition. It also reduces CAC by upselling and cross-selling to existing customers. Banking customers are generally not satisfied with their service.

ai-driven customer retention strategy, customer, personalize, (7 more...)

#artificialintelligence

Country: Asia > India (0.05)

Industry:

Marketing (0.67)
Banking & Finance > Financial Services (0.42)

Technology: Information Technology > Artificial Intelligence (1.00)

Add feedback