18th
July
2008
Posted by
James Taylor
Transpromotional marketing - yes, another new phrase that I heard for the first time this week. Wooing Customers in a Weak Economy was the source - an article on 1:1. Chris Stone wrote the article and it talks about the need to use different channels to contact customers and to do so consistently and in [...]
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posted by James Taylor in Adaptive Control, Business Rules, Customer Experience, Data Mining, Decision Management, Marketing, Predictive Analytics |
1st
July
2008
Posted by
James Taylor
I just finished reading The Best Service is No Service: How to Liberate Your Customers from Customer Service, Keep Them Happy, and Control Costs and I can’t recommend it too highly.
This is a tremendous book laying out a systematic approach for better customer service. Predicated on the idea that customers want your product to “just [...]
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posted by James Taylor in Customer Experience, Decision Management |
5th
June
2008
Posted by
James Taylor
Some time ago the folks over at the Analytical Engine had a post about Data Driven Persona Development. I loved the way they described taking a very qualitative approach - persona development - and adding some analytic rigor to it. Given my interest in using analytics for segmentation and in developing different websites/experiences for different [...]
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posted by James Taylor in Business Rules, Customer Experience, Data Mining |
12th
May
2008
Posted by
James Taylor
Having just written a post about how vague the word analytics is, I see Ann All’s post Banks Using Analytics to Boost Customer Retention. What’s interesting about Ann’s post is not that she makes it clear what kind of analytics she is discussing but that almost any of the various kinds of analytics can [...]
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posted by James Taylor in Business Intelligence, Customer Experience, Data Mining, Predictive Analytics |
2nd
May
2008
Posted by
James Taylor
Two articles caught my eye yesterday - Robert Nascenzi wrote an article “Real-Time Segmentation Levels the Playing Field” over on Destination CRM while Jeremy Nedelka wrote “The Ultimate Personalized Marketing” over on 1:1. Both articles focusing me in on what I have called “extreme personalization”. Jeremy’s article was a cute story about a school targeting [...]
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posted by James Taylor in Customer Experience, Decision Management, Marketing |
30th
April
2008
Posted by
James Taylor
Ted Iacobuzio of TowerGroup gave the closing keynote, expanding on the survey results Fair Isaac announced today. More than 100 of the InterACT attendees took the survey - clearly this is top of mind. Some highlights:
Lenders appreciate the need for integrated customer information and multi-product decisioning
Lenders are not all at the same speed in implementation
Respondents [...]
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posted by James Taylor in Compliance, Customer Experience, Decision Management, Financial Services, Optimization, Predictive Analytics |
30th
April
2008
Posted by
James Taylor
A collections session next with folks from Adeptra, Fair Isaac and GE Money talking about GE’s vision for virtual collections. The collections environment is extremely bad this year with massive growth in the need for collection agents. Delinquencies are up, problems are up, consumers are stressed. Scores are worsening (credit profiles are worse), payments are [...]
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posted by James Taylor in Business Rules, Financial Services, Predictive Analytics |
22nd
April
2008
Posted by
James Taylor
The Oakland Athletics Score with Mobile Coupons headlined an article about this new approach to delivering coupons. Reading this it seemed to me that this was an opportunity for the Oakland A’s, well known for their use of analytics in player selection, to bring analytics to bear on the marketing operations.
Mobile coupons are constrained in [...]
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posted by James Taylor in Data Mining, Predictive Analytics, Retail |