Application Examples
Here are a few examples of the ways in which we have applied Data
Mining to our clients' business problems:
Financial Services:
For a major regional bank, we analyzed a large array of consumer product
offerings and key characteristics of customer households, to determine
the next product(s) to sell to a given household.
For a brokerage firm, we helped maximize margin by building and comparing
customer-targeting models for both online and traditional off-line trading.
This allowed the brokerage to successfully tailor its online strategy
to the appropriate target groups, while also maintaining consistency with
the firm's overall business strategy and positioning.
Health Care:
We analyzed medical utilization data for a major health care underwriter.
The results gave the client a much clearer picture of absolute profit/loss;
helped drive product formulation and margin-based pricing; and provided
the client with a forecasting model to assist underwriters during the
contract negotiation process with both existing and prospective customers.
High Technology:
For a major supplier of computer hardware/software solutions, we built
a sophisticated targeting model to predict not only which companies would
be most likely to buy, but also their likely long-term value after conversion.
For a well-known online provider of content and services, we developed
a mail conversion model that sharply reduced customer acquisition costs.
We also developed a predictive model to facilitate preemptive outreach,
thus reducing attrition of existing customers.
We helped a leading manufacturer of computers and peripherals revamp
their Web site customer satisfaction measurement system. This included
a complete overhaul of online survey instruments and the application
of more sensitive and powerful data analytic techniques. The result was
a threefold increase in survey response rates and much more actionable
information.
Telecommunications:
We assisted a major supplier of DSL services with business-to-business
and business-to-consumer targeting of loop-qualified prospects, and also
conducted follow-up performance analyses to assist marketing and sales.
Travel:
We analyzed airline-passenger margin data to develop a segmentation
model in support of loyalty-program management.
For a major cruise line, we conducted segmentation and margin analyses,
leading to a revamping of outreach targeting and media deployment, and
resulting in significantly improved margin performance.
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