What We Do:
Neural network analysis is a best practice approach to mining complex data – including survey data, public and internal client databases – extracting powerful if then decision rules.
It can be applied to many useful business and marketing applications – segmentation, customer journeys, customer churn modelling – delivering a whole of customer view.
What It Involves:
We construct a series of simple if then statements, which forecast what consumers will do after event triggers and sequences of events.
If in the last four months, there were: three unsatisfactory phone enquiries and one larger than expected bill, then the customer will actively seek quotes from alternative providers.
Challenges This Solves:
More systematic and efficient than other regression or chaid reliant modelling options.
Moves away from a siloed view of the customer to a more holistic understanding.
Deals effectively with data sets that involve a lot of missing data.