Customer Profiling, Segmentation, and Sales Prediction using AI in Direct Marketing

02/03/2023
by   Mahmoud SalahEldin Kasem, et al.
0

In an increasingly customer-centric business environment, effective communication between marketing and senior management is crucial for success. With the rise of globalization and increased competition, utilizing new data mining techniques to identify potential customers is essential for direct marketing efforts. This paper proposes a data mining preprocessing method for developing a customer profiling system to improve sales performance, including customer equity estimation and customer action prediction. The RFM-analysis methodology is used to evaluate client capital and a boosting tree for prediction. The study highlights the importance of customer segmentation methods and algorithms to increase the accuracy of the prediction. The main result of this study is the creation of a customer profile and forecast for the sale of goods.

READ FULL TEXT

page 1

page 2

page 3

page 4

research
01/31/2017

Integration of Machine Learning Techniques to Evaluate Dynamic Customer Segmentation Analysis for Mobile Customers

The telecommunications industry is highly competitive, which means that ...
research
09/29/2020

Towards Intelligent Risk-based Customer Segmentation in Banking

Business Processes, i.e., a set of coordinated tasks and activities to a...
research
11/11/2011

Value, Variety and Viability: Designing For Co-creation in a Complex System of Direct and Indirect (goods) Service Value Proposition

While service-dominant logic proposes that all "Goods are a distribution...
research
11/11/2015

IBMMS Decision Support Tool For Management of Bank Telemarketing Campaigns

Although direct marketing is a good method for banks to utilize in the f...
research
10/18/2020

Dynamically Tie the Right Offer to the Right Customer in Telecommunications Industry

For a successful business, engaging in an effective campaign is a key ta...
research
11/16/2022

CASPR: Customer Activity Sequence-based Prediction and Representation

Tasks critical to enterprise profitability, such as customer churn predi...
research
05/30/2020

Situation Awareness and Information Fusion in Sales and Customer Engagement: A Paradigm Shift

With today's savvy and empowered customers, sales requires more judgment...

Please sign up or login with your details

Forgot password? Click here to reset