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SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

New predictive marketing devices

As client information volumes grow, more advertisers depend on predictive analytics programming to focus on their clients. With predictive analytics, advertisers use information science-based strategies to segment databases. Then they figure out which practices and properties of an organization are measurable, and after that identify a pool of eminent clients that match those qualities. Predictive analytics are truly encouraging on the grounds that can begin taking the advanced non-verbal communication and particular practices and utilize that to manage  advertising venture. Read more at: http://searchcrm.techtarget.com/feature/Predictive-marketing-tools-trump-old-fashioned-gut-feel

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Clustering Models VS Preference Models

Let’s say you work for a publishing company deciding upon what New Release Newsletter to send to a particular customer. One simple way would be to just ask your customers as to what genre of books they would prefer to read- Preference Modeling-and the decide accordingly what newsletter to send to whom. Alternatively you can try to predict an individual’s buying propensity for a particular genre and send the newsletters accordingly – Cluster Modeling.
Which of the above should you chose to yield more accurate results?
A survey was conducted with a New York based publisher revealed that deciding which genre newsletter to send to whom based on Clusters had a 2-time better open rate, a 4-time better and 7-time higher click-through-rate, than those based on the consumer’s self-stated preference.
The conclusion: It is equally, if not more, important to observe what people do as compared to what they say.
Read more at: http://www.agilone.com/clustering-beats-preferences

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