Churn prediction and management system
AssigneeAccenture Global Services Limited
InventorsMatteo Maga, Paolo Canale, Astrid Bohe
Life of this patent
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AssigneeAccenture Global Services Limited
InventorsMatteo Maga, Paolo Canale, Astrid Bohe
Estimating the term…
A system and method for managing churn among the customers of a business is provided. The system and method provide for an analysis of the causes of customer churn and identifies customers who are most likely to churn in the future. Identifying likely churners allows appropriate steps to be taken to prevent customers who are likely to churn from actually churning. The system included a dedicated data mart, a population architecture, a data manipulation module, a data mining tool and an end user access module for accessing results and preparing preconfigured reports. The method includes adopting an appropriate definition of churn, analyzing historical customer to identify significant trends and variables, preparing data for data mining, training a prediction model, verifying the results, deploying the model, defining retention targets, and identifying the most responsive targets.
A system for managing churn among customers of a business having a statistically large customer base, the system comprising:
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