Traditional telecom brands often do not have the right resources to anticipate a customer’s potential to churn, resulting in their inability to prevent customer departures and defections. With a growing number of telco companies providing more innovative features and better customer service at competitive prices, it is becoming easier for consumers to switch their telco providers. As a result, competition becomes fiercer, making it imperative to build a stronger customer retention strategy.
Use Case Overview
In this use case, certain markers in a customer’s behavior are captured in real-time by the Intelligent Engagement Platform (IEP) to detect any possibility of churning. A personalized experience will be triggered right away, attempting to resolve any issue faced by the customer, aiming to prevent churn by boosting their experience. These markers are based on any customer behavior suggesting a high churn risk, such as visiting web pages like ‘how to cancel my subscription’ or filing a complaint online or directly through a call center. Churn risk could also be inferred from a customer’s intermittent connection problems despite being in touch recently with customer service agents and having been offered a resolution.
The NGDATA IEP leverages integrated data sources across the telco’s ecosystem and provides the means to easily access them in real-time. With the Customer DNA at its core, the platform can detect any change in customer behavior indicative of a medium to high churn risk. Depending on the complexity of the issue, an experience can be triggered to an agent to attend to the customer’s concerns right away, or directly to the customer, with relevant offers that are scored by the IEP based on the customer’s needs at that time. In addition to this, the telco’s homegrown churn prediction models (if available) can also be used by the IEP as additional input to enhance its churn predict