profit from customer data by identifying strategic opportunities and adopting the “born digital”...

13
BAHI EMNA SEAN LAK-CHHAY SOUAYAH MAY Profit from Customer Data by Identifying Strategic Opportunities and Adopting the “Born Digital” Approach 07/02/2022 1 Team 3_2_Lak-Chhay

Upload: vshine1

Post on 18-Dec-2014

618 views

Category:

Documents


0 download

DESCRIPTION

IS&ICT Semester1 Presentation

TRANSCRIPT

Page 1: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

BAHI EMNA

SEAN LAK-CHHAY

SOUAYAH MAY

Profit from Customer Data by Identifying Strategic

Opportunities and Adopting the “Born Digital” Approach

04/10/2023

1

Team 3_2_Lak-Chhay

Page 2: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

Profit from Customer Data

Customer DataCollect information

CRM and BIExtraction of value

Profitability

04/10/2023

2

Team 3_2_May

CRMMarketing

Follow clientListen to client voiceDesign and develop

offer

BI

Active research and process of essential information to face

competition

Page 3: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

BFP stands for Business Frequency Purchase

BFP

CUSTOMIZABILITY

04/10/2023

3

Team 3_2_May

by Identifying Strategic Opportunities …4 Data-Driven Strategy

Page 4: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

BFP stands for Business Frequency Purchase

BFP

CUSTOMIZABILITY

MINIMIZECOSTS

04/10/2023

4

Team 3_2_Lak-Chhay

by Identifying Strategic Opportunities …Minimize Costs (1/4)

Minimum cost for Business and

Customer

Little possibility to get relevant

data about customers

Exclusive fly-in destination

Page 5: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

BFP stands for Business Frequency Purchase

BFP

CUSTOMIZABILITY

REWARDLOYALTY

MINIMIZECOSTS

04/10/2023

5

Team 3_2_Lak-Chhay

by Identifying Strategic Opportunities …Reward Loyalty (2/4)

Business: Profitability and Reward behavior

Customer: Standardised

products

Harrah’s Entertainment

Page 6: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

BFP stands for Business Frequency Purchase

BFP

CUSTOMIZABILITY

REWARDLOYALTY

PERSONALIZE

INTERACTIONS

MINIMIZECOSTS

04/10/2023

6

Team 3_2_Emna_May

by Identifying Strategic Opportunities …Personalize Interactions (3/4)

Collect relevant data

Adapt its strategyDifferentiation from

competitors

Ritz-Carlton

Page 7: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

BFP stands for Business Frequency Purchase

BFP

CUSTOMIZABILITY

REWARDLOYALTY

PERSONALIZE

INTERACTIONS

MINIMIZECOSTS

ACQUIRECUSTOMER

S

04/10/2023

7

Team 3_2_Emna

by Identifying Strategic Opportunities …Acquire Customers (4/4)

Collect exhaustive data

Develop model to attract potential

customers

‘One-shot’

Wedding ReceptionCruise Lines

Page 8: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

Digital materials coming from the digital domain

Consequently have no print or analog counterpart

… and Adopting the “Born Digital” Approach

04/10/2023Team 3_2_Lak-Chhay

8

When Where

What² How

Who

Page 9: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

Why is the problem addressed important?

One company Many kinds of customers No sole strategy

04/10/2023

9

Team 3_2_May

Huge investment

Payoff ROI

Length of the

CRM’s set up

Training and

involvement of the

users

Page 10: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

BFR stands for Business Frequency Purchase

BFP

CUSTOMIZABILITY

REWARDLOYALTY

PERSONALIZE

INTERACTIONS

MINIMIZECOSTS

ACQUIRECUSTOMERS

04/10/2023

10

Team 3_2_Lak-Chhay

Why is the problem adressed important? 4 Data-Driven Strategy

Page 11: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

What key lessons can be derived from the article?

04/10/2023Team 3_2_Emna

11

Byproduct of a transaction

Forward-thinking

Companies use transaction processing systems

=> To collect relevant informations about their customers

==> Capture the customers’ behavior

Be Proactive

=> Creation of value

==> Profitability

Page 12: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

Conclusion

Value of a customer

The aim of CRM is to be listening to customers in order to respond to their needs and to develop the loyalty.

CRM allows each department of a company to access to a common IS in order to improve the knowledge of their customers and to meet their expectations.

What about Ethics? 04/10/2023

12

Team 3_2_Emna

Page 13: Profit From Customer Data By Identifying Strategic Opportunities And Adopting The “Born Digital” Approach

04/10/2023Team 3_2_Emna_Lak-Chhay_May

13

THANK YOU FOR YOUR ATTENTION

ANY QUESTIONS?

Debriefing