profit from customer data by identifying strategic opportunities and adopting the “born digital”...
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IS&ICT Semester1 PresentationTRANSCRIPT
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
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
BFP stands for Business Frequency Purchase
BFP
CUSTOMIZABILITY
04/10/2023
3
Team 3_2_May
by Identifying Strategic Opportunities …4 Data-Driven Strategy
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
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
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
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
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
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
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
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
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
04/10/2023Team 3_2_Emna_Lak-Chhay_May
13
THANK YOU FOR YOUR ATTENTION
ANY QUESTIONS?
Debriefing