Churn Prediction - GFAIVE

Churn Prediction

Churn rate is a metric that directly affects a business' profitability. It illustrates the percentage of customers that stopped using your company's product or service during a certain time frame. As it costs more to acquire new customers than retain existing ones, businesses should place churn rate reduction at the forefront of their goals.

Solution Development Process

Implementation Time

2-4 months

Technologies

Maintenance

Includes a free consultation based on your business case

Dashboard Example

AI-powered Churn Prediction Tool Value

Our clients who have integrated the churn prediction tool into their systems have seen the following results:

 

37%

Increase in churn prediction accuracy

 

11.8%

Sales growth

29%

Increase in loyalty program participation

 

2.5%

Decrease in churn rate

 

 

Key features:

  • allows to ingest and activate customer data in real-time

  • performs a weekly model retraining

  • delivers warnings and notifications about customers at risk of churn

  • offers validated business theories on churn drivers

  • provides a visual tool for marketing and analytical reports

 

Benefits:

  • maximizes the effectiveness of marketing actions

  • improves customer loyalty and retention programs

  • helps better manage customer relationships

  • allows identifying where in the lifecycle stage customers are likely to churn

  • attains accurate customer profiles

 

Business Application


Accurate churn prediction has the power to drive profitability across various industries.

E-Commerce & Retail

Allows to strengthen relationships with existing customers and drive brand loyalty.

Marketing & Advertising

Helps develop campaigns with a real understanding of customer journeys, thus increasing the likelihood of customer retention.

Finance & Insurance

Enables the identification of factors contributing to churn in order to resolve underlying issues.

 Contact Us 

 

 Drop us a line and our team will be happy to discuss what AI solution would best suit your needs.

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