Boosting Telco Revenue with a Next Best Action Engine
Overview.
Designed and integrated RTIM to create a centrally controlled Next Best Action (NBA) recommendation engine for all consumer marketing offers.
Challenges.
- Increase reactive retention
- Increase proactive retention
- Provide omni-channel agent guidance
Solution.
- Two NBA Conversations
- Reactive (customer intent)
- Proactive (marketing intent)
- Margin-based segmentation
- Allocating more to high value customers based upon client lifetime value and likelihood to churn.
- Marketing efficiency
- Arbitration framework for constantly flexing strategies.
- Managed service and deployment processes for BAU tasks
- Governance
- Owned by Marketing Operations and run by Mkt Ops and IT.
The Impact.
$180M
Retained customer revenue
$30M
Incremental sales revenue
400%
ROI
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