
Segmentation and analytics
Analysing customer data to develop or optimise the segmentation, to improve how the business addresses the needs of each customer group.
What we find:
- companies have often gathered masses of customer data but don't know how to unlock the value
- clear objectives for customer segmentation are often not set, and there is no definition of how it will drive a different customer experience
- analytics is still predominantly employed as a back-office activity and is not used directly at the customer touch point
- analytics is still developed as a piecemeal activity, with no overall strategy
- there is often a cultural barrier between the producers and users
Our approach:
- define the objectives for customer segmentation
- help the segmentation stakeholders define how the segmentation will be used
- use a working group to review and iterate the segmentation before releasing it
- define the role that analytics is expected to play at each touch point
- develop an analytics roadmap to deliver customer level insight to the right place at the right time
Benefits delivered:
- a well-defined segmentation, with strong business support, to be used as a foundation for delivering a differentiated customer experience
- a closer understanding of the value of analytics at a business level
- targeting analytics to where it will drive the most value and most closely support the business or customer strategy