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Improved customer experience is central to both, and it was cited as the number one driver for analytic investment in the survey.The research surveyed 64 professionals from CSPs around the world who are applying, leveraging and/or planning to deploy advanced analytics in some capacity at various points across the customer lifecycle. “Providers need to look beyond marketing, and expand their focus to how machine learning and AI can improve customers’ experiences and reduce churn."Advanced analytics including AI and Machine Learning can enable CSPs to gain a greater understanding of customer expectations and experiences across the customer lifecycle, but few have yet to implement technology solutions. "As they start to explore artificial intelligence and machine learning, CSPs need to take a holistic approach and find opportunities and use cases across the customer lifecycle. This is how the battle for customer loyalty will be waged.Personalization is an opportunity yet to be fully realized - While operators view personalization as very important, only 41 per cent said they are using advanced analytics for it when they onboard a new customer. Data points to consider:Few CSPs use prescriptive analytics later in the customer journey - Only 35 per cent are using advanced analytics or machine learning for renewals, and only 36 per cent are using artificial intelligence for collections and recovery. The survey shows that telecommunications providers worldwide are lagging in their use of predictive models, machine learning and artificial intelligence.“With CSPs under pressure to increase profitability, they are turning to data-driven, predictive models in all stages of the customer lifecycle," said Mark Newman, chief analyst at TM Forum.-Text is the dominant channel of communication - 94 per cent communicate with their customers via text, however only 20% use personalized text for late payment communications.”Other data points of note:-A large majority - 81 per cent - are using or Custom Badge Signs plan to use analytics in marketing and advertising campaigns.Analytics company FICO announced results of a global survey with TM Forum, the global not-for-profit association focused on digital transformation. H owever, communications service providers (CSPs) are increasingly recognizing the need to become more data-driven in order to improve their decision-making and profitability."The survey results underscore that there is still a tremendous opportunity for telغير مجاز مي باشد to utilize analytics throughout the customer journey,” said Shawna Morgan, senior director for telecommunications, media, entertainment, and technology, FICO.-70 per cent are still using a reactive and rules-based approach to fraud, with just over a quarter using machine learning and predictive models. Only about half are proactively working to match offer packages to customer needs ادامه مطلب
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