Category: Algorithms

De-duplication Can Empower Your Business to Achieve Data-Driven RoI: Here’s How

De-duplication Can Empower Your Business to Achieve Data-Driven RoI: Here’s How

Data Duplication and Redundancy – The Challenges Over the last couple of decades, there has been a phenomenal shift from paper-based records to virtual data rooms in India. This has streamlined and transformed the way businesses collect, gather, store and retrieve customer data. However, as the primary focus remained on the uphill task of converting …

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Customer Clumpiness: Here’s How FORMCEPT Can Help Your Business Stay Ahead of the Game with New Age Customer Analytics

Customer Clumpiness: Here’s How FORMCEPT Can Help Your Business Stay Ahead of the Game with New Age Customer Analytics

Customer Churn: Is There a Method to the Madness? When it comes to customer loyalty, churn and recurrence, traditional businesses usually have a basic cause-and-effect approach. This is derived from established consumer behaviour principles. Hence, they have a relatively predictable model for estimating customer lifetime value (CLV). However, the story is different for new age …

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Opinion Matters – Why Modern Businesses Need Powerful Analytics To Track Customer Opinions

Opinion Matters – Why Modern Businesses Need Powerful Analytics To Track Customer Opinions

Introduction: Is Customer Feedback Enough? The importance of feedback analysis in the success of a product or a service cannot be ignored. For most new-age businesses, feedback is a continuous process critical to keeping the offerings relevant to the customers. Until recently, the typical customer feedback mechanism on products and services was a single-click rating …

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Storage and Retrieval of Word Embeddings

Storage and Retrieval of Word Embeddings

Background As per Wikipedia, Word embedding is the collective name for a set of language modelling (click to know more) and feature learning techniques in natural language processing (NLP) (click to know more) where words or phrases from the vocabulary are mapped to vectors of real numbers. These days, it is one of the most popular choice …

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Leveraging Data To Retain Customers in Insurance Sector

Leveraging Data To Retain Customers in Insurance Sector

Last week, we had published a post on the overview of the challenges faced in Insurance Sector. In this post, we will be going deep into the model that we have developed for Insurance providers to address the pressing problem of Customer Churn. Background Customers are the lifeline of a business. Customer Acquisition and Customer …

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