Business Case - Reduce Customer Churn
Step 3: Problem: addressing churn requires data
You just learned about the push and pull factors that influence subscriber churn rates. This is nothing new, so, where is the problem?
What data is needed to reduce the churn rate?
Addressing churn requires detailed data about service usage and customer experience. Unfortunately, such data is often missing or proves to be difficult to collect and correlate into meaningful presentations.
But, without knowing how subscribers use their services and how satisfied they are with these services, it is impossible to devise an effective plan to reduce churn rates.
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