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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Addressing churn requires data

Data is not readily available though

Service Management needs data for instantaneous reactions on incidents

Customer Care needs data on the customers´ transactions

Marketing needs data on what happened to the customers