The document provides examples of case studies from various industries that have successfully used analytics. It discusses how analytics helped Healthways predict health risks and reduce insurance claims, how O2 mobile network used algorithms to understand customer preferences, how Ford used website data to design their popular Figo car based on customer needs, and how Netflix uses analytics to recommend movies and estimate viewership. The document aims to showcase real-world applications of analytics across multiple sectors.
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Case Studies of From Industries
The document provides examples of case studies from various industries that have successfully used analytics. It discusses how analytics helped Healthways predict health risks and reduce insurance claims, how O2 mobile network used algorithms to understand customer preferences, how Ford used website data to design their popular Figo car based on customer needs, and how Netflix uses analytics to recommend movies and estimate viewership. The document aims to showcase real-world applications of analytics across multiple sectors.
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Case Studies of Applications of
Analytics from industries
• Non technical presentation
• Background Scenario • What was done and • How did it help?
Analytics case studies– created by Gopal Prasad Malakar
Welcome
Thanks for joining this course!
Generate interest on analytics Understand Analytics is for win-win Understand wide applicability of Analytics Take it as sample only
Analytics case studies– created by Gopal Prasad Malakar
HEALTH INDUSTRY
Analytics case studies– created by Gopal Prasad Malakar
Healthways Business – health insurance works with insurer on health care insurance business What is the biggest risk for the company? How can the claim be reduced? Artificial intelligence to study member’s demographic, claims, prescription, lab procedure to predict risk 1500+ trained nurse to call/ mail members to develop healthy behaviors - helping members and company
Analytics case studies– created by Gopal Prasad Malakar
Healthways
Win Win – win for customer and win for the firm
Analytics case studies– created by Gopal Prasad Malakar
Health services can be improved Information about local event & weather anomaly and past information about their impact can help greatly Inform people about what can they do to safe guard themselves Big healthcare expense can be saved as well as people can get better life
Analytics case studies– created by Gopal Prasad Malakar
TELECOM INDUSTRY
Analytics case studies– created by Gopal Prasad Malakar
Save expense of customer – reduce churn Rates : fixed rental + per minute charges * # of minutes Issue with 600 500 400 Plan_01 300 (200+0.5*Minute) 200 100 0 Plan_02 25 50 75 100 125 150 175 200 225 250 275 300 325 350 375 400 (100+1*Minute) Average # of minutes per month in past 3 months
Ask selected few in red circle to shift to correct rate plan
Suggest account holder in blue circle to shift to corporate / business plan
Analytics case studies– created by Gopal Prasad Malakar
Grow business Search phone numbers of other networks making too many incoming calls in your network Ask sales agent to call and suggest those phone numbers that if they were on same network they would have saved a lot Inform customer about the savings amount
Analytics case studies– created by Gopal Prasad Malakar
O2 mobile network - UK Mobile internet : challenge because of smaller screen What should be presented on this, a challenge? O2 came with First check preference of customer Initial set of content based on chosen preference Propriety algorithm to understand customer’s changing preference or Customer interest on a particular news topic How many people would have preferred computer to predict their preference? 97% of the users liked O2 to provide content based on intelligence 50% of UK’s total mobile internet usage on O2 mobile network
Analytics case studies– created by Gopal Prasad Malakar
AUTOMOBILE INDUSTRY
Analytics case studies– created by Gopal Prasad Malakar
Ford Figo success story Earlier philosophy : produce first and then put effort to sell it Evolved philosophy : let’s develop what is the need Ford websites played a big role
Analytics case studies– created by Gopal Prasad Malakar
Ford Figo success story Helped ford to know customer need Design based on market need Production schedule as per customer need Inventory of needed product Figo – spectacular success because of need based design Size Price Comfort
Analytics case studies– created by Gopal Prasad Malakar
Ford Figo success story
Analytics case studies– created by Gopal Prasad Malakar
TRANSPORT INDUSTRY
Analytics case studies– created by Gopal Prasad Malakar
Uber Let people see where is the cab How much time it should take Expected fair Security options – for customer and the car Pay from wallet Diver feedback
Analytics case studies– created by Gopal Prasad Malakar
Uber Offers to get more customers – something for sender and receiver What more they can do? OLA Café
Signature analysis to forecast car issue for proactive maintenance
Analytics case studies– created by Gopal Prasad Malakar
ELECTRONICS INDUSTRY
Analytics case studies– created by Gopal Prasad Malakar
Bestbuy: electronics industry Logical and manageable segment identification Short on time mother Happy go lucky youngster etc. Store within store concept as per customer need with subtle arrangement as per need Mild music in home theater for short on time mother Specially trained resource per segment Specialized offers for subsequent sales – like limited period e-coupon for photo printer after purchase of digital camera Net result : sales were double in those stores in comparison of general stores
Analytics case studies– created by Gopal Prasad Malakar
Best buy success secret
Analytics case studies– created by Gopal Prasad Malakar
ENTERTAINMENT INDUSTRY
Analytics case studies– created by Gopal Prasad Malakar
Harrah International: entertainment industry Casino business: Caesars Entertainment Customer retention effort Customer is losing too much Alert : May be you have a bad day – why don’t you take a break If gamer continues to loose: time for break, enjoy food (for breather ) $10 free for next hour in café
Customer management effort: customer is waiting:
Free game on lesser traffic machine Alert on mobile for similar machine : slot available on machine # … Improve customer experience Redirect / out demand traffic
Analytics case studies– created by Gopal Prasad Malakar
Netflix: entertainment industry CD supply business Cine – match : based on Customer choice Availability Tagging of movies on attributes Long tail impact: outgrow demand up to some extent Knows how many viewers will be before paying price: Favela Rising documentary about : musicians at Rio De Janeiro slums – Aims at using music and education to better the lives of youth and prevent further growth of gangs City of gold – brazil – 1 Million, born into brothel-India- .5 Million, common – 0.25 Million Knows how much is the worth of a particular title before purchase of rights Serves it most profitable customer in best possible way Analytics case studies– created by Gopal Prasad Malakar For recommendation engine How to show the trailer clip? What is the best write up for the movie?
Analytics case studies– created by Gopal Prasad Malakar
Apple i-tunes genius Guess the song to know more Repository of tunes Pattern based recommendation engine
Analytics case studies– created by Gopal Prasad Malakar
RETAIL INDUSTRY
Analytics case studies– created by Gopal Prasad Malakar
Wal-Mart : retail chain Great integration of whole supply chain Coordinated production, supply, sell etc. Relentlessly pursue improved operational efficiencies Develop deep knowledge of its customers Greater insights about customer need for an event: People stock food which doesn’t require refrigeration and cooking just before hurricane Insures sufficient supply of these before such events due to integrated SCM
Analytics case studies– created by Gopal Prasad Malakar
Wal-Mart : retail chain
Analytics case studies– created by Gopal Prasad Malakar
Tesco : retail chain Started club card in 1995, which is necessary to capture purchase behavior Optimal segmentation Groups customer based on their behavior Value conscious customer - buys what is on sale, uses coupons sent in the mail Convenience seeker - 3 / 4 purchases per week all for prepared food, rarely changes his purchase regardless of promotion, Who should be targeted? Targeted and timed next offer Measure the impact of promotion Weather impact on purchase behavior Hot weather barbecue meat, Cold weather cat litter (cats are less likely to leave the house in the winter) Not simply stocking also contextual
Analytics case studies– created by Gopal Prasad Malakar
Tesco : retail chain
Analytics case studies– created by Gopal Prasad Malakar
Tesco : retail chain
Analytics case studies– created by Gopal Prasad Malakar
SPORTS INDUSTRY
Analytics case studies– created by Gopal Prasad Malakar
Analytics case studies– created by Gopal Prasad Malakar Moneyball : HR analytics Moneyball: The Art of Winning an Unfair Game : By Michael Lewis (2003) About the Oakland Athletics baseball team and its general manager Billy Beane. Its focus is the team's analytical, evidence-based, sabermetric approach to assembling a competitive baseball team, despite Oakland's disadvantaged revenue situation. A film based on the book starring Brad Pitt was released in 2011. Any player brings speed, strength, attitude and character. Mental toughness (possibility of winning even when u lost in first half) Amendment: reassessing players every year to ensure one gets what he deserves Great players left out due to team fitment issues
Analytics case studies– created by Gopal Prasad Malakar
CEMENT SUPPLY BUSINESS
Analytics case studies– created by Gopal Prasad Malakar
CEMEX – cement delivery unit in Mexico Cement is highly perishable on under construction site Construction companies need cement in time and ready to pay premium CEMEX with satellite links, expert systems, and a computer in every truck predictive analytics to check for demand routing optimization for efficient delivery, Scheduling quicker delivery increased productivity of trucks by 35% Customers paid premium for quicker delivery
Analytics case studies– created by Gopal Prasad Malakar
ON LINE BUSINESS
Analytics case studies– created by Gopal Prasad Malakar
Helping Customer to buy efficiently
Analytics case studies– created by Gopal Prasad Malakar
Helping Customer to buy efficiently
Analytics case studies– created by Gopal Prasad Malakar
Helping Customer to buy efficiently
Analytics case studies– created by Gopal Prasad Malakar
Helping Customer to buy efficiently
Analytics case studies– created by Gopal Prasad Malakar
GOOGLE APPS
Analytics case studies– created by Gopal Prasad Malakar
Google- search engine Careful Test and Control strategy for change in algorithm Captures almost all the aspects of experiment automatically Easy – which links were clicked? How much time spent on pages? Even human judgment is collected using techniques like heat map
Analytics case studies– created by Gopal Prasad Malakar
Google map Ever evolving Searches location and Gives route based on transport (public, personal etc.)
Analytics case studies– created by Gopal Prasad Malakar
Google map Automatically throws correct route, which will take less time Reroutes when you can’t take the prescribed route Knows your home, office and parking place When there is congestion, it throws more warning, before you start A big reason of success of android mobiles
Analytics case studies– created by Gopal Prasad Malakar
CONTACT CENTRE
Analytics case studies– created by Gopal Prasad Malakar
Improve pronunciation Employees making mistakes in pronunciation Words were mostly from the script Analytics helps us to figure out relative importance of different words QAs helped to detect the words which were pronounced wrongly Wrongly pronounced more frequent terms were selected Specific training was designed to improve on these words Result – employees communication efficiency increased
Analytics case studies– created by Gopal Prasad Malakar
Basic targeting strategy Limited number of contact center employees No bandwidth to connect with all delinquent account holder Figure out who will pay on their own (with some finance charge) Who are the high risk customer, who must be contacted to get money else it will turn out bad debt Good customer feel better Firm also saves on bad customer
Analytics case studies– created by Gopal Prasad Malakar
CLOSING WORDS
Analytics case studies– created by Gopal Prasad Malakar
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Analytics case studies– created by Gopal Prasad Malakar