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All applications of Business Intelligence Solutions require significant technical experts and assets and use cases that companies can apply right away. Measurement and prevention of the customer churn, or customer erosion, is one of the most important and effective things for such applications. Churn has been a part of the business data analytics metric, it is not new. Many large scale and blue chip companies such as wireless phone signals providers, Software as a Service organizations, and banks are using state of art customer churn data modeling to figure out why their customers wen away.
These companies use resources to get data and understand this data using Data Analytics Solutions, and maintaining their profit margins by limiting customer churn. Hence become able to cut down the churn. 2017 Global Banking Survey revealed that the number of customers who shift to new banks increased from 48 percent in 2016 to 55 percent in 20127 resulting in loss of millions of dollars and earn among organizations. Any decent business technique have goal to keep current customers happy and satisfied and it is very important for the health and growth of the business. It is due to the acquisition costs for conversion of the new customers is far higher than the cost to maintain current customers, as it is easy to keep and serve them at their present level of service. Churn forecasts customer behavior and Customer Profiling by describing the customer interest and hence QlikView Consulting Services in Saudi Arabia becomes Crucial and present data in a way that can help you to make decision in the favor of your business and also help in customer retention.
Due to its importance and help in creating churn models Bilytica is offering QlikView Training in Saudi Arabia. It has increase the accuracy of predictions, data analytics, data visualization and all other data strategies. It let you to know why customers are leaving and allows you to recognize consumer’s unique needs and forecast who are on the frame of leaving, and respond with innovative Business Intelligence tactics to evaluate and mold their behavior.