WIT Press


CRM Through DM: A Case Study

Price

Free (open access)

Paper DOI

10.2495/DATA020691

Volume

28

Pages

Published

2002

Size

519 kb

Author(s)

A M Cister & N F F Ebecken

Abstract

A great dilemma that has been coming on and on along time is the data confront and information concepts. It is also true that this confront, in 15 or 20 years ago, was nothing else but pure philosophical thinking, because the market as a whole didn’t have the dimensions neither the technology that were presented in the beginning of this century. A new time that has come, with the new globalized economy, will be the century of the competence and excellence of the institutions’ administrator. Only the companies that know how to work with the correct information will manage the work successfully in full competitive market. We can extract information in abundance from existing day by day data, using a set of techniques that are important and of extreme value in several research areas denominated Data Mining (DM). Our goal here is to get to know better customer and to take competitive advantage in the market, through the combination of knowledge extraction and the concept of Customer Relationship Management (CRM). DM assisting CRM, will provide a series of inferences that one sole technique would not allow us to observe: seek customer’s retention, avoid chum, making loyalty a customer’s commitment. 1 Introduction Countless are the literary works that make allusion to the new economic and politics order imposed by several countries in the last decade of XX century. The truth is that companies of several segments, mostly of the services’ one, found themselves obliged to modify their way to deliver their services to the new customer that arose from the globalized economy impact.

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