customer lifetime value
Determination of the customer lifetime value and visualisation of customer activity.
More precise calculation of the customer lifetime value
Sankey diagram as part of an interactive dashboard for better visualisation of the customer history
Interactive visualisation of the customer journey
Challenge
A German bank wants to expand its Calculation of the Customer Lifetime Value improve. Up to now, a fixed monetary value has been attributed to each customer. Now the activity of the customer is also to be taken into account.
Solution
Various data sources are brought together. Customer types are identified, which are divided into five categories using R clustering. The customer activity is integrated into the existing calculation of the customer lifetime value. The Customer Journey is shown in a Sankey diagram.
Result
The accuracy of the customer lifetime value is increased. An interactive visualisation of the Customer Journey is provided in a D3 Sankey diagram illustrates.
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