Roadmap to realizing the value of telco data – opportunities, challenges, use cases
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Roadmap to Realizing the Value of Telco Data – Opportunities, Challenges, Use Cases- By Srinivasa Ravi, COO, Flytxt at Big Data Monetization Event Singapore 2015
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Roadmap to realizing the value of telco data – opportunities, challenges, use cases
- 1. 1confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Roadmap to Realizing the Value of Telco Data – Opportunities, Challenges, Use Cases Srinivasa Ravi, COO, Flytxt
- 2. 2confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Agenda What determines the value of Telco Data? How to realize the value of Telco Data? Internal and External Monetization – Few Examples Summarizing – Economic Potential of Telco Data
- 3. 3confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© What Determines the Value of Telco Data Realization of Economic Value of Data Business Workflows Data Integration Analytics • Faster Decisioning • Applicability across businesses • Use Case Execution • Secured Sharing • Advance Analytics • Real-time Analytics • Deeper Insights • Actionability • Any Data Source • Big Data, Fast Data • Data Quality • Privacy
- 4. 4confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© How to Realize the Optimal Value of Data Integrate Big/ Fast Data Perform Advance Analytics Incremental value with smarter decisioning Measure and Continuously optimize Share insights to drive adjacent services Data Streams Value Streams
- 5. 5confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Integrate Big Data, Fast Data Profiles Products Location Big Data • Volume • Variety • Veracity • In hours • In Minutes • In seconds Fast Data Usage events Network events Recharge/billing events • Terabytes and Petabytes of Data • Structured, Unstructured, etc. • Billions of events /day • Real-time triggers
- 6. 6confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Perform Advance Analytics for Deeper Insights
- 7. 7confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Applying Insights for Smarter Decisioning across Workflows • Product Affinity • Churn Propensity • Next Best Actions • Offer Prioritization • Nano Segmentation • Smart Visualizations • Social Influencer, Etc. Insight Models Internal Workflows Impact • Demographic Profiles • Psychographic Interests • Behavioural Persona • Handset Trends • Preferences • Location Patterns, Etc. • Targeted Advertising • Footfall Analysis • Terminal Prophet • Audience Attribution • OOH Measurement Etc. • Superior Reach • Higher RoI • Social Engagement • Market Buzz Etc. External Workflows • Increase Revenue • Reduce Churn • Improve Customer Experience • Reduce cost • Faster Decisioning Etc. • Acquisition • Marketing • Personalization • Customer Care • Business Intelligence • CRM • Network Planning • Sales & Distribution
- 8. 8confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Use Cases
- 9. 9confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Drill down Usage Insights driven Micro-segmentation Client Objective • Improve customer engagement for ARPU enhancement Solution • Drill-down exploratory analytics based micro segmentation • Segment focused offers for individual subscribers Impact • 2% increase in month-on-month revenue • 28% higher revenues & MOU ARPUSlabs VAS SMS Voice usage DATA Outgoing Incoming Long term inactivity Short term inactivity Product Affinity Local Long distance Drop in O/G MoU Drop in balance Leg-wise Usage Segments Usage Behaviour
- 10. 10confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Prescriptive Offers for Touch Point Personalization Client Objective • Improve customer experience through personalized offers at customer care touch points Solution • Prescriptive analytics based offers, prioritized based on touch point preferences Impact • Conversions on customer care touch point increase to 11% • Offer decline rate reduced to 0.17%
- 11. 11confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Using Predictive Scores in Retention Campaigns Client Objective • Proactively win-back customers with relevant offers Solution • Segmentation of subscribers based on churn propensity, win-back propensity and score based on uplift margins • Contextual offers to enable customer win-back Impact • Drop in churn by 25%
- 12. 12confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Insights driving Mobile Advertising Workflow Client Objective • Generate quick buzz for new handset models in niche market Solution • Exploratory and heuristic analytics based segmentation: on location, handset, usage and profile • Precisely targeted mobile advertising campaign Results • Reach: Half a million in less than two weeks • Over 10% increase in footfall to client’s retail store • Zero wastage Any Subscriber persona in non PII format
- 13. 13confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© New Revenue Streams – more sources Footfall Analysis Device – Market Trends • Market Share/Movement • Competitor Position • Popular Models, etc • Subscriber Movement • Population distribution • Suitable locations for ATMs, Shopping Malls, OOH Boards etc
- 14. 14confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Measure to Optimize! 4% Increase in Gross Revenue 30% Growth in Mobile Money users 10% Growth in Data Users 105% Increase in Special offer Sales 300% Increase in Store Footfall 25% Drop in Churn Controlgroupbased measurement Accurate impact measurement Analytics Actions and decisions Workflows Impact measurement Feedback to reinforce analytics and iteratively optimize decisions/actions Afew impactpoints
- 15. 15confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Summarizing: Economic Potential of Telco Data Next Best Offers Upselling Cross selling, retention, etc. 3G/4G Promotion Handset Bundle, Roaming Packs, etc. Social influencers, Friends and family, etc. Contextual Engagement Location based Offers, etc. Targeted Ads Market Research, etc. Handset Market Share New Handset Promotion, etc. OTT partnerships, etc. Location based Ads, Footfall Analysis, etc. Internal monetization External monetization 2-3% 1-2% .5-1% 0.5-1% 1-2% 0.5-1% 0.5-1% 0.5-1% Customer Data Infrastructure Data Location Data Social Data >10% total economic impact Source: Gartner, IDC, Flytxt Research
- 16. 16confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Flytxt Our vision is to create >10% measurable economic value for Mobile Enterprises through Big Data Analytics Flytxt’s solutions create incremental revenues from new and existing sources, optimizes margins and enhances customer experience Dutch company with corporate office in Dubai, global delivery centres in India and regional presence in Mexico City, Johannesburg, Singapore, Dhaka and Nairobi Winner of ICMG 2014 architecture award, Stevie International Awards 2014, Frost & Sullivan Product Excellence Awards and Gartner Cool Vendor 2013 PartnersOperators Proven across many Countries, Brands and Logos Brands
- 17. 17confidentialFlytxt. All rights reserved. 28 April 201528 April 2015© Thank You www.flytxt.com
Hinweis der Redaktion
- Value Drivers: Rich Data, Deeper Insights, Faster Decisioning, Diverse internal and external monetization use cases Data integrated and analyzed Advance analytics to derive deeper insights Ability to take decisions faster and execute actions on time Ability to support diverse use cases for value generation – internal and external monetization
- Realizing optimal value of data is a journey undertaken from data streams to value streams. It passes through Integrate Big Data, Fast Data from multiple sources – customer, usage, network, location, device etc Performing advance analytics to derive deeper hidden actionable insights Generating incremental revenue through faster decisioning – within internal workflows Sharing these insights to external workflows, to drive adjacent services and generating revenue streams Measure the economic impact, and optimize iteratively with better data sources, reinforced learning, iterative decision making, etc
- It is important to have Big Data processing capabilities, through taking care of high volumes, high variety of data and ensuring high data veracity (quality) It is equally important to ensure real time data processing through Fast Data capabilities – through billions of events per day – reduces time to marketing action significantly Operators need a diverse set of technical capabilities to ensure this, including technologies such as Hadoop (for Big Data processing), In-memory database (for real-time trigger generation) and Spark (for running machine learning on large data sets).
- Advanced analytics involves employment of various types of analytics, different packaged analytical models, and smart visualizations. How quickly insights can be served and used by business users holds the key in faster decisioning and value creation. Analytical models are created with multi-dimensional analysis using advanced techniques ranging from descriptive and exploratory to heuristic, predictive and prescriptive. Different types of data like profiles, usage, product, location, social, handset, network, campaign, RoI, etc. are integrated and analysed with a wide range of algorithms to build reusable analytical models. Packaged analytics library has a collection of models available for business users to drive various internal and external data monetization use cases. The integrated analytics framework can generate interactive smart visualizations that help business users to analyse and interpret complex data clusters, patterns and correlations with ease. These visualizations are also built into specific packaged analytical models consumed by multiple business applications to enable faster decisioning.
- Value of data can be derived from internal use cases and external use cases. Leveraging insights for decisioning across business workflows to enhance customer experience, increase revenues and reduce churn through internal workflows – Internal Monetization Few examples – Marketing Campaigns, Customer Care Touch Point Personalization, Sales and Distribution Optimization etc. Applying right analytics , transforming data to deeper consumer insights, and sharing these insights to third parties to drive adjacent services and use cases – External Monetization Few Examples – Mobile Advertising, Footfall Analysis to retailers, Handset market share analysis etc Let us look at how business users can make use of insights quickly to make decisions faster with few examples.
- Indian CSP faced the challenge of ensuring right communication reaches right subscribers – as many subscribers opted out of communication due to irrelevant offers Micro-segmentation using multi-dimensional data analytics was the solution – here drilled down usage analysis is done and different usage leg wise details are available to slice and dice the segment base. Here from the UI users can choose any of these granular usage criteria so as to segment it. There could be even machine learned heuristic persona like ‘Heavy Data Users’ which can also be used while segmenting the base. The more granular you can go, the more accurate would be your understanding of each segment. Such micro-segmentation helps in having an in-depth understanding of the usage preferences and usage patterns so as to decide right offers for each segment Inactive subscribers were approached more aggressively and active subscribers were given less aggressive offers 8 million unique subscribers were covered in a month
- Rejection rates at customer care touch points was high for the Indian CSP Every agent could see many offers mapped to a single subscriber – hence no personalization was possible Prescriptive analytics based offer recommendation and recent touch point behavior based offer prioritization was done with machine learning algorithms. These offers were then served to customer care touch point for individual subscribers visiting customer care touch points. Here Agents could get the right offers with a single click, reducing the call hold time by 30%. Machine learning driven offer recommendation and prioritization made the life easy for agents. Here the conversions improved to 11% over the customer care touch point.
- In this use case, the CSP wanted to win-back subscribers who has high propensity to churn The CSP could do a 3-step filtering process based on propensity to churn, propensity to win-back and uplift score. Now these scores are made available as segmentation criteria for business users when they plan out a retention campaign. Propensity values and scores were derived through multi-dimensional analytics based on profile, usage, recharge and behavioral data Such a campaign not only reduces churn, but also increases revenue and margin as not the same offer and discount is given to all. It is varied as per the uplift propensity.
- Case of external monetization on multi-dimensional analytics and insights Brand was looking to target a niche segment quickly so as to promote their new models before competitors could react with counter offers. They wanted to target young population who uses data services frequently and who are still using relatively lower end models from competitors. They could also include location criteria so as to restrict campaigns to those regions where brand has retail outlets. Any persona can be created through natural clustering and heuristic analytics and these persona are in non PII format, hence ensuring subscriber privacy. These persona models can be readily used by brands and advertisers The brand was able to target the right niche of subscribers with the right promotional offers with in 2 weeks time, much quicker and less costly when compared to ATL campaigns
- Once the use cases are established, it is important to measure the impact of use cases effectively, and use the measurement to iteratively improve the workflows Accurate impact measurement is achieved through techniques like control group Feedback is given back to analytics which in turn impacts actions/decisions in the cyclical process. This is important as we can iteratively optimize with Better/different data sources New insight models/reinforced machine learning Iterative decision making – changing the product, channel, price etc
- Value of data depends on how much economic value can be derived using internal and external monetization Internal monetization can potentially generate 2-7% economic value for CSPs External monetization can generate 2-5% economic value