The power of Customer Churn Prediction
Today, most businesses are making customer retention a top priority while gearing towards the automated prediction of customer churn, also known as attrition. Pivotal in any subscription-based business model (banking, telecom, digital services, etc.) refers to identifying the customers who will most likely unsubscribe or simply stop using a product or service in the near future.
Traditional surveys based on running questionnaires or interviews suffer from a high cost, limited access to the customer population, and data self-reporting. Detecting churn by observation is almost impossible. That’s where we come in.
Churn Prediction Services by Tremend
Tremend provides a bespoke Churn Prediction model specifically designed for the needs of modern companies. Let’s explore some of the strengths of our model below:
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