Customer segmentation has undoubtedly been one of the most implemented applications in data analytics since the birth of customer intelligence and CRM. Data scientists and modern business analysts work closely together to achieve and automize a comprehensive description of the company’s group of customers.
However, they usually came across these two challenges:
~ Need to implement a customer segmentation frame that can accommodate a self-adjusting procedure.
~ Need an interactive way to inject their knowledge into the customer segmentation frame without ever opening the underlying data processing workflow.
Learn how to generate different customer groups using clustering and how to provide insights into the performance of sales activities.
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16. Customer segmentation is the practice of dividing a customer base
into groups of individuals that are similar in specific ways relevant to
marketing, such as age, gender, interests and spending habits.
19. Customer segmentation procedure
Data Collection
Deciding what data will be
collected and how it will be
gathered
Data Analyses
Collecting data and
integrating data from
various sources and
Developing methods of
data analysis for
segmentation
Segmentation
Establishing effective
communication among
relevant business units
(such as marketing and
customer service) about
the segmentation
Implement
Implementing applications
to effectively deal with the
data and respond to the
information it provides
01 02 03 04
25. Send those clusters to marketing
or sales team
Data preparation
In this workflow, we will prepare
data to feed into machine
learning model
Model deployment
In this step we will deploy the
model as a Web portal on knime
server
Collaboration
Clusters labeling
Model will give different clusters,
we have to tag those clusters
Model training
In this workflow, we will train a
machine learning model and
save it
Workflow
Customer segmentation workflow with knime
Knime Analytics Platform Knime server
26. Advantages of using knime as solution
Low Code Modular Scalable Plugin Based Inbuilt
Collaboration