Churn Model
Tasked with preventing churn and protecting market share? Need to accurately target high-risk customers on specific pricing plans, using certain products, or within high-value segments? This model is tailored for you. It empowers your strategies with precision targeting, helping you proactively engage and retain your most at-risk customers and secure your competitive edge.
The GlorifAI team helped Verizon achieve an industry-leading churn rate by deploying this Churn Model methodology across the enterprise, utilizing CRM and omni-channel interaction data for cutting-edge model performance.
This model is applicable for a range of industries like Telecom, Streaming Media Services, Entertainment, Hospitality, Airlines, Retail, Banking, Health Insurance and more.
Full model price: $50,000
- $5,000 initial deposit
- $20,000 first payment (invoiced at data access)
- $25,000 final payment (invoiced at model delivery)
PRODUCT INFO
Use Case
This model excels at identifying key drivers behind customer churn, enabling businesses to refine their retention strategies and design customized offers. By understanding the specifics of why customers consider leaving, our model helps you proactively address these issues, tailoring interventions and incentives that effectively retain valuable customers and enhance overall satisfaction.
AI/ML Modeling
A range of algorithms will be tested for the best AUC/outcome like XGBoost/GBM, Neural Network, SVM, ANOVA, KNN, K-Means, etc.
LLMs and NLP techniques may also be used to enhance model performance.
Model Delivery
One-time purchase:
- Propensity scores
- Customer ranking
- Leading model predictors
- Model performance
- Insight session
On-going monthly service additionally includes:
- Tracking leading predictors
- Model monitoring
- Seemless model refresh with market trend changes
- Strategy session every 3 months of service
- 10% discount on full model price
DELIVERY AND PAYMENT
We will contact you within 2 business days of your deposit to set the engagement date and provide instructions for the required data set.
The first model payment is invoiced at the data access date. Model delivery usually occurs 3-4 weeks from the data access date. The final model payment is invoiced at the model delivery date.
REFUND POLICY
Deposit fully refundable before engagement date.
If we cannot detect a pattern for a stable model, the final model invoice will be waived and we will provide you with data assessments, findings, insights and further recommendations.