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WEBKDD 2001 - Mining Web Log Data Across All Customers Touch Points

About The Rich web logs provide companies with data about their customers and prospective customers, allowing micro-segmentation and personalized interactions. In addition, customer interactions, including personalized content, e-mail c- paigns, and online feedback provide new channels of communication that were not previously available or were very ine?cient.WorkshopTheme The ease and speed with which business transactions can be carried out over the Web has been a key driving force in the rapid growth of electronic commerce

Data obtained from conventional channels provide invaluable knowledge on existing market segments, while mobile communication adds further customer groups. Rich web logs provide companies with data about their customers and prospective customers, allowing micro-segmentation and personalized interactions. In addition, customer interactions, including personalized content, e-mail c- paigns, and online feedback provide new channels of communication that were not previously available or were very ine?cient. Once customers are acquired, customer retention becomes the target. Althoughweblogsarethesourceforvaluableknowledgepatterns,oneshould keep in mind that the Web is only one of the interaction channels between a company and its customers. In response, companies are beginning to integrate multiple sources of data including web, wireless, call centers, and brick-a- mortar store data into a single data warehouse that provides a multifaceted view of their customers, their preferences, interests, and expectations. The Web presents a key driving force in the rapid growth of electronic c- merceandanewchannelforcontentproviders.Knowledgeaboutthecustomeris fundamental for the establishment of viable e-commerce solutions. Retention through customer satisfaction and loyalty can be greatly improved by acquiring and exploiting knowledge about these customers and their needs. WorkshopTheme The ease and speed with which business transactions can be carried out over the Web has been a key driving force in the rapid growth of electronic commerce. Customer acqui- tion costs in the hundreds of dollars per customer are common, justifying heavy emphasis on correct targeting.

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WEBKDD 2001 - Mining Web Log Data Across All Customers Touch Points

Books > Popular Science

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