Indian Institute of Management Lucknow

Analytics for Effective Marketing Decision

Indian Institute of Management Lucknow

Marketing
Partner Institution

How would you like to get started?

About Programme

Data driven marketing decision has become a mainstream practice by majority of marketing organizations in recent times. Customers are more empowered and connected than ever and becoming more so. Customers have access to information anywhere, anytime – where to shop, what to buy, how much to pay, etc. As consumers are having more choices, they are becoming more demanding. That makes it increasingly important to predict how customers will behave when interacting with market, so you can respond accordingly. Customer analytics comprises of tools and techniques that help in capturing insights on customer behaviour at competitive and diverse marketplace that are anticipated, relevant and timely. The insights generated through customer analytics help in creating accurate view of a customer to make decisions about how best to acquire, engage, retain, expand customer base and grow sale for existing customer.

Programme Content

Review of Elementary Statistical Analysis

Understanding Customer Need and Underlying Purchase criteria by Factor Analysis

Regression analysis and Discriminant analysis for classification and prediction.

Cluster Analysis for market segmentation New Product Decisions using Conjoint Analysis Multi-Dimensional Scaling (MDS), Correspondence, factor and discriminant analysis for

Sentiment analysis for monitoring consumer generated social media data

Customer Life time value analysis

Customer Churn Analysis

RFM Analysis for customer segmentation and positioning in retail

Market Mix Modelling

Programme Objective

To become an intelligent user of emerging analytic tools and techniques, one will need to have a clear road map. The foremost reason of the program is to provide unique platform where participants can learn use of contemporary customer analytics tools and techniques for appropriate marketing decision to acquire, engage, retain, expand customer base and grow sale for existing customer.

Pedagogy

Predominant methodology of learning will be throughpresentations, classroom exercises and real life business applications example demonstration through videos, conversation and collaborative learning

Programme Audience

Marketing professionals

Analytics professional

IT specialist/Data Scientists

Data analyst

Academicians

Doctoral students

Program Certificate

certificate

Earn a certificate after the course completion. Certificates will be issued by the institute..

Other programs in this subject area you might find useful

Same topic, Similar duration - Broader exploration across all institutes

Contact us for the further details

Speak with an Advisor

  1. Contact Person Details
  2. Testimonials
  3. Programme Benefits

Prashansa Uttam

Programme Advisor

+91 9403890085contact@echomind.oneMon – Fri, 9am – 5pm IST

Tell us about your program enquiry

Fill out the form below and our team will get back to you within 24 hours.

Analytics for Effective Marketing Decision | IIM Lucknow