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Best Next Action Technology for Telecommunications

White Paper Published By: FICO EMEA
Published:  May 31, 2019
Type:  White Paper
Length:  4 pages

The telecommunications market is highly saturated. In most of the developed world, nearly everyone who wants a mobile phone has one. There are opportunities for carriers to increase service usage or upsell customers on higher-value devices or services, but each new account generally comes at a competitor’s expense—so customer retention is crucial.

Telecom service providers need to reduce losses, prevent churn and maximise revenue on their offerings. FICO’s Best Next Action™ technology can be an important tool to achieve all of these objectives, either by presenting new offer terms or cross-selling other products and accessories to enhance the customer’s telecommunications experience—the handset upgrade, better financing terms, insurance on the handset or a subscription service for content.

  • Prevent account churn 
  • Optimise service utilisation
  • Segment accounts
  • Tailor the contact method to the account

Tags : 
telecommunications, advanced analytics, telco, customer retention