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Dig Deeper into Customer behavior with SAS Business Analytics

Author: Prem Kumar
by Prem Kumar
Posted: Aug 26, 2015

Customers are becoming more empowered and knowledgeable, impacting their buying behavior. This has created a need of greater background work for the companies and strategists in order to identify, attract and retain the most profitable customers. Customers have access to information- any type and any place- where to buy, what to buy, what to pay and what not to pay. The main challenge which the businesses encounter is to turn this data into insight which can prove helpful for the business in long as well as short run. Consequently, the businesses worldwide are continuously making efforts to better know their customers- in terms of buying nature, purchasing power and what not.

Know your Customer

Every time a customer considers a buying alternative, the social networks becomes the ultimate destination for the sorts of reference and reviews regarding the brands. The customers of today have evolved and are curious too. They now believe in making a well-researched decision. Hence knowing the customer has become even more challenging job.

Customers are becoming more knowledgeable and well-connected now-a-days. Social media has evolved to be a great influencer in the buying decisions of the customers. This has created a major responsibility to identify the right offers and at the right time in order to target the perspective customers and retain the existing ones. Unfortunately this is no magic theory to get those insights and the marketer has to depend upon the analytics for the major part of the role.

Analytics brings you closer to your customer

Customer is regarded to be the king!

To be successful in business endeavors, marketing gurus have been taking the aid of predictive analytics to get a deeper understanding of the customer behavior. The focus is not just on creating statistical descriptive reporting of the data, it has now moved on providing better assessment of future forecasts. Here comes in play the analytics which is popularly known to us as Customer Analytics. Customers have evolved with time and so has the Customer Analytics. Fortunately the fact doesn’t need any proof that if you understand your customer well, you will be able to sell well.

In the raging competitive atmosphere, where there is fight for imbibing virtual map prints in the consumers’ mind set, Analytics become the chief factor. To better target the services and product, corporates have to know about the buying patterns and lifestyle preferences of customers. Customer Analytics has today become the backbone of marketing strategies making its presence felt from boardrooms to the supply chain.

The advanced tools of SAS such as predictive modeling, data management and information segmentation have made the whole Customer Analytics easier and more meaningful. Now with the deployment of SAS advanced techniques, corporates are easily finding the sweet spots which promises growth in loyalty and profitability, simultaneously creating a long log of opportunities for the DATA Analytics professionals having in-depth knowledge about the various SAS deployments. Multisoft Virtual Academy is known to offer SAS BASE and SAS ADVANCED online programs which go a long way in helping the professionals with necessary assistance and knowledge building. Log on to http://www.multisoftvirtualacademy.com/sas-base-and-advanced-sas-online-training-courses.php to get more details about the program.

About the Author

Multisoft Virtual Academy offers online training courses for CBAP, SAS, ITIL, PMP, Salesforce, Primavera, Ethical Hacking.

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Author: Prem Kumar

Prem Kumar

Member since: Aug 19, 2015
Published articles: 15

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