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<p> </p> <p> <strong><span class="fontstyle0">Abstract</span></strong><span class="fontstyle1">— </span></p> <p><span class="fontstyle3">With a rapidly growing customer base, it has become increasingly difficult for companies to manage and<br />understand customer data, even with the assistance of Customer Relationship Management (CRM) platforms. </span></p> <p><span class="fontstyle3">The vast progress achieved in the field of<strong> Data Analytics</strong> has made it possible to extract meaningful information from raw customer<br />data efficiently, using which well-informed decisions can be made to enhance customer relationships. </span></p> <p><span class="fontstyle3">This paper discusses the power of Data Analytics and <strong>CRM platforms</strong> working in unison,<strong> known as CRM Analytics</strong>. </span></p> <p><span class="fontstyle3">It covers the various applications of CRM Analytics and the key data mining techniques used by business organizations. A comparison between top CRM platforms is carried out and a case study on the latest cloud-based Salesforce CRM platform is presented.</span></p> <p> <span class="fontstyle0"><strong>Data Analytics</strong><br /></span><span class="fontstyle2">This is a field that is a narrower perspective of Data Science. Data Analysis is a process of analyzing the data,cleaning it, reconstructing, and modeling data to gain meaningful information, deriving insights, and supporting recommendations</span></p> <p> <span class="fontstyle0"><strong>DATA MINING TECHNIQUES USED IN ANALYTICS</strong><br /></span><span class="fontstyle2">Data mining can be defined as the process of identifying patterns in data from which useful and actionable insights<br />are gained. There are many data mining techniques that organizations can use, that involve everything from the<br />basics of data preparation to cutting-edge artificial intelligence. To mention a few key techniques [20][21]:<br /></span><span class="fontstyle3">a) <strong>Tracking Patterns</strong><br /></span><span class="fontstyle2">It involves the methodology of noticing trends in the data and monitoring them to make some intelligent inferences.<br />Once a trend in sales data has been identified, a basis has been established on which actionable insights can be taken .<br /></span><span class="fontstyle3">b) <strong>Outlier Detection</strong><br /></span><span class="fontstyle2">It is used to determine aberrations in the data. The anomalies once found by the organization, it can be used to<br />their advantages as it helps them understand why these outliers exist and occur. It would also help them prepare<br />and be aware while working on future business outcomes <br /></span><span class="fontstyle3">c) <strong>Association</strong><br /></span><span class="fontstyle2">The data mining technique association is also like the notion of correlation. What this means is that there is a<br />relationship between the two data events: this could be the simple example of where when someone purchases a cycle<br />it is frequently accompanied by a purchase of a safety helmet.<br /></span><span class="fontstyle3">d) <strong>Classification</strong><br /></span><span class="fontstyle2">Classification is the process of analyzing all the different attributes associated with the kinds of data types that exist.<br />After which a set of attributes are assigned to each data type and then new data can be easily classified into one of the data types based on its attributes .<br /></span><span class="fontstyle3">e) <strong>Regression</strong><br /></span><span class="fontstyle2">This process can be simply defined as a method of identifying the type of relationship that exists between an<br />output field and every other attribute. It belongs to the category of white-box techniques, there are different types<br />the most popular being linear and logistic regression.<br /></span><span class="fontstyle3">f)<strong> Decision Trees</strong><br /></span><span class="fontstyle2">Decision trees have an extremely forward nature of learning, they too belong to the category of white-box<br />techniques. They are used to determine how a set of input attributes affect the result or output field. When many<br />decision trees are combined a random forest is created which is a predictive analytics model</span></p> <p><span class="fontstyle0">g) <strong>Clustering</strong><br /></span><span class="fontstyle2">This data mining technique as the name suggests is used to group similar objects or data into a single entity called a<br />cluster. Every cluster in independent of every other cluster that is created and this technique is highly used in performing exploratory analysis </span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <h1 class="elementor-heading-title elementor-size-default"> </h1>
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