- User churn refers to the phenomenon of customers or users of a product or service disengaging or ceasing to use it over time, which can be detrimental to the business.
- Understanding the reasons why users churn can help companies develop strategies to retain their customers and improve their overall product or service.
- The dataset includes a dim table containing information about users of a telecommunications network company, including fields of demographic information and information related to the user's churn.
- Create an overview dashboard for managers that displays the churn status of users and helps identify which users are part of the churn group.
- Develop solutions to improve the situation and reduce user churn.
Here are the five steps of design thinking:
- Competitors have better offers + prices than our company.
- Our customer service is not good, churn customers have a much higher avg customer service call rate = 2.4 than average.
- Customers who use 0 - 10 gb of monthly download and subscribe to Unlimited Data plan have a higher churn rate than the rest of the group.
- Customers with "month to month" contracts have a high churn rate of almost 90%.
- Need to improve customer service: optimize the problem-solving process: quickly for customers, avoid the situation that customers call many times without solving the problem.
- It is necessary to have online + phone consultants to solve the problems that customers encounter
- Customers who sign up for a month to month contract need to have incentives for: top up, preferential data packages to retain this group of customers.
- Need to improve the unlimited data package in terms of price or create a really preferential data package for the group of customers who need to use from 0 to 10 gb monthly.
- Create great offers for new customers, but also have incentives and gratitude for loyal customers, but customers churn because competitors are better than our company 45% of the reason for churn.