BriefsReal-Time Marketing with Quadstone's Actionhouse:RTBoston, MA - October 15, 2001 - Quadstone today announced the addition of real-time scoring and rule management capabilities to the Quadstone System with the launch of Actionhouse:RT (RealTime). This latest extension to the Quadstone product line supports real-time marketing responses to customer interactions. For example, as customers call into service centers or browse web sites, decisions on the right service or offer are made instantly, based on the latest behavior of the customer. Since launching the Quadstone System five years ago, Quadstone has focused on helping clients harness the predictive power of their customer data to find more effective ways to tackle the '4Rs' of customer behavior - Retention, Response, Risk and ROI. As marketing moves from a product focus to a customer focus, so the core rules of marketing will move from traditional marketing's 4Ps to the 4Rs of analytical marketing. Those organizations that can leverage their customer intelligence to make the right customer decisions, in real-time, will create a substantial competitive advantage. Meta Research Fellow Wolfgang Martin sees real-time marketing as an important development for customer focused organizations: "Organizations should move from traditional campaign management to real-time marketing to implement holistic customer relationship management and to exploit the value of a panoramic customer view." Actionhouse:RT has been developed for environments where marketing decisions are made continuously throughout the day such as call centers, point of sale and web sites. To date, operational systems have typically deployed rules and customer scores based on historical data that has been updated on a weekly or even monthly basis, but Quadstone's new real-time functionality updates customer scores as soon as new information about a customer interaction is captured. This places companies in a much stronger position to make the most relevant offer to a client during, rather than after, each particular interaction. This speed of interaction is particularly vital for retention initiatives when a 5% improvement in customer retention rates will yield an increase of 25% to 100% in profits across a wide range of industries. Quadstone's predictive marketing tools augment the value of operational customer contact systems such as ATG, BEA and Siebel. These systems have extensive frameworks for applying customer contact rules to personalize customer interactions. Quadstone provides sophisticated customer behavior models and rules to fuel these personalization and recommendation engines, driving more effective and profitable sales, marketing and service interactions. Rather than just exporting a customer score, Actionhouse:RT exports models either direct to operational systems or packaged as callable objects so that customer scores can be recalculated as information is added to the operational system or database. For more information visit www.quadstone.com. |
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