Customer Lifetime Value(CLV)
What is Customer Lifetime Value (CLV)? The total amount of money a single client spends with any company over the course of their engagement with their products is known as customer lifetime value or CLV. And it’s a crucial Key Performance Indicator (KPI) for insurance business entity to monitor. Simply said, customer lifetime value enables […]
Insurance Lead Scoring
What is Lead Scoring? It is a procedure where you rate your leads according to their saleability. You can maximise the value of each lead that comes into your pipeline by using lead scoring. This mechanism aims to assist businesses comprehend why, how, and when to use lead scoring. You may ascertain a prospect’s current […]
Real-time Analytics and Streaming Data: The Power of Instant Insights
Introduction: In today’s fast-paced and data-driven world, businesses are realizing the value of real-time analytics and streaming data. The ability to collect, process, and analyze data as it is generated in real-time opens up new opportunities for timely decision-making, proactive problem-solving, and gaining valuable insights. Real-time analytics and streaming data empower organizations to stay ahead […]
Machine Learning Models: Reflecting the Past or Predicting the Future?
Introduction: Machine learning has transformed data analysis and prediction, but there is often confusion surrounding the ability of machine learning models to accurately predict the future. It is important to understand that these models are based on historical data and patterns, making them more reflective of the past rather than capable of accurately predicting the […]