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Identify & Predict Customer Churn in Adobe Customer Journey Analytics | Adobe for Business

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Identify & Predict Customer Churn in Adobe Customer Journey Analytics | Adobe for Business

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61 segments

0:01

Adobe Customer Journey Analytics helps customer-centric brands

0:05

identify and predict churning customers.

0:08

Using a streaming video network as an example,

0:10

let me show you how we can find the customer journey issues

0:13

leading to churn and proactively mitigate them

0:16

before they become a wider problem.

0:18

In Analysis Workspace, we can use data

0:21

to predict the trend of viewership at the streaming network.

0:24

I'll turn on Forecasting,

0:25

a feature unique to Customer Journey Analytics,

0:28

which uses statistical models

0:30

to determine how data will change moving forward.

0:33

Looking at the projections, we see that viewership is trending down,

0:36

and if things remain the same,

0:38

we can expect that subscriptions will steadily decline as well.

0:41

Let's dig deeper and find out why.

0:43

So far, we've looked at total viewership.

0:46

Let's look at what users are streaming and what that can tell us.

0:49

Using a freeform table, we can analyze viewer metrics

0:52

to see how the various media genres are performing.

0:56

Let's see if we can learn anything more by digging into Nature Documentaries.

1:00

To quickly understand customer behavior,

1:03

we don't have to spend a lot of time guessing and checking the data.

1:06

Instead, we'll let generative AI support us

1:09

so we can focus on the findings.

1:12

Intelligent captions utilize advanced machine learning

1:15

and generative AI

1:16

to provide valuable natural language insights.

1:19

Here, we see that viewership dropped significantly

1:22

between May and August.

1:24

As we continue assessing key metrics,

1:27

like subscriber cancellations,

1:29

we can see a correlation

1:30

between a decrease in nature documentary viewership

1:33

and continued cancellations.

1:35

Let's see how we can fix this.

1:37

We can try targeting fans of nature documentaries

1:40

with a homepage and app takeover.

1:42

To determine the best creative to use,

1:44

we can run an A/B test in other Adobe Experience Cloud products

1:48

like Adobe Target or Adobe Journey Optimizer.

1:51

Once the experiment is live,

1:52

we'll analyze the results in Customer Journey Analytics

1:55

to find out if the campaign boosted Subscriptions

1:58

and Media Streams.

2:00

The experimentation panel can assess all the testing data

2:03

and tie it to any success metric we choose.

2:07

The Summary conclusively tells us

2:09

that one variation will have a massive lift

2:11

with very high statistical confidence.

2:14

As the new creative begins to influence customers,

2:17

we can trend and forecast again

2:19

to see how viewership and subscriptions are impacted.

2:23

That's a quick look at how to use forecasting

2:25

to identify and predict churn,

2:27

and mitigate attrition through testing, assessment,

2:30

and data-led decision-making.

2:31

Ultimately, we improved our subscription renewal forecast

2:34

and reversed several declines with insights

2:37

from Adobe Customer Journey Analytics.

2:39

It's data analysis at the speed of thought.

Interactive Summary

This video demonstrates how Adobe Customer Journey Analytics leverages forecasting and generative AI to identify the root causes of customer churn in a streaming network, allowing businesses to test and implement effective mitigation strategies to improve subscriber retention.

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