2016
DOI: 10.4018/ijban.2016040102
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Text Mining to Identify Customers Likely to Respond to Cross-Selling Campaigns

Abstract: This paper reports on the results of extracting useful information from text notes captured within a Customer Relationship Management (CRM) system to segment and thus target groups of customers likely to respond to cross-selling campaigns. These notes often contain text that is indicative of customer intentions. The results indicate that the notes are meaningful in classifying customers who are likely to respond to purchase multiple communication devices. A Naïve Bayes classifier outperformed a Support Vector … Show more

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Cited by 9 publications
(3 citation statements)
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“…Among other capabilities, text analytics analyzes a document's linguistic structures to extract a wide range of content, including dates, places, companies, concepts, or topics (Valacich & Schneider, 2012). By isolating critical pieces of information, text analytics can determine the general meaning of the text which can be used to assist decision making in various application domains (Ramsey & Bapna, 2016). Specific areas of application include information extraction, topic models, question answering, and opinion mining (Chen, Chiang, & Storey, 2012).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Among other capabilities, text analytics analyzes a document's linguistic structures to extract a wide range of content, including dates, places, companies, concepts, or topics (Valacich & Schneider, 2012). By isolating critical pieces of information, text analytics can determine the general meaning of the text which can be used to assist decision making in various application domains (Ramsey & Bapna, 2016). Specific areas of application include information extraction, topic models, question answering, and opinion mining (Chen, Chiang, & Storey, 2012).…”
Section: Literature Reviewmentioning
confidence: 99%
“…DDE executes primarily as a background process. Gregory et al [9] they have reported on the results of extracting useful information from text notes captured within a Customer Relationship Management (CRM) system to segment and thus target groups of customers likely to respond to cross-selling campaigns. These notes often contain text that is indicative of customer intentions.…”
Section: Related Workmentioning
confidence: 99%
“…Content mining also enables researchers to capture a large number of web resources (e.g., consumer reviews and comments) efficiently and the text resources are from real consumers. From previous studies, this method was used in the manufacturing sector to facilitate mass customization (e.g., Zhou & Ji, 2015) and in exploring individual customers' probability of responding to a campaign (e.g., Ramsey & Bapna, 2016). However, to date, this effective approach has not been used to excavate and examine comments from consumers who have had real experiences in menswear customization.…”
Section: Introductionmentioning
confidence: 99%