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Britton Manasco specializes in customer-focused initiatives that build business credibility and strengthen sales growth. His articles have appeared in Harvard Business Review; The New York Times; Sales and Marketing Management; CIO Magazine; 1to1 Magazine; and many other media outlets.
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This boundary spanning Industry Insider is designed to explore and assess how enterprises are capitalizing on customer insight to build powerful, profitable and enduring relationships. Customer Intelligence reveals the compelling strategies and practices behind today’s success stories – and provides a dynamic forum where thought leaders, business innovators and customer-focused executives can identify valuable opportunities. Drawing on the perspectives and experiences of leading lights in the customer intelligence community, we demonstrate how intelligent analysis and action is setting the stage for the next economy. Also, see our launch statement.
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Customer Intelligence

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May 10, 2004

And They're Off...

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Posted by Britton

Churchill Downs Inc. (CDI) , which hosts the Kentucky Derby and owns recognized race-tracks worldwide, is analyzing millions of in-person, telephone- and Web-based transactions to determine how best to strengthen relationships with its customers.

CDI stated recently that it is employing predictive analysis technology from SPSS to analyze a combination of demographic and psychographic information covering more than one million global customers, including the 150,000 members of the company's elite player-reward program, the Twin Spires Club. The objective: maximize customer lifetime value. left

"For well over a century, Churchill Downs Incorporated has served as the premier source of quality horse-racing content for sports enthusiasts the world over," said Atique Shah, vice president of CRM and technology solutions at CDI. "Our goal is to interact with customers on a one-to-one basis, ensuring that their experience is memorable. Not only do we want to reach our customers with the right offer, but we want to reach them through the channel they find most appealing."

Churchill Downs creates a powerful opportunity for leveraging data mining technology because it generates vast amounts of data across channels. It will employ SPSS Clementine predictive analytics to study the lifetime value of its customers and build models that anticipate preferences and potential behavior. "Overall, Churchill Downs Incorporated views predictive analytics as an asset," says Shah, who notes that the goal is to "achieve more effective customers relationships over time."

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COMMENTS

1. David Heffeld on May 26, 2004 11:23 PM writes...

I admire what Churchill is doing around customer analytics. Well done!

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2. Samantha Jewel on May 26, 2004 11:31 PM writes...

SPSS offers a good set of products for data mining use. I wonder which product is Churchill Downs using for analysis!

Having Shah onsite help ... trust me I know!

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