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The world of insight generation has transformed through impressive advances in the ability to generate, aggregate and analyse data. Companies now have access to a broad array of data sets:
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Internal data on customer interactions (both digital and analogue)
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Transactions
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Profiles
Widely available third-party data sets that cover:
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Customer attitudes
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Purchase behaviours
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Preferences
New data sets on:
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Customer health
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Sentiment
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Location (in-store, for example)
All this valuable data is generated by the Internet Of Things (IoT). Why use a survey to ask customers about their experiences when using data to predict both satisfaction and the likelihood that a customer will remain loyal, bolt, or even increase business?
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