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An advertising company uses a neural network software to determine which buyers are most likely to open their promotional emails based on past purchase behavior.
An advertising company uses a neural network software to determine which buyers are most likely to open their promotional emails based on past purchase behavior. Using data from previous email campaigns, the neural network trains itself to examine the impact of features and develop recommended solutions. The results almost doubled customers response rates to percent, which in turn, reduced product promotion costs by percent. This example illustrates the use of neural network technology to
increase new customers that often request online product quotes.
determine customer lifetime value and welldefined customer segments.
develop new products or make product and service recommendations to customers.
classify customers by their likely profitability when planning direct marketing strategies.
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