Enhancing Zia's Churn Prediction with descriptive reasoning and usage data

Enhancing Zia's Churn Prediction with descriptive reasoning and usage data

Dear all,

We're excited to announce a couple of major enhancements to the Zia Churn Prediction feature: descriptive reasoning and the inclusion of data usage.

Before we discuss the improvements, here's a quick recap of what Zia Churn Prediction is all about in the first place.

Zia Churn Prediction is an essential tool that enables businesses to forecast customer and revenue churn. It assists organizations in identifying potential customer loss by examining variations in customer count and transaction patterns. The Churn Prediction widget on the record detail page displays the contact's churn score, which indicates its likelihood of churning. A higher score indicates a higher possibility of churn, and this information enables businesses to concentrate their sales efforts on customers with higher churn scores.


As mentioned, we've now improved our churn prediction feature in the following ways:

Descriptive reasoning for churn details

Instead of simply providing a churn score that indicates which customers might leave, Zia will now provide reasons behind the prediction. That is, if Zia predicts a high churn risk for a particular customer, it will now also reveal which factors have contributed to this conclusion.

The churn prediction widget now has a Learn More button. Upon clicking it, a pop-up will present detailed reasons behind the customer's likelihood of churning


The pop-up also displays the proportionality of each reason's contribution to the prediction score. For instance, if poor service quality, competitive offers from competitors, and billing issues are the main reasons a customer might churn—the churn-inducing factors—the pop-up will indicate how much each of these factors has contributed to the predicted score. This adds a layer of transparency and enables you to understand the why behind churn predictions.

Additionally, Zia also lists churn-preventing factors, which are factors that keep the customer engaged and avoid or delay possible churn, along with how much value each factor holds.

These reasons will be determined by considering all customer module touch points, including data points from related modules and VOC data.

Including usage data to enhance predictions

Moving on to our second enhancement for Zia Churn: You can now direct Zia to analyze data from Google Analytics, and soon from other platforms like Mixpanel.

Zia can use this feature to observe customer engagement via events from third-party analytics platforms like Google Analytics. By analyzing metrics like login frequency and product usage, Zia can enhance the accuracy and timeliness of customer churn predictions.

This integration is managed within the CRM, where you can establish a connection between Zia and Google Analytics and specify which customer data Zia should monitor.


Who can enable the integration?
This feature is available for customers who already have churn predictions set up in Zoho CRM. For those in the process of setting up data, including usage data isn't yet possible. Once the setup is complete and the necessary permissions are granted, Zia will use a combination of transactional and usage data to provide more nuanced churn predictions.
Points to remember
  • We've incorporated robust error-handling measures to ensure data integrity. If essential data components in Google Analytics are deleted, Zia will cease to use that data source, thereby maintaining the accuracy of churn predictions.
That's all for these enhancements. Please share your feedback in the comments below.


Thanks
Nizamuddin

P.S. These enhancements are currently live for all users in all DCs. To check complete feature availability, click here.





                            Zoho Desk Resources

                            • Desk Community Learning Series


                            • Digest


                            • Functions


                            • Meetups


                            • Kbase


                            • Resources


                            • Glossary


                            • Desk Marketplace


                            • MVP Corner


                            • Word of the Day



                                Zoho Marketing Automation
                                        • Sticky Posts

                                        • Enrich your CRM data and keep them updated

                                          You spend a lot of your time and efforts in generating quality leads for your business. While generating leads is a challenge in itself, the real deal begins when sales reps try to nurture these leads and convert them as customers. So how equipped is your sales team with information about your leads matters a lot.  For example, you might be using webforms to generate leads and collect customer information from your website. The lesser your webform fields are, the more your sign-ups right? From optimizing
                                        • Zoho CRM Digest - February 2024

                                          We're thrilled to bring you the February digest, packed with exciting product updates and engaging discussions from the Zoho CRM Community. Keep reading to stay in the loop! Product Updates: Zia Enhancements Be it Tasks, Calls, or Meetings, Zia's activity
                                        • Canvas templates can now be shared with different CRM organizations

                                          ----------------------------------------Moderated on 14th February, 2023------------------------------------------- Dear all, This feature is now open for all users in all DCs. To learn more about importing and exporting canvas templates, read our help
                                        • Introducing Zia Presentation in Zoho CRM

                                          ----------------------------------------Moderation 2.0, Date: 22nd March' 24----------------------------------------- The Zia Presentation feature is now available for organizations in both Enterprise and Ultimate editions with 20+ user licenses in the
                                        • Blueprint enhancements - Parallel and multiple transitions, and more

                                          Last modified on Sep 4, 2023: All Zoho CRM users can now access these enhancements. Initially, these features were available only on an early access basis and by request. However, as of August 2, 2023, they have been made available to all users in all


                                        Manage your brands on social media



                                              Zoho TeamInbox Resources

                                                Zoho DataPrep Resources



                                                  Zoho CRM Plus Resources

                                                    Zoho Books Resources


                                                      Zoho Subscriptions Resources

                                                        Zoho Projects Resources


                                                          Zoho Sprints Resources


                                                            Qntrl Resources


                                                              Zoho Creator Resources


                                                                Zoho WorkDrive Resources



                                                                  Zoho Campaigns Resources

                                                                    Zoho CRM Resources

                                                                    • CRM Community Learning Series

                                                                      CRM Community Learning Series


                                                                    • Tips

                                                                      Tips

                                                                    • Functions

                                                                      Functions

                                                                    • Meetups

                                                                      Meetups

                                                                    • Kbase

                                                                      Kbase

                                                                    • Resources

                                                                      Resources

                                                                    • Digest

                                                                      Digest

                                                                    • CRM Marketplace

                                                                      CRM Marketplace

                                                                    • MVP Corner

                                                                      MVP Corner

                                                                    





                                                                    




                                                                        Design. Discuss. Deliver.

                                                                        Create visually engaging stories with Zoho Show.

                                                                        Get Started Now