New Social Network Analysis Module Strengthens KXEN Automated Data Mining

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Tue Mar 24, 2009 10:00am EDT

Leverages Connections Between People to Boost Marketing Campaign Results and
Profitability
SAN FRANCISCO & PARIS & LONDON--(Business Wire)--
Sales, marketing and customer retention campaigns are set to become smarter,
more effective and more profitable thanks to a new social network analysis
module from data mining automation vendor KXEN. By exploiting the connections
between customers of telcos, banks, retails and others, KXEN's new KSN module
has shown more than 15% lift improvement in campaign results. 

KSN identifies the otherwise hidden links - call records or bank transfers for
instance - between friends, families, co-workers and other communities and
extracts significant social metrics, pinpointing who are the best connected and
who plays the most important role in any group. In this way it reveals valuable
new customer intelligence that - when added to existing customer information -
can strengthen significantly user organizations' customer acquisition,
retention, cross-sell and up-sell campaigns. 

Using KSN, companies can increase the accuracy and precision of their campaigns
by leveraging the many more customer attributes that the module reveals,
allowing them to better predict when customers may be about to churn to another
provider, close an account, or buy a new product. A feature unique-to-KXEN
allows the analysis of multiple networks and their evolution over time, exposing
specific patterns of behaviors like rotational churn, fraud and identity theft. 

"Traditional marketing relies on models based solely on customer-vendor
interaction and assumes customers act independently of each other," says KXEN's
founder and CEO Roger Haddad. "But the new social network technology in KSN
recognizes that customers do indeed interact with each other, and exploits that
knowledge to drive up the effectiveness and completeness of marketing and sales
campaigns." 

KSN integrates with and enriches existing data mining environments or may be
deployed entirely standalone. Exploiting viral marketing thinking, it eliminates
the normally tedious and labor intensive aspects of social network analysis. The
module provides as many social network maps as users want, recognizing that
individuals may belong to many different networks across their business, family
and social lives. 

KSN, shipping from today, complements the existing KXEN Text Coder module which
allows organizations to include plain text data into their analytics activities.
Together the two modules, along with KXEN's core software, are behind the
company's Data Fusion approach which combines structured and unstructured data
from multiple sources to generate fast accurate results, thus maximizing
organizations` return on analytics investments. 

Please click here to learn more about the KXEN Social Network Analysis module. 

About KXEN

KXEN, The Data Mining Automation Company delivers next-generation Customer
Lifecycle Analytics to enterprises that depend on analytics as a competitive
advantage. KXEN's Data Mining Automation Solution drives significant
improvements in customer acquisition, retention, cross-sell and risk
applications. Its solution integrates predictive analytics into strategic
business processes, allowing customers to drive greater value into their
business. Find out more by visiting www.kxen.com. 





KXEN
Michele Moussavi, +1-415-904-4165 (North America)
michele.moussavi@kxen.com
Caroline Tailleferd, +33 1 41 44 79 54 (Europe)
caroline.tailleferd@kxen.com



Copyright Business Wire 2009

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