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Data Analytics for Customer Relationship Management: Improving Business Strategies
Subject area: Science,Engineering and Technology · Area of research: Data Analytics
Abstract
- The primary objective of this paper is to present a holistic and usefully managerially oriented perspective on customer relationship management (CRM) as a kind of company strategy. The primary goals are as follows: to investigate the beginnings of CRM, its subsequent development and the changes that have taken place over the course of time, as well as to outline its future directions; to evaluate the many different definitions of CRM and select the one that most accurately captures the essence of CRM; to investigate the components of CRM; to develop a structure that guarantees CRM is approached in a strategic, balanced, and integrated manner; to define CRM strategy; and to locate CRM strategy within the who, what, where, when, why, The article offers recommendations for effective CRM strategy applications. This study article makes an attempt to analyse researches on Big Data Analytics, Data Mining methods, and "Big Data Analytical Frameworks that may be employed in Customer Relationship Management. The purpose of this study is to present existing uses of Big Data in Customer Relationship Management, as well as their problems, limits, and potential future prospects in this sector by analysing the aforementioned research.
Keywords
CRM, Business, Analytical
References
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[20] M. Sakthivel, S. Kant Gupta, D. A. Karras, A. Khang, C. Kumar Dixit and B. Haralayya, "Solving Vehicle Routing Problem for Intelligent Systems using Delaunay Triangulation," 2022 International Conference on Knowledge Engineering and Communication Systems (ICKES), Chickballapur, India, 2022, pp. 1-5, doi: 10.1109/ICKECS56523.2022.10060807.
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[23] V. S. Kumar, M. Sakthivel, D. A. Karras, S. Kant Gupta, S. M. Parambil Gangadharan and B. Haralayya, "Drone Surveillance in Flood Affected Areas using Firefly Algorithm," 2022 International Conference on Knowledge Engineering and Communication Systems (ICKES), Chickballapur, India, 2022, pp. 1-5, doi: 10.1109/ICKECS56523.2022.10060857.
[24] Parin Somani, Sunil Kumar Vohra, Subrata Chowdhury, Shashi Kant Gupta. "Implementation of a Blockchain-based Smart Shopping System for Automated Bill Generation Using Smart Carts with Cryptographic Algorithms." CRC Press, 2022. https://doi.org/10.1201/9781003269281-11.
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[30] Ahmed Muayad Younus, Mohanad S.S. Abumandil, Veer P. Gangwar, Shashi Kant Gupta. " AI-Based Smart Education System for a Smart City Using an Improved Self-Adaptive Leap-Frogging Algorithm." CRC Press, 2022. https://doi.org/10.1201/9781003252542-14.
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[35] Dr. Shashi Kant Gupta, Shaily Malik, “Application of Predictive Analytics in Agriculture”, TTIDMKD. 2022 November; 2(4): 1-5. Published online 2022 November doi.org/10.36647/TTIDMKD/02.04.A001
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[40] S. K. Gupta, A. Alemran, P. Singh, A. Khang, C. K. Dixit and B. Haralayya, "Image Segmentation on Gabor Filtered images using Projective Transformation," 2023 International Conference on Recent Trends in Electronics and Communication (ICRTEC), Mysore, India, 2023, pp. 1-6, doi: 10.1109/ICRTEC56977.2023.10111885.
[41] S. K. Gupta, S. Saxena, A. Khang, B. Hazela, C. K. Dixit and B. Haralayya, "Detection of Number Plate in Vehicles using Deep Learning based Image Labeler Model," 2023 International Conference on Recent Trends in Electronics and Communication (ICRTEC), Mysore, India, 2023, pp. 1-6, doi: 10.1109/ICRTEC56977.2023.10111862.
[42] S. K. Gupta, W. Ahmad, D. A. Karras, A. Khang, C. K. Dixit and B. Haralayya, "Solving Roulette Wheel Selection Method using Swarm Intelligence for Trajectory Planning of Intelligent Systems," 2023 International Conference on Recent Trends in Electronics and Communication (ICRTEC), Mysore, India, 2023, pp. 1-5, doi: 10.1109/ICRTEC56977.2023.10111861.
[43] Shashi Kant Gupta, Olena Hrybiuk, NL Sowjanya Cherukupalli, Arvind Kumar Shukla (2023). Big Data Analytics Tools, Challenges and Its Applications (1st Ed.), CRC Press. ISBN 9781032451114
[44] Shobhna Jeet, Shashi Kant Gupta, Olena Hrybiuk, Nupur Soni (2023). Detection of Cyber Attacks in IoT-based Smart Cities using Integrated Chain Based Multi-Class Support Vector Machine (1st Ed.), CRC Press. ISBN 9781032451114
[45] Parin Somani, Shashi Kant Gupta, Chandra Kumar Dixit, Anchal Pathak (2023). AI-based Competency Model and Design in the Workforce Development System (1st Ed.), CRC Press. https://doi.org/10.1201/9781003357070
[46] Shashi Kant Gupta, Alex Khang, Parin Somani, Chandra Kumar Dixit, Anchal Pathak (2023). Data Mining Processes and Decision-Making Models in Personnel Management System (1st Ed.), CRC Press. https://doi.org/10.1201/9781003357070
[47] Alex Khang, Shashi Kant Gupta, Chandra Kumar Dixit, Parin Somani (2023). Data-driven Application of Human Capital Management Databases, Big Data, and Data Mining (1st Ed.), CRC Press. https://doi.org/10.1201/9781003357070
[48] Chandra Kumar Dixit, Parin Somani, Shashi Kant Gupta, Anchal Pathak (2023). Data-centric Predictive Modelling of Turnover Rate and New Hire in Workforce Management System (1st Ed.), CRC Press. https://doi.org/10.1201/9781003357070
[49] Anchal Pathak, Chandra Kumar Dixit, Parin Somani, Shashi Kant Gupta (2023). Prediction of Employee’s Performance Using Machine Learning (ML) Techniques (1st Ed.), CRC Press. https://doi.org/10.1201/9781003357070
[50] Worakamol Wisetsri, Varinder Kumar, Shashi Kant Gupta, “Managerial Autonomy and Relationship Influence on Service Quality and Human Resource Performance”, Turkish Journal of Physiotherapy and Rehabilitation, Vol. 32, pp2, 2021.
How to cite this paper
@article{1704998,
author = {Dr. Mahesh Singh, Dr. Manoj Kumar Rao, Dr. Manoj Bharatram Pandey},
title = {Data Analytics for Customer Relationship Management: Improving Business Strategies},
journal = {Iconic Research And Engineering Journals},
year = {2023},
volume = {7},
number = {2},
pages = {426-434},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1704998.pdf},
abstract = {- The primary objective of this paper is to present a holistic and usefully managerially oriented perspective on customer relationship management (CRM) as a kind of company strategy. The primary goals are as follows: to investigate the beginnings of CRM, its subsequent development and the changes that have taken place over the course of time, as well as to outline its future directions; to evaluate the many different definitions of CRM and select the one that most accurately captures the essence of CRM; to investigate the components of CRM; to develop a structure that guarantees CRM is approached in a strategic, balanced, and integrated manner; to define CRM strategy; and to locate CRM strategy within the who, what, where, when, why, The article offers recommendations for effective CRM strategy applications. This study article makes an attempt to analyse researches on Big Data Analytics, Data Mining methods, and "Big Data Analytical Frameworks that may be employed in Customer Relationship Management. The purpose of this study is to present existing uses of Big Data in Customer Relationship Management, as well as their problems, limits, and potential future prospects in this sector by analysing the aforementioned research.},
keywords = {CRM, Business, Analytical},
month = {August},
}