Fractal’s hyper personalization solution to power the best next experience for every customer at any stage of their relationship journey
What are the challenges faced by clients?
- Lack of Understanding - Consumer purchase decisions are irrational, often a function of their persona and context​
- Lack of Interconnectedness - Legacy data siloes prevent the business to understand consumer behavior holistically​
- Lack of Agility - Consumer decisioning is either rule-based or based on models which are static in nature and depreciate over time​
- Lack of Orchestration - Consumer outreach happens in a siloed manner often leading to communication fatigue and lower campaign responses
Key solution features which mitigate business challenges
Customer Genomics powers consumer decisioning with Intelligence & Emotions @Speed and Scale through always-on, automated and explainable AI
Customer 360 – Ingesting, processing, cleansing, and validating multiple datasets from various sources to create a single source of truth or a golden record for every customer using a responsible AI toolkit.
Consumer Insights Hub – Identifies triggers, insights, predictions, and drivers
• Customer DNA – Preferences, contextual behaviors, peer indexing, lifestyle, biases
• Customer Intent – Opportunity, product uptake, risk
• Dynamic Driver Detection – Decision and behavior explainability
Real-time Next Best Experience – Ensemble deep learning models to recommend the next best action/offer/product on the right channel at the right time with continuous feedback loop
Intervention and Execution Layer – Leverage design principles to create personalized recommendations on enterprise platforms (Sales, Marketing, CRM), customized dashboards or web/mobile applications
Orchestration – Master controller ensures always on automated customer decision making and end to end automated pipelines
Business impact delivered
- Franklin Templeton generates $600Mn in new assets with Customer Genomics
- 15 intelligent machine learning engines were technically deployed across 20 markets, generating >50k monthly insights for more than 2000 frontline members. AI/ML engines were designed, developed and implemented as per Ethical AI guidelines.
- 45% uplift in home loan application rates over control group for an ongoing campaign for a major Australian bank (use case: Home loan refinancing)
- 30% reduction in call center costs due to personalized customer experience on digital channels for a major P&C insurer
- Useful in prioritizing the right customer for right intervention based on their intent group in real-time thereby ensuring smooth customer experience on website/app
- 7x increase in CTR (click through rate) compared to historical CTR for the top 3 offers recommended on mobile app
Success stories
Business models
Customer Genomics has helped global B2B and B2C organizations transform their client experience roadmap.
Service:
Sales:
Marketing
-
and product -
and expertise
Roles to engage?​​
Buyer Job Roles:​Â
Consumer Analytics
Marketing
Sales leaders​
Company focus & Benefits:
Improved Sales
Improved Efficiency
Improved Customer Experience
Competitive Edge
Any domain both in a B2C as well as B2B context where an entity (for eg. customer, business, financial advisor, store etc.) is at the center of the problem