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Difference Between Data Mining & Predictive Analytics

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I’ve been asked several times about the difference between Data Mining and Predictive Analytics. Well, that’s not strictly true. I’ve been asked only once and that too in the following tweet from @IBMAnalytics visible to me among 15.7K of its followers: https://twitter.com/IBMAnalytics/status/459004965298528256 Replies ranged from the ubiquitous “depends” – will some people begin all their … Read more

How To Fulfill Targeted Offers To Hear More Ka-Chings!

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All of us receive spammy offers from banks, consumer brands, ecommerce websites, retailers and many other businesses. If you’re like me, you probably delete these SMS / email messages without even opening them. Once in a while, we get a discount coupon on our birthday or wedding anniversary. They are more targeted but we still … Read more

How Can Fincumbents Grow When Banks Are Shedding Customers?

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In their diatribes about the underbanked, unbanked and financial inclusion, many suppliers of financial services technologies to banks (aka “fincumbents“) and members of the digerati threaten banks with the risk of losing customers to prepaid cards, P2P lending platforms, money transmitters, and other types of fintechs. In their urge to dish out free, unsolicited advice, … Read more

Apple Pay Puts Banks Squarely At The Center Of Mobile Payments

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Like many, I’ve long held that nothing is broken with plastic cards for instore payments and made the case for mobile wallets to stick to gift, loyalty, ID and other forms of non-payment cards (see Mobile Wallets Should Fix What’s Broken – And It Ain’t Payments). Until I read this line about Apple Pay: “Every … Read more

Walking The Tightrope Between Driving Repeat Purchase And Rewarding Loyalty

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I recently received an offer for INR 100 discount on my next trip on Meru Cabs, India’s leading cab dispatch company. To redeem this offer, I’d need to enter a certain code when I used the company’s mobile app to book my next ride. My first reaction to this offer was, “How the heck am … Read more

IT Services Company Gains Massive Visibility Without Any Advertising

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Here’s our latest success story: IT Services Company Gains Massive Visibility Without Any Advertising Thought leadership generates huge exposure among decision makers With a solid track record of providing development and testing services for one of the largest streetworks systems in the United Kingdom, this midsized IT services company gained substantial expertise and experience on … Read more

Mast Kalandar Shows How Not To Run A Loyalty Program

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Mast Kalandar is a North Indian quick service restaurant chain that has branches in Bangalore, Pune and a few other Indian cities. I happened to visit one of its outlets recently. After placing my order at the cashier and making the payment, I received the receipt for my purchase. By chance, I noticed a mention … Read more

Calling BS On Banking The Unbanked

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“Financial inclusion”, “banking the unbanked”, blah blah blah. Call them what you want. But they all mean the following: Financial Inclusion / Banking the Unbanked – What They Mean People want to borrow money only from banks; people want to deposit their savings only in banks. But, since they can’t access a bank, they’re forced … Read more