Identifying Customer Segments With High Conversion Probabilities

The customer already had an in-house subscription propensity model to predict the users who have a higher probability to upgrade to the premium membership. However, the model did not provide high accuracy.

Solution

Quantiphi built and trained a Subscription Propensity Model that provides customer segments with a higher probability of conversion for more targeted ad campaigns. First, data from various sources such as CleverTap, Amplitude, and AppsFlyer, was merged together in Google’s BigQuery to form a unified user journey. Quantiphi performed EDA and feature engineering to identify the best sets of relevant attributes (i.e. high-impact features for conversion) to train the model. Within three weeks, more than 25 different ML modeling techniques were tested in order to overcome the data predictability challenge. As a result, the model could calculate the conversion probability scores for all the users who interacted with the App.

The best model results were achieved using Traditional ML Classifier. Once the model accuracy was improved, Quantiphi helped operationalize the solution to activate the audience on Google Ads by building a pipeline that sends the audience list from model output to Universal Ads Campaign for targeting.

Result

Complete end-to-end automation of marketing funnel and dashboarding from multiple data sources
A highly targeted audience set to re-market daily
Higher subscription conversion rates
A new stream of media spends for Google Ads from re-marketing
Data-driven marketing leading to better ROI on marketing spends