GISBanker Customer Data Enrichment

IF you are trying to talk to everyone, you're not talking to anyone

Boost your results with our customer data enrichment and tailored segmentation analysis.

Customer Data Enrichment Customer data enrichment, often referred to as data enhancement, combined with a data-driven market segmentation analysis, empowers clients to target specific customers and even non-customers who align with particular products and services based on traits you might not currently track. This could include factors like life-cycle data, job roles, disposable income, distance from your office, profitability, ethnicity, spending habits, and more.

Taking a “data-driven” approach means making strategic choices based on thorough data analysis and interpretation. It enables clients to serve their customers better, boost sales, streamline operations, and uncover new business opportunities. Customer data enrichment involves enhancing your existing customer data with extra information sourced from external channels. This allows us to create more refined market segmentation analyses, helping our clients identify, target, and compile lists of both customers and non-customers at the household level. Plus, we can pinpoint existing customers who represent additional revenue opportunities for cross-selling or up-selling, ultimately increasing your institution's share of wallet.

By segmenting your market and customers, you can create messages that will resonate with your audiences.

Watch this two-minute video about customer data enrichment at the household level.

Since 1983, GISBanker has been a trusted source of unique and differentiated data that yields actionable insights and drives revenue. Through persistent innovation, we have evolved into an insights, analytics, and technology leader.

We help our clients enhance, synthesize and activate customer data,

Turn complex insights into an understanding of customer needs, personalize the customer experience with the right messages in the right channels, and meaningfully measure performance to optimize marketing spend and customer value.

We carefully analyze the market segments defined through the customer data enrichment and their relationship to specific products and services. This allows you to create specific messages that will speak directly to your audiences and build deeper customer loyalty. This helps you stay focused on the customer no matter if you are using social media or direct mail - both want to achieve the same bottom-line result of improved response rate and better ROI.

Here is an illustration: This chart is an example, showing a 93% correlation between discretionary income and geographic location and a particular target market segment. The target market segment, Prudent Professional J51, was highly correlated to a specific account offering offered by the institution.

This market segment (Prudent Professionals) is generally college-educated; these families have their budgets in check. They have relatively low discretionary spending compared to their incomes. Although they carry a high number of lines of credit, they have low credit utilization. They are mostly on-line bankers and generally do not find the stock market to be too risky. Their Vantage Scores are usually higher than the national average.

As an example, this segment is ideal for an institution with a focus on equity lines of credit, Internet banking and credit cards.

Our goal is to provide services that can simultaneously increase your reach into your target markets while saving you time and money and improve your efficiency, all grounded on data.

To learn more about customer segmentation click this link: Market Segmentation - If you are trying to talk to everyone, you're not talking to anyone - learn more

Using GIS technology, combined with years of experience, we help you develop a focused view of your markets based on the most current data.

If you are interested in knowing more about our service, please contact us here:

Steve Bouton, Director (619) 917-7596 for more information. Or Click here to email for more details