Abstract
Customer segmentation has been one of hottest topics of marketing efforts. The traditional sources of data used for segmentation are demographics, monetary value of transactions, types of product/service selected. Today, data gathered by location based services can also be used for customer segmentation. In this chapter a real world case study is summarized and the initial segmentation results are presented. As the application, data gathered from beacons sited in 4000 locations and Fuzzy c-means clustering algorithm are used. The steps of the application are as follows: (1) Categorization of the shops, (2) Summarization of the location data, (3) Applying fuzzy clustering technique, (4) Analyzing the results and profiling. Results show that customers' location data can provide a new perspective to customer segmentation.
Original language | English |
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Title of host publication | Handbook of Research on Intelligent Techniques and Modeling Applications in Marketing Analytics |
Publisher | IGI Global |
Pages | 22-39 |
Number of pages | 18 |
ISBN (Electronic) | 9781522509981 |
ISBN (Print) | 1522509976, 9781522509974 |
DOIs | |
Publication status | Published - 25 Oct 2016 |
Bibliographical note
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