Mobileum, a leader in roaming and traveler data analytics, has announced new research aimed at telecom service providers looking to understand key trends and identify new opportunities to transform and monetize roaming business in an increasingly disrupted marketplace.
A key finding is that initiatives in customer behavioral analytics, and new predictive models, can deliver accurate conclusions of roaming customers, with clear graphical representation of results. An analytics based approach enables operators to take immediate action to improve the customer experience for travelers.
A joint effort by the industry recognized roaming experts, Mobileum, and Juniper Research, the report explores the challenges currently facing operators, including the rise of OTT messaging, social media substitution and the silent roamer problem and offers strategic recommendations to enable operators to monetize roaming traffic. A key finding is that developments in data analytics can help increase ARPU and reduce churn, through new ways to analyze and present data and swiftly act on the findings to improve both network efficiency and end user experience.
By using analytics to detect customer context, operators can offer targeted bundles, tailored to the roamer’s individual sales history and usage. Service bundling increases overall revenues by reducing the silent roamer proportion. By switching to a business model predicated on big data analytics, operators can thereby maximize their future revenues. It involves a sea change in how businesses operate, but significant benefits await if operators take the right approach.
“With the increasing amounts of both network and traveler data available for interpretation and analysis, operators who ignore trends face customer dissatisfaction or customers simply turning off data altogether. Roaming is one area where they can immediately improve the customer experience and provide a mutually beneficial roaming relationship with their subscribers,” said Tim Moran SVP Product and Offering at Mobileum.
To access the full report, click here.