Marketing in Minutes                                                     AUGUST 19, 2010

Mining for Gold

Data Mining for $$$

There are some very interesting things that people and businesses can do with data mining

http://www.anderson.ucla.edu/faculty/jason.frand/teacher/technologies/palace/datamining.htm

Data mining is certainly not a new topic and certainly not new to the answering service industry.  Just as answering services were the first, and still the best (pardon the shameless plug), voice to text solution available, answering services were one of the first businesses to amass data for hundreds, thousands and now millions of businesses.

                What is all this information?

               # of calls received by day / hour / 15 min. increment

                % of abandoned calls

                % of calls that result in a message

                % of calls on hold < 1 min.  or > 5 min.

This information is of great use to determine proper staffing rates and to show a client the service level metrix are being met.  This information, however cannot be sold.  It can be used to help sell a prospect and close a deal and keep a client but the data in itself is not designed to be monetized.

What information then is available to be monetized?

The first piece of information that comes to mind is types of calls received.

How valuable would it be for a Dr's office to know that they receive a large number of appointment cancellations on Friday night after the office is closed? Wouldn't the Dr's office then be able to put a protocol in place to make appointment confirmation calls on Thursday so that they would be able to fill those cancellation slots beginning Friday AM instead of waiting till Monday AM to start trying to fill the appts for the week ?

Many companies are now tracking calls that do not result in a message.

What information can be gleaned from this forward thinking practice?

For medical offices that request that people calling for RX, APPTS and REFERRALS call back the next business day, letting them know how many of these calls you are actually receiving would be very useful.  If the office knew they were getting a number of appointment calls after hours they might consider letting their vendor have a few time slots to book after hours, or allow access to their on line appointment book.

For Funeral Home clients, letting them know how many calls are received that are looking for directions or information about parking might prompt them to put this information on their website, or be open for a vendor's staff to access Google Maps and actually "walk" them to the door.

Thousands, tens of thousands, hundreds or thousands and even millions of messages are taken every year.  Contained in those millions of messages is GOLD and is far more then Name, #, RE:

Time to get Digging!!

Have you started your mining operations?

What information surprised you?

What information surprised your client(s)?

Share a Case Study with askmark@atsi.org

                                                                                                                                          

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