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Syllabus

EN IT

Prerequisites

To understand the contents of the lectures and to achieve the learning objectives, it is important for the student to have knowledge of marketing before the start of the training activity, in particular with regard to the concepts of market, product, product innovation, customer segmentation, and pricing methods.

Program

1. Marketing Intelligence: past, present and future of marketing analytics. From traditional market research techniques to modern data-driven strategies. Case studies on different marketing analytics approaches. 3h
2. How big data and advanced analytics modified decision-making processes, enabling businesses to forecast market evolution, and analyse and predict consumer behaviour. 3h
3. Technologies & Marketing Intelligence: Role of technologies in empowering data production. 2 h
4. Impact of artificial intelligence and machine learning on the automation and optimization of marketing strategies. 2h
5. Customer Segmentation: Mathematical and statistical methods. Cluster analysis, Stochastic modelling. 6h
6. Customer Lifetime Value (CLV) to understand each customer's long-term financial contribution to the business. Applying customer segmentation to successful marketing strategies. 3h
7. Customer Relationship Management CRM: its role in collecting and analysing customer data comprehension of consumer behaviour and in marketing actions. Advanced CRM analytics, random forest, decision trees, and survival analysis for churn prediction and prevention. 3h
8. How to improve service delivery, enhance customer satisfaction, and foster long-term loyalty. 2h
9. Marketing Modelling: predictive vs causal modelling in analytics. 2h
10. How forecasting and “cause and effect” relationships between variables can be applied to solve different marketing problems. 3h
11. Supervised and Unsupervised Machine Learning: How algorithms on labelled data make predictions. How unsupervised learning identifies patterns and relationships in unlabeled data. 3h
12. Case studies on customer segmentation and in the analysis of choice and purchasing behaviour. 4h

Books

Slides, reading materials and coding will be made available from the teacher

Bibliography

Brea C., “Marketing and Sales Analytics”, Pearson; New Jersey, 2014

Rackley J. “Marketing Analytics Roadmap” Apress, 2015

Lilien G.L. Rangaswamy A. De Bruyn A. Marketing engineering and Analytics” 3dr Edition, Decisionpro, 2017

Mizik N. and Hanssens “Handbook of Marketing Analytics” Edward Elgar Publishing, 2018

Grigsby M. “Marketing Analytics” Page K 2017

Unpingco J. “Python Programming for Data Analysis”, Springer, 2022

Teaching methods

Classroom lectures, flipped classroom, exercises, case study discussions, project work, 6 hours of practical laboratory exercises using the statistical software. Examples of applications using the Keix platform will be shown. Students can replicate the examples at home using the free Keix software from which they can directly use numerous datasets from ISTAT, EUROSTAT and other European governmental sources.