Client Churn Prediction of Banking and fund industry utilizing Machine Learning Techniques

2019 ◽  
Vol 7 (6) ◽  
pp. 842-846
Author(s):  
G. Ravi Kumar ◽  
K. Tirupathaiah ◽  
B. Krishna Reddy
2018 ◽  
Vol 7 (3.34) ◽  
pp. 291
Author(s):  
M Malleswari ◽  
R.J Manira ◽  
Praveen Kumar ◽  
Murugan .

 Big data analytics has been the focus for large scale data processing. Machine learning and Big data has great future in prediction. Churn prediction is one of the sub domain of big data. Preventing customer attrition especially in telecom is the advantage of churn prediction.  Churn prediction is a day-to-day affair involving millions. So a solution to prevent customer attrition can save a lot. This paper propose to do comparison of three machine learning techniques Decision tree algorithm, Random Forest algorithm and Gradient Boosted tree algorithm using Apache Spark. Apache Spark is a data processing engine used in big data which provides in-memory processing so that the processing speed is higher. The analysis is made by extracting the features of the data set and training the model. Scala is a programming language that combines both object oriented and functional programming and so a powerful programming language. The analysis is implemented using Apache Spark and modelling is done using scala ML. The accuracy of Decision tree model came out as 86%, Random Forest model is 87% and Gradient Boosted tree is 85%. 


Due to competition between online retailers, the need for providing improved customer service has grown rapidly. In addition to reduction in sales due to loss of customers, more investments are needed to be done to attract new customers. Companies now are working continuously to improve their perceived quality by way of giving timely and quality service to their customers. Customer churn has become one of the primary challenges that many firms are facing nowadays. Several churn prediction models and techniques are proposed previously in literature to predict customer churn in areas such as finance, telecom, banking etc. Researchers are also working on customer churn prediction in e-commerce using data mining and machine learning techniques. In this paper, a comprehensive review of various models to predict customer churn in e-commerce data mining and machine learning techniques has been presented. A critical review of recent research papers in the field of customer churn prediction in e-commerce using data mining has been done. Thereafter, important inferences and research gaps after studying the literature are presented. Finally, the research significance and concluding remarks are described in the end.


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