AllLife Bank wants to focus on its credit card customer base in the next financial year. They have been advised by their marketing research team, that the penetration in the market can be improved....

AllLife Bank wants to focus on its credit card customer base in the next financial year. They have been advised by their marketing research team, that the penetration in the market can be improved. Based on this input, the Marketing team proposes to run personalized campaigns to target new customers as well as upsell to existing customers. Another insight from the market research was that the customers perceive the support services of the back poorly. Based on this, the Operations team wants to upgrade the service delivery model, to ensure that customer queries are resolved faster. Head of Marketing and Head of Delivery both decide to reach out to the Data Science team for help

Objective

To identify different segments in the existing customer, based on their spending patterns as well as past interaction with the bank, using clustering algorithms, and provide recommendations to the bank on how to better market to and service these customers.

Data Description

The data provided is of various customers of a bank and their financial attributes like credit limit, the total number of credit cards the customer has, and different channels through which customers have contacted the bank for any queries (including visiting the bank, online and through a call center).

Data Dictionary

• Sl_No: Primary key of the records
• Customer Key: Customer identification number
• Average Credit Limit: Average credit limit of each customer for all credit cards
• Total credit cards: Total number of credit cards possessed by the customer
• Total visits bank: Total number of Visits that customer made (yearly) personally to the bank
• Total visits online: Total number of visits or online logins made by the customer (yearly)
• Total calls made: Total number of calls made by the customer to the bank or its customer service department (yearly)

Best Practices for Notebook

• The notebook should be well-documented, with inline comments explaining the functionality of code and markdown cells containing comments on the observations and insights.
• The notebook should be run from start to finish in a sequential manner before submission.
• It is preferable to remove all warnings and errors before submission.
• The notebook should be submitted as an HTML file (.html) and NOT as a notebook file (.ipynb).

Best Practices for Presentation

• The presentation should be made keeping in mind that the audience will be a business leader like CMO, COO, CFO, or CEO.
• The key points in the presentation should be the following:
• Business overview of the problem and solution approach
• Key findings and insights which can drive business decisions
• Model overview and performance summary
• Business recommendations
• Focus on explaining the takeaways in an easy-to-understand manner.
• The inclusion of the potential benefits of implementing the solution will give you the edge.
• Copying and pasting from the notebook is not a good idea, and it is better to avoid showing codes unless they are the focal point of your presentation.
• The presentation should be submitted as a PDF file (.pdf) and NOT as a .pptx file.

Submission Guidelines

1. There are two parts to the submission: