Skip to main content

Creating a churn prediction using an ML model

Acquiring new customers can be more costly than retaining current customers. U+ Bank implements Pega Customer Decision Hub™ for their customer engagement and wants to reduce the churn rate.

Learn how to create a new Prediction in Prediction Studio that calculates the likelihood that a customer might churn soon.

Video

Transcript

This demo shows you how to create a new Prediction in Prediction Studio.

U+ Bank uses Pega Customer Decision Hub™ to personalize the credit card offered to customers on their website.

The U-Plus bank website

For customers who are likely to leave the bank soon, like Troy, the bank wants to make a proactive retention offer instead of a credit card offer.

To predict the likelihood that a customer may leave the bank soon, you use a predictive model to drive a new Prediction.

Predictions are managed in Prediction Studio.

You use Customer Decision Hub Predictions to improve customer engagement.

Predictions for case automation and text analytics are also available.

Types of predictions

To create a Prediction that aims to calculate the likelihood that a customer might churn soon, set the outcome to Churn and the subject of the Prediction to Customer.

Notice that initially, a placeholder scorecard is generated and used to drive the new Prediction.

This placeholder is useful in case you do not have a predictive model yet, as it allows the Next-Best-Action Designer to continue work while a predictive model is built.

The placeholder scorecard

 

As you already have a predictive churn model, the next step is to replace the placeholder scorecard with your model.

When the replacement is ready for review, approve the candidate model.

Approve the replacement

 

When you submit the new Prediction for deployment, a change request is automatically created in the current revision.

The current revision

The changes come into effect after the Revision Manager deploys the revision to the production environment.

You have reached the end of this demo. What did it show you?

  • How to create a new Prediction.
  • How to replace the generated scorecard with a predictive model in a Prediction.
  • How the new Prediction is deployed.

This Topic is available in the following Module:

If you are having problems with your training, please review the Pega Academy Support FAQs.

Did you find this content helpful?

Want to help us improve this content?

We'd prefer it if you saw us at our best.

Pega Academy has detected you are using a browser which may prevent you from experiencing the site as intended. To improve your experience, please update your browser.

Close Deprecation Notice