Task: Define Business Objectives
Define Business Objectives
Purpose

Describe the customer’s primary objective, from a business perspective. In addition to the primary business objective, there are typically other related business questions that the customer would like to address. For example, the primary business goal might be to keep current customers by predicting when they are prone to move to a competitor. Examples of related business questions are “How does the primary channel used (e.g., ATM, branch visit, Internet) affect whether customers stay or go?” or “Will lower ATM fees significantly reduce the number of high-value customers who leave?”


Relationships
Steps
Describe the problem you want to solve using data mining
Specify all business questions as precisely as possible
Determine any other business requirements (such as not losing any existing customers while increasing cross-sell opportunities
Specify expected benefits in business terms (such as reducing churn among high-value customers by 10%)