Case Studies

    Bigbank's Path to Precision: How Smart Data and Bold Moves Drove Growth

    6 min read
    Bigbank's Path to Precision: How Smart Data and Bold Moves Drove Growth

    Bigbank faced a whirlwind of challenges – the pandemic, fierce competition, and major macroeconomic shifts. Learn how they achieved 95% precision in prediction models and met application goals with 21% less investment.

    fintech
    case study
    Bigbank
    MMM
    prediction

    Background

    Bigbank faced a whirlwind of challenges – the pandemic, fierce competition, and major macroeconomic shifts. To get a handle on their media strategies, they turned to an MMM (Marketing Mix Modeling) approach. This move wasn't just about understanding their tools but about crafting a killer, custom media strategy to skyrocket their product growth.

    The Results

  1. Included 100% of Bigbank's consumer loan media investments in model calculations
  2. Achieved 95% precision in prediction models
  3. Met application goals with 21% less investment compared to the previous year
  4. Balanced application gains with processing limits, achieving a 2% average monthly increase above estimates
  5. Grew the base application amount by 3.3% (11% increase) in one year
  6. Increased online applications per 10k investment by 20%
  7. Boosted TV applications per 10k investment by 16%
  8. Provided crucial forecasting for next year's budget, optimizing media splits despite high inflation
  9. How We Did It

    Using Analytical Alley's robust statistical model, we ran about 500 million multivariate linear regressions, gaining deep insights into everything from media effects to consumer behavior.

    To turn these insights into action, we:

  10. Refined Channel Investments based on ROI saturation points
  11. Synergized Online and Offline Channels
  12. Optimized Timing using natural demand cycles
  13. Bridged Demand Gaps leveraging media channel after-effects
  14. Explored New Channels to support KPI growth
  15. Why It Matters

    Bigbank's MMM project wasn't just about hitting KPIs – it was about mastering the art of precise prediction and smart investment.

    The Big Picture

    In the ever-evolving world of marketing, staying ahead requires not just smart strategies but innovative thinking. Bigbank's journey showcases what's possible when data-driven insights meet bold, strategic moves.

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