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TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
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In business-to-business (B2B) companies, marketing and sales teams face significant challenges in identifying, qualifying, and prioritizing a large number of leads. Lead prioritization is a critical task for B2B organizations because it allows them to allocate resources more effectively, focus their sales force on the most viable and valuable opportunities, optimize their time spent qualifying leads, and maximize their B2B digital marketing strategies. This article addresses the topic by presenting a case study of a B2B software company's development of a lead scoring model based on data analytics and machine learning under the consumer theory approach. The model was developed using real lead data generated between January 2020 and April 2024, extracted from the company's CRM, which were analyzed and evaluated by fifteen classification algorithms, where the results in terms of accuracy and ROC AUC showed a superior performance of the Gradient Boosting Classifier over the other classifiers. At the same time, the feature importance analysis allowed the identification of features such as “source” and “lead status,” which increased the accuracy of the conversion prediction. The developed model significantly improved the company's ability to identify high quality leads compared to the traditional methods used. This research confirms and complements existing theories related to understanding the application of consumer behavior theory and the application of machine learning in the development of B2B lead scoring models. This study also contributes to bridging the gap between marketers and data scientists in jointly understanding lead scoring as a critical activity because of its impact on overall marketing strategy performance and sales revenue performance in B2B organizations.
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TwitterA league table of the 120 cryptocurrencies with the highest market cap reveals how diverse each crypto is and potentially how much risk is involved when investing in one. Bitcoin (BTC), for instance, had a so-called "high cap" - a market cap worth more than 10 billion U.S. dollars - indicating this crypto project has a certain track record or, at the very least, is considered a major player in the cryptocurrency space. This is different in Decentralize Finance (DeFi), where Bitcoin is only a relatively new player. A concentrated market The number of existing cryptocurrencies is several thousands, even if most have a limited significance. Indeed, Bitcoin and Ethereum account for nearly 75 percent of the entire crypto market capitalization. As crypto is relatively easy to create, the range of projects varies significantly - from improving payments to solving real-world issues, but also meme coins and more speculative investments. Crypto is not considered a payment method While often talked about as an investment vehicle, cryptocurrencies have not yet established a clear use case in day-to-day life. Central bankers found that usefulness of crypto in domestic payments or remittances to be negligible. A forecast for the world's main online payment methods took a similar stance: It predicts that cryptocurrency would only take up 0.2 percent of total transaction value by 2027.
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TwitterThe global big data market is forecasted to grow to 103 billion U.S. dollars by 2027, more than double its expected market size in 2018. With a share of 45 percent, the software segment would become the large big data market segment by 2027. What is Big data? Big data is a term that refers to the kind of data sets that are too large or too complex for traditional data processing applications. It is defined as having one or some of the following characteristics: high volume, high velocity or high variety. Fast-growing mobile data traffic, cloud computing traffic, as well as the rapid development of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) all contribute to the increasing volume and complexity of data sets. Big data analytics Advanced analytics tools, such as predictive analytics and data mining, help to extract value from the data and generate new business insights. The global big data and business analytics market was valued at 169 billion U.S. dollars in 2018 and is expected to grow to 274 billion U.S. dollars in 2022. As of November 2018, 45 percent of professionals in the market research industry reportedly used big data analytics as a research method.
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TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
In business-to-business (B2B) companies, marketing and sales teams face significant challenges in identifying, qualifying, and prioritizing a large number of leads. Lead prioritization is a critical task for B2B organizations because it allows them to allocate resources more effectively, focus their sales force on the most viable and valuable opportunities, optimize their time spent qualifying leads, and maximize their B2B digital marketing strategies. This article addresses the topic by presenting a case study of a B2B software company's development of a lead scoring model based on data analytics and machine learning under the consumer theory approach. The model was developed using real lead data generated between January 2020 and April 2024, extracted from the company's CRM, which were analyzed and evaluated by fifteen classification algorithms, where the results in terms of accuracy and ROC AUC showed a superior performance of the Gradient Boosting Classifier over the other classifiers. At the same time, the feature importance analysis allowed the identification of features such as “source” and “lead status,” which increased the accuracy of the conversion prediction. The developed model significantly improved the company's ability to identify high quality leads compared to the traditional methods used. This research confirms and complements existing theories related to understanding the application of consumer behavior theory and the application of machine learning in the development of B2B lead scoring models. This study also contributes to bridging the gap between marketers and data scientists in jointly understanding lead scoring as a critical activity because of its impact on overall marketing strategy performance and sales revenue performance in B2B organizations.