E ISSN: 2583-049X
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International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 6, 2024

Advances in CRM-Driven Marketing Intelligence for Enhancing Conversion Rates and Lifetime Value Models



Author(s): Abiodun Yusuf Onifade, Jeffrey Chidera Ogeawuchi, Abraham Ayodeji Abayomi, Oluwademilade Aderemi Agboola, Oyeronke Oluwatosin George

DOI: https://doi.org/10.62225/2583049X.2024.4.6.4326

Abstract:

In today's competitive business landscape, customer relationship management (CRM) systems have evolved into critical platforms for data-driven marketing intelligence. Recent advances in CRM-driven marketing intelligence have enabled organizations to shift from reactive to predictive strategies, thereby enhancing conversion rates and optimizing customer lifetime value (CLV) models. This transformation is fueled by the integration of artificial intelligence (AI), machine learning (ML), and advanced analytics, which allow for the continuous aggregation, segmentation, and interpretation of complex customer data. With these technologies, marketers can develop hyper-personalized campaigns, conduct real-time behavioral tracking, and deploy dynamic content tailored to individual customer journeys. Moreover, CRM platforms are increasingly being integrated with omnichannel communication tools, enabling consistent and context-aware engagement across touchpoints. These capabilities not only improve customer acquisition efficiency but also foster long-term loyalty and retention. Furthermore, CLV modeling has become more robust with predictive insights that factor in churn probability, upsell potential, and engagement metrics. As organizations gain deeper insights into the drivers of customer behavior and profitability, they can allocate resources more effectively and refine their value propositions. However, successful implementation requires overcoming challenges related to data silos, privacy concerns, and the alignment of marketing and IT teams. Overall, the synergy between CRM systems and marketing intelligence represents a significant advancement in customer-centric marketing strategies. By leveraging these innovations, firms can build sustainable competitive advantages through improved decision-making, targeted messaging, and enhanced customer experiences. The ongoing evolution of CRM-driven intelligence is poised to redefine how businesses perceive and cultivate value throughout the customer lifecycle. This review explains the strategic and technological underpinnings of CRM-enhanced marketing intelligence and its growing impact on performance metrics such as conversion rates and lifetime value in the digital economy.


Keywords: Advancement, CRM-driven, Marketing Intelligence for Enhancing Conversion Rates and Lifetime Value Models

Pages: 2313-2325

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