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MINE your own business !
MINE your own business!
Web Mining of a banking website
Wetenschapspark 1
B-3590 Diepenbeek
http://www.minevision.com
tel: 0032-(0)11-26.89.60
fax: 0032-(0)11-23.22.17
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Outline
MINE your own business !
•
•
•
•
•
•
•
•
•
MINEvision
Introduction
Banks on the Internet
Webmining
SITEscan
STRATscan
Scoreboard
BANscan
Conclusions
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
MINEvision
MINE your own business !
Company Profile
• MINEvision is a leading consultancy agency specialised in Data
Mining, Text Mining, Web Mining and Analytical CRM.
• MINEvision was founded as a spin-off by researchers of the
research group Data Analysis and Modelling of the Limburg
University Centre.
• The staff of MINEvision has excellent academic and commercial
experience in the provided services. Several international
publications have been achieved.
– Data mining:
• 2nd at best paper award election on 5th International
Knowledge Discovery and Data Mining Conference, San Diego,
USA.
– Web mining:
• 2 papers at international workshop on web knowledge
discovery and data mining, Kyoto, Japan.
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
MINEvision
Company Profile
MINE your own business !
• Employees MINEvision
– 15 full-time consultants in statistics and data mining
• Ubimedia: >200 employees, Turnover : > 500 MBEF
• Members of the Ubimedia-group:
Internet integrator
Data Mining, Web Mining
& A-CRM
Internet based media
asset management and
publishing software
Website hosting
& housing
Belgian Internet Mapping
E-mail management &
Campaign management
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
MINEvision
The Concept
MINE your own business !
CONSULTANCY
TOOL RESELLER
Analytical Customer Relationship Management
Data Mining
Research
Group
University
LUC
Web Mining
Data Mining
Experts
Member of
Ubimedia
Group
MINEvision
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Strategic
Partnerships
MINEvision
Technology Partners
MINE your own business !
• Data Mining
• Web Mining
• A-CRM
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Introduction
MINE your own business !
• The internet
–
–
–
–
+/- 150 million users worldwide, still growing
High penetration rate
Huge amount of information, documents,…
Increasing online spending
• Banks on the internet
– Growing popularity
– Information and communication channel
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Banks on the internet
MINE your own business !
• Advantages
– Wide geographical area reached
– Time of response
– Cost advantages
• Different kinds of web sites
– Informational level
– Communicative level
– Transactional level
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Banking Websites
MINE your own business !
• Level 1: Informational level
– Marketing tool and information provider
– Collect data to refine sales and marketing
– E-mail
• Possible actions
– Increase conversion rate
– Increase retention rate
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Banking Websites
MINE your own business !
• Level 2: Communicative level
– Interactive, confidential information transfer
– Inquiries about accounts, loans,…
• Possible actions
– Increase brand awareness
– Reduce clicks-to-close
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Banking Websites
MINE your own business !
• Level 3: Transactional level
– Real-time queries and transactions
– Update account information
– Access to bank databases
• Possible actions
– Increase number of referred customers
– Increase profit per checkout
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Banking Websites
MINE your own business !
• Internet is a tool for Customer
Relationship Improvement
• How to measure the results?
è WEB MINING
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Web Mining
MINE your own business !
Definition
• What is web mining?
The use of algorithms to autonomously extract
relationships among web data, to determine if patterns
exist that can yield actionable business and marketing
intelligence. (Jesus Mena, 1999)
• Provides an answer to:
–Is my website being used?
–Who uses my website?
–What are my visitors interested in?
–Does my website meets its business goals?
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Outline
MINE your own business !
•
•
•
•
•
•
•
•
•
MINEvision
Introduction
Banks on the Internet
Webmining
SITEscan
STRATscan
Scoreboard
BANscan
Conclusions
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SITEscan
MINE your own business !
• What?
• Analysis of the website usage
• How?
• Basic Statistics
• Clickstream Analysis
• Segmentation
• Importance-Performance
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Definition
SITEscan
MINE your own business !
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Concept
SITEscan
MINE your own business !
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Entry
SITEscan
Activity
MINE your own business !
Visits
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
1
31
/0
1
1/
29
/0
1
1/
27
/0
1
1/
25
/0
1
1/
23
/0
1
1/
21
/0
1
1/
19
/0
1
1/
17
/0
1
1/
15
/0
1
1/
13
/0
1
1/
1/
11
/0
01
9/
1/
01
7/
1/
01
5/
1/
01
3/
1/
1/
1/
01
0
SITEscan
Activity
MINE your own business !
• Days in week
Average number of visits
Saturday
Friday
Thursday
Wednesday
Tuesday
Monday
Sunday
0
2000
4000
6000
8000
10000
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
12000
14000
16000
SITEscan
Activity
MINE your own business !
• Week vs. weekend
Visits w eekend
Visits w eek
00
22
21
30000
23
01
22
02
20000
20
04
01
02
6000
21
03
00
8000
23
20
03
04
4000
19
10000
05
19
2000
05
18
0
06
18
0
06
07
17
17
16
08
15
09
14
13
11
07
16
08
15
10
12
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
09
14
13
11
12
10
SITEscan
MINE your own business !
Activity: Clickstream Analysis
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SITEscan
MINE your own business !
Niche content
Activity: Importance Performance
Core content
Rising Stars/dogs Navigation pages
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SITEscan
MINE your own business !
Activity: Importance Performance
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SITEscan
Activity: Segmentation
MINE your own business !
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
Info Seeker
Accidental Visitor
Free Gifts
SPAREN
REKENING
PROTON
NET_BANKING
MOVIE
EVENTS
AGENTSCHAPPEN
PROMOTIES
MUSIC
XTRA
INFO
BROCHURES
ANTISTRESS
DOC_CENTER
0
People to Seduce
Musician
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SITEscan
Activity: 3 Free Gifts
MINE your own business !
• Bookmark evidence: promotions entry category in 15%
of the cases (2% for total website)
1
0.8
0.6
0.4
0.2
c
Musician
PROMOTIES
XTRA
People to
Seduce
Free Gifts
Accidental
Visitor
Info Seeker
0
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SITEscan
MINE your own business !
Exit: quiz
• The Dutch-speaking visitors enter the website and
proceed almost directly to the QUIZ pages
• The French-speaking surfers first request some other
categories before entering the QUIZ category
• From the BANKS point of view: the QUIZ is a rather
unsatisfactory exit category
• QUIZ is an isolated category. Introducing a quiz to
distribute the free tickets will make the category a
satisfactory exit category
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SITEscan
Exit: Entry/exit analysis
MINE your own business !
% Entry page views
0%
mijn/diensten/portefeuille
part/sparen/home
0%
mijn/home/home
0%
part/sparen/fonds
1%
w eer/home/home
1%
part/elekt/online
2%
% Entry page view s
93%
home/home/home
0%
10%
20%
30%
40%
50%
60%
70%
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
80%
90% 100%
SITEscan
Exit: Entry/exit analysis
MINE your own business !
level3
weer/home/home
part/euro/faq
home/home/home
jong/game/home
part/sparen/fonds
mijn/afmelden/home
downl/downl/downl
contact/bank/vragen
tuin/euro/actueel
jobs/vaca/spec
part/wonen/simulaties
Exit views/Page
visits
84%
80%
77%
72%
68%
56%
54%
50%
50%
50%
50%
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Exit views/Exit
visitors
2.5
1.0
4.3
2.6
2.8
2.0
1.2
1.0
1.0
1.1
1.2
STRATscan
Introduction
MINE your own business !
• What ?
Scanning the website performance conform its
STRATegic business goals
• How?
5-axes analysis
Awareness
Loyalty
Conversion Effectiveness
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Attractiveness
Contact Efficiency
STRATscan
MINE your own business !
5-axes analysis
• Awareness
initial ‘first-visitors’ population
• Attractiveness
number of distinctive surfers which visit the site
• Contact Efficiency
interested surfers
• Conversion Efficiency
surfers for whom the website goal is achieved
• Loyalty
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
STRATscan
5-axes analysis
MINE your own business !
Visitors
Visitors
A w areness
6000
4000
2000
Loyalty
Visitors
Attractiveness
0
Conversion Effectivity
Visits
Conversion Effectivity
Contact Efficiency
Contact
Efficient
Visits
Awareness
8000
6000
4000
2000
0
Contact Efficiency
Attractive
Attractiveness
Conversion
Effective
Loyal
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Visits
5187
6726
1035
1320
649
1320
249
SCOREboard
MINE your own business !
Behaviour
X X
Opinion
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Sociodemographics
SCOREboard
Opinion
MINE your own business !
1
Satisfaction
0.8
0.6
V11_8
V11_14
V11_13
V11_12
0.4
V11_16
V11_15
V11_17
V11_5
V11_3 V11_6
V11_7 V11_2
V11_4
V11_20
V11_18
V11_19 V11_9
V11_1
V11_10
V11_11
0.2
0
4
4.5
5
5.5
6
Performance6.5
-0.2
V11_11
-0.4
V11_8
-0.6
V11_12
V11_18
V11_1
V11_6 V11_5
V11_17
V11_3
V11_15
V11_13
V11_4
V11_16
V11_14
-0.8
-1
V11_10
V11_7 V11_19
V11_20
V11_9
V11_2
Dissatisfaction
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SCOREboard
Website Segmentation
MINE your own business !
1
0.9
Brussels
35%
French
36%
0.8
0.7
0.6
Xtra
10%
Dutch
19%
0.5
0.4
0.3
0.2
0.1
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SPAREN
REKENING
DOC_CENTER
CYBER
Xtra
PROTON_LOAD
French
INFO
EVENTS
ANTISTRESS
Dutch
NET_BANKING
Brussels
BROCHURES
JOBS
ROGER
PROMOTIES
XTRA
MOVIE
AB
MUSIC
HOME
0
SCOREboard
Opinion – Website Segment
MINE your own business !
This site treats each person in an individual way?
Absolutely not
0.60
0.50
0.40
0.30
0.20
0.10
0.00
Not agree
French
agree
Dutch
Xtra
Brussels
No opinion
Agree entirely
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SCOREboard
MINE your own business !
Opinion – Website – Socio: Brussels
• 60 % of the people coming from Brussels are
attributed to this rather large cluster
• Most of them are aged below 15 year
• The structure of the website is clear for them, since
they show a relative high score on this specific
variable in the survey’
• The young Brussels inhabitants are solely interested
in ‘QUIZ’ and ‘PROMOTIONS’
• High Satisfaction
Brussels
35%
French
36%
Dutch
19%
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Xtra
10%
SCOREboard
MINE your own business !
What are the
characteristics of
the customers
who do not
possess a
television yet?
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SCOREboard
MINE your own business !
This is
interesting!
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
SCOREboard
MINE your own business !
• An online solution
• Clear overview of section in website
subjected to changes
• Perfect match between behaviour and
opinion = Perfomance
• Extensions possible : Clusters,
benchmarks, tasks, products ...
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
BANscan
MINE your own business !
2 modules:
• BANscan_attract: publisher
• BANscan_impact: advertiser
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
BANscan
MINE your own business !
BANscan_attract
• What ?
Profile published banners in order to attract new
advertisers on your Website
Determine the worth of the offered banner space
• How?
SITEscan analysis on ‘banner clickers’
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
BANscan
BANscan_attract
P
u
bl
is
h
er
MINE your own business !
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
BANscan
BANscan_attract
MINE your own business !
• Which banner attracts
which population?
– Web behaviour
– Socio-demographic
– Task usability testing
• Determine the rules
engine of your
adcampaign manager
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
BANscan
BANscan_attract
MINE your own business !
%SCORE
X
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
BANscan
MINE your own business !
BANscan_impact
• What ?
Evaluate the effectiveness of a placed banner
• How?
STRATscan analysis on visitors entering through
banner
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
BANscan
BANscan_impact
A
dv
er
ti
se
r
MINE your own business !
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
BANscan
BANscan_impact
MINE your own business !
Who?
Banner
Preferences
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval
Behaviour
on site
Conclusion
MINE your own business !
• New way of banking through Internet
• Data mining helps
– Understand web site usage
– Improve web site design
– Improve customer relations
Copyright MINEvision N.V. Not to be disclosed to third parties without prior written approval