Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi
Vol. 2 No. 8 (2024): Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi

CUSTOMER SEGMENTATION BASED ON AGE, GENDER, PRODUCT AND TOTAL CUSTOMER BALANCE AT BANK XYZ USING THE K-MEANS CLUSTERING MODEL

Waskita, Raden Maart Adi (Unknown)
Ferli, Isfan (Unknown)
Fahrizal , Rama Rizqullah (Unknown)
Heikal , Jerry (Unknown)



Article Info

Publish Date
30 Jun 2024

Abstract

Competition in the banking industry is getting tighter, along with the rapid growth in the number of customers. Therefore, it is important for banks to understand the characteristics of their customers better in order to develop effective marketing strategies. Customer segmentation (STP) is one method that can be used to understand customer characteristics. This research aims to build a customer segmentation model (STP) using the K-Means Clustering algorithm on Bank XYZ customer profile data, with a focus on available products. This research uses Bank XYZ customer profile data which includes variables such as age, gender, outstanding balance and product type. Data is analyzed using the K-Means Clustering algorithm to group customers into different segments. The results of this segmentation can be a reference for Bank XYZ to develop a more targeted and effective marketing strategy. Banks can focus on offering products and services that suit the needs and characteristics of each customer segment.

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Journal Info

Abbrev

neraca

Publisher

Subject

Economics, Econometrics & Finance

Description

Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi, adalah jurnal nasional peer-review yang diterbitkan oleh Komunitas Menulis dan Meneliti (Kolibi). Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi membahas ekonomi dan bisnis dalam ruang lingkup yang luas. Tim redaksi menyambut baik seluruh masyarakat, ...