Unlocking Growth: IOIC's Data-led Journey with Layercake
The Challenge
IoIC was in possession of substantial amounts of data on membership performance and experience but struggled to derive actionable insights. Their primary challenges included:
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Retention Issues: Despite growing membership numbers, retention rates were not meeting expectations.
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Lack of Data Interpretation: While they had access to rich data sources, they lacked a clear system to analyse and leverage them for strategic decisions.
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Member Experience Gaps: Members found it difficult to navigate and access relevant information efficiently.
Solution Provided by Layercake
Layercake stepped in to help IoIC transform its data into a strategic asset. By implementing data-driven insights, we:
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Developed Key Data Dashboards: Created custom dashboards for different operational areas, with a particular focus on membership engagement and retention.
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Introduced an Engagement Scoring System: Provided IoIC with a clearer understanding of member behaviours and interactions.
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Integrated OKR Methodology: Aligned IoIC’s strategic goals with real-time insights, enabling their board and HQ teams to track performance effectively.
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Enhanced Membership Insights: Enabled IoIC to identify critical touchpoints where members struggled, allowing them to refine their services accordingly.
Results and Impact
The collaboration with Layercake yielded significant improvements:
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Strategic Decision-Making: IoIC can now prioritize actions based on concrete data rather than assumptions.
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Improved Retention and Engagement: The insights-driven approach allowed IoIC to focus on improving member interactions, boosting retention rates.
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Member-Centric Enhancements: With data-backed evidence, IoIC has been able to optimize the member experience, ensuring quicker access to relevant information.
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Operational Efficiency: The introduction of OKR boards streamlined internal reporting and kept leadership informed with real-time progress updates.
Looking Ahead
IoIC is now diving deeper into engagement analytics to further improve retention. Layercake is supporting IoIC in refining its retention strategies through a multi-faceted approach:
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Enhanced Retention Strategies: Working alongside Senis AI to integrate artificial intelligence into retention planning, improving personalization, user experience, and pricing models.
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Content and Marketing Dashboards: Developing robust dashboards to strengthen top-of-funnel effectiveness, ensuring targeted content and marketing efforts yield better conversions.
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Team Enablement & Data Literacy: Embedding data-first practices across the organization, enhancing performance reviews, and improving team capability in data interpretation and strategic decision-making.
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