Forecasting customer churn is called tracking the rate at which customers quit using the product/service.
Product Segmentation is the process of the parsing products into separate groups relationally with robust analytics and machine learning algorithms. In the retail and inventory industry, product segmentation is oftenly used to manage planning, pricing, promotions and discounts on products.
Litigation Classification uses advanced machine learning algorithms to predict, if an insured person, who had an accident, is going to open a law suit against the insurance company with the claim that insurer didn’t fulfill their responsibility to the insured.
Especially in the insurance and banking domain, it provides high profits to predict case litigation rate before litigation.