HOW WE ENGAGE / ENGAGEMENT MODELS
Engagement Models
LatentView’s engagement models are designed to meet the needs of clients with varying analytics maturity – in terms of data, processes, capabilities, resources and risk appetite.
Primarily, there are three main engagement models that we adopt:
Project-based Model
Retainership Model
Risk-Reward Model
Engagement Models
LatentView’s engagement models are designed to meet the needs of clients with varying analytics maturity – in terms of data, processes, capabilities, resources and risk appetite.
Primarily, there are three main engagement models that we adopt:
Project-based Model
Key Features
Execute clearly scoped out projects for a fixed price, for a well-defined set of deliverables
LatentView bears all risks for project delivery, and assumes complete leadership and control of the project
Scenarios
Works well when the problem is well understood, the scope of the solution is clearly defined, and data quality is reasonable
For instance, one-time model development activity for a credit card solicitations model
Retainership Model
Key Features
Serves as an extended analytics arm of the client, providing services across the spectrum, from data management to providing post-implementation guidance.
Team could be ramped up in a short notice, depending on client needs
Resources work under the guidance of expert client analytic managers, who are primarily responsible for ensuring utilization and results
Scenarios
Complementing an existing client analytic team, where the scope of activities include data profiling, model development, implementation, post-implementation analysis
Meet overflow needs of clients, to enable internal delivery teams to focus on the most critical tasks
Risk-Reward Model
Key Features
LatentView’s unique, results-driven business model ensures that our fees is tied to the value added, rather than simply based on analysis results provided
The result is a set of real, clear benefits in the form of tangible cost reduction, increased revenue or greater customer satisfaction, with little or no delivery risk to the client
Scenarios
Works well when LatentView has acquired a certain degree of familiarity with client business scenario, data, and internal business processes
Needs a system of closed loop feedback to enable tracking of results from analytics-driven interventions
