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DataLab USA Leads Direct Marketing Association's Analytical Challenge 2 Years
in a Row
Germantown, MD December 16, 2008
DataLab USA (www.datalabusa.com), one of the nation's foremost analytics and database
marketing agencies, has announced that for the second year in a row, it has won
an award at the Direct Marketing Association's Analytical Challenge. This competition
is sponsored by the CAC Group and the DMA Analytics Council. This is an annual competition
between the country's top database marketing analytical teams, challenging them
to find an optimal solution to a marketing challenge.
In 2007, DataLab won first place, and in 2008 DataLab placed second in one of the
closest finishes in the history of this competition. This year, the CAC Group invited
members of the DMA's Analytics Council to optimize a cross-selling program. Contestants
had to determine which customers to mail, and which of two offers to send to a customer,
with the goal of maximizing profit at 80% depth of reach. The top three finalists
were invited to present their models at the NCDM'08 Conference in Orlando.
Alex Aigner, EVP Business Development, stated "We are really excited to rank at
the top of this competition for the 2nd year in a row, consistently outperforming
some of the best known database marketing and analytics service providers in the
U.S." DataLab used its meta-model technique to create sub-models based on homogeneous
data sets. The sub-models were used as inputs into separate response models for
each offer, as well as a product preference model. These models were then fed into
a profitability-maximizing algorithm.
About DataLab USA:
DataLab provides some of the nation's leading data-driven marketing solutions that
enable large national organizations to maximize the results from their marketing
investment. DataLab provides unrivaled data based support to marketing-oriented
Fortune 1000 organizations. We combine state-of-the-art technology with practical,
hands-on experience to offer a full range of services including data analysis, predictive
modeling, data processing, database management services, and list sourcing. Started
30 years ago, the privately held corporation is headquartered near Washington, D.C.
in Germantown, Maryland. For more information, contact Alex Aigner at DataLab: 1-800-972-1430.
www.datalabusa.com.
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