Research Article

Machine Learning Model in Digital Marketing Strategies for Customer Behavior: Harnessing CNNs for Enhanced Customer Satisfaction and Strategic Decision-Making

Authors

  • Chinmoy Modak Information Technology, Craven Community College, USA
  • Sandip Kumar Ghosh Department of Business Administration, University of Surrey, Guildford, Surrey, UK
  • Md Ariful Islam Sarkar Department of Business Administration Stamford University, Dhaka, Bangladesh
  • Mohammad Kawsur Sharif Department of Business Administration and Management, Washington University of Virginia, USA
  • Md Arif Department of Management Science and Quantitative Methods, Gannon University, USA
  • Maniruzzaman Bhuiyan Satish & Yasmin College of Business, University of Dallas, Texas
  • Md Parvez Ahmed Master of Science in Information Technology, Washington University of Science and Technology, USA
  • Md Amran Hossen Pabel Department of Marketing, Wright State University, Dayton City, Ohio, USA
  • Suniti Devi Department of Management Science and Quantitative Methods, Gannon University, USA

Abstract

In the realm of digital marketing for the banking industry, the integration of deep learning methodologies, particularly Convolutional Neural Networks (CNNs) such as VGG16, Resnet50, and InceptionV3, has revolutionized strategic decision-making and customer satisfaction. This study explores how deep learning models leverage neural networks with multiple layers to analyze vast and complex datasets, uncovering intricate patterns in customer behavior and preferences. By enhancing customer segmentation, optimizing campaign performance, and refining personalized experiences, CNNs empower banks to make precise, data-driven decisions that elevate customer satisfaction and loyalty. Comparative analyses demonstrate CNNs' superior performance over traditional models like Random Forest and Logistic Regression, achieving accuracies up to 89% and F1 scores of 88%, thereby highlighting their transformative potential in reshaping digital marketing strategies within the banking sector. This research underscores the critical implications of adopting advanced deep learning techniques to meet the evolving demands of customers in today's dynamic digital landscape.

Article information

Journal

Journal of Economics, Finance and Accounting Studies

Volume (Issue)

6 (3)

Pages

178-186

Published

2024-06-22

How to Cite

Chinmoy Modak, Sandip Kumar Ghosh, Md Ariful Islam Sarkar, Mohammad Kawsur Sharif, Md Arif, Maniruzzaman Bhuiyan, Md Parvez Ahmed, Md Amran Hossen Pabel, & Suniti Devi. (2024). Machine Learning Model in Digital Marketing Strategies for Customer Behavior: Harnessing CNNs for Enhanced Customer Satisfaction and Strategic Decision-Making. Journal of Economics, Finance and Accounting Studies, 6(3), 178–186. https://doi.org/10.32996/jefas.2024.6.3.14

Downloads

Keywords:

Digital Marketing, Banking Industry, Customer Satisfaction, Customer, Behavior, Personalized Experiences, Data-driven Decisions, Comparative Analysis