Project Goals: The primary goals of this project were to:
- Analyze Passenger Behavior: Understand the purchasing patterns, preferences, and demographics of Maven Rail’s passengers.
- Evaluate Sales Performance: Assess the revenue generation and sales volume across different ticket types, classes, and purchase methods.
- Monitor Operational Performance: Measure on-time performance, identify common causes of delays, and assess the overall efficiency of rail services.
Business Needs: Maven Rail needed a comprehensive analysis to:
- Enhance Customer Experience: By understanding passenger behavior, Maven Rail aimed to tailor services, marketing campaigns, and customer support to better meet passenger needs.
- Optimize Revenue Streams: Identifying high-revenue routes, popular ticket types, and peak purchase times was crucial for strategic pricing, promotions, and resource allocation.
- Improve Operational Efficiency: Insight into delays and cancellations would help Maven Rail address operational bottlenecks, improve punctuality, and reduce customer complaints.
Discovering and Presenting Meaningful Insights:
Data Collection and Preparation:
- Aggregated data from various sources including ticket sales, journey logs, and passenger feedback.
- Cleaned and structured the data to ensure accuracy and consistency.
Data Analysis:
- Sales Analysis: Used Power BI to create visualizations such as total revenue, sales by ticket type and class, and revenue by payment method.
- Traveler Behavior: Analyzed purchase patterns by time of day, identified popular routes, and studied journey patterns through, bar charts, and line charts.
- Operational Performance: Assessed on-time performance with gauge charts, examined reasons for delays using bar charts, and tracked refund requests with pie charts.
Insights Presentation:
- Created an interactive Power BI dashboard with dedicated pages for sales analysis, traveler behavior, and operational performance.
- Used clear, intuitive visualizations to highlight key insights and trends.
- Provided actionable recommendations based on data findings, such as optimizing scheduling, enhancing customer service during peak times, and targeting marketing efforts.
- Recommendations:
- Enhance Online Experience: Invest in improving the online booking platform for a seamless user experience.
- Seasonal Promotions: Capitalize on high sales periods like February with special promotions and offers.
- Credit Card Incentives: Introduce loyalty programs or discounts for credit card payments to encourage more purchases.
- Dynamic Pricing: Implement dynamic pricing strategies to optimize revenue from Advanced Standard tickets.
- Promote Railcards: Increase awareness of railcard benefits to boost sales and customer loyalty.
- Optimize Marketing: Schedule marketing campaigns around peak purchase times (5 PM and 8 PM) for maximum impact.
- Address Delay Causes: Focus on mitigating weather-related delays, especially during peak hours.