Expedia: how one extra data field cost $12 million

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Expedia on how one extra data field can cost $12m

Expedia's analysts wondered why many customers who clicked « Buy Now » never completed the purchase. The cause was an optional « Company » field under the name: some people typed their bank's name there, and their payment failed. Removing the field brought in about $12 million of profit a year.

Source: silicon.com, Web Archive copy

First published on LinkedIn on November 11, 2010. View the original post

Franck Debane helps large companies build new ventures with Forward Partners: about a hundred programmes in more than 50 companies since 2012. He wrote Passez en mode startup (Eyrolles, 2021) and organises the Lead Innovation Day.