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AIPMM Webinar Series
Presenting Data to Management:
Top Tips to Getting
Buy-in for your Roadmap
Paula Gray & Keith Fenech
Our Speakers
Company
Invested In
Data
Two objectives for the data
1. Leverage data to support your decision
2. Influence or persuade decision makers
How IsThisAchieved?
Language
Persuasive communication relies on your
language; your choice of words and data
points areVERY important
Speaking the language data requires
understanding the motivation type of the
audience
Understanding
Persuasion
Research by Stanford University and
Northwestern University found
individuals fall into one of 2 Motivation
Types
Specific language cues resonate with
each MotivationType
Motivation
Types
Promotion Focused
 Seeking to achieve a
win
Prevention Focused
 Seeking to avoid a
loss
Determine
Motivation
Type
Listen to objections or description of the
issue.
What are the goals?
Promotion Focused
 Gain or Achieve
 Advance and grab
opportunities
 Eager, comfortable
with risk
 Work quickly
 Prone to error, may
not think things
through
 Can be unprepared
Prevention Focused
 Prevent a Loss
 Goals are
responsibilities
 Worry what might go
wrong
 Work slowly, attention
to detail
 Have good analytical
and problem-solving
skills
 Can be uncreative and
can miss opportunity
Determine
Your
Objective/Goal
Clarify and detail your goal/objectives
Then craft your “messaging” according to
their motivation type
Promotion Focused
Use more abstract words
Sounds like:
 These are the benefits of…
 We will gain ….
 We will achieve, make our
mark, gain fame, become
the best…
 This will open doors for new
opportunity…
These answer “why”
Prevention Focused
Use more concrete words
Sounds like:
 Our obligation is to…
 Why you shouldn’t do…
 We will get rejected/lose
funding if we don’t…
 These techniques are
needed in order to prevent
a loss of time, money,
resources…
These answer “how”
ForGroups
include BOTH
types of
messaging in
order to appeal
to each type in
the group
A major win will prevent a loss
Benefit of achievement and critical
penalty if we don’t do X
Include “why” and “how”
Let’s look at
UseCases
Software Usage Analytics provides insight
 Application usage
 User behavior
 Feature adoption
 Hardware/OS metrics
Track TargetAnalyze
Typical
Solution
Architecture
Cloud Service
Usage Intelligence
Reporting Dashboard
Analytics
Engine
End Users
running your software
About
Revulytics
Compliance Analytics
• Identify and quantify
software use and misuse
• Create actionable
intelligence
• Turn intelligence into direct
revenue
Usage Analytics
• Track and analyze product
usage
• Increase customer acquisition
and retention
• Generate revenue with better
products
Recognized as 2017 Gartner CoolVendor
More than 100 customers including Fortune 500 companies
Technology deployed to over 50M machines in more than 200 countries
Our data has supported more than $1.8 billion in new license revenue since 2010
www.revulytics.com
Case #1:
Should we
deprecate an
outdated
Legacy
Feature?
 Product: Desktop reporting tool
 Situation: Legacy Feature inV3 allowed users to build
their own dashboard to customize the UI; inV5 we
introduced new functionality for role-based UI
templates
 Problem: Cannot port Legacy UI settings directly to new
role-based templates due to missing elements and
complications
 PM Recommends: Drop legacy feature inV6
 Management: Believes loyal users still rely on this
feature and would get aggravated if we deprecate this
functionality
Case #1
DISCOVERY:
Who is still
using this
legacy
functionality?
11% use it
at least once
in 6 months
84% of these
used it under
10 times
1683 users
Affected
population
1.8%
Presenting
Case #1
Promotion
 Competitive
advantage
 New templates are
already popular
 Grow sales
 Innovation
Prevention
 Lose ground with
backward
compatibility
 Labor cost/expense
to support
 Developers can’t
focus on innovation
 Responsibility is to
majority of users
Case #2:
When is the
best time to
start
development
for supporting
a newOS
feature?
 Product: Desktop-to-Cloud Encryption and Archiving software
 Situation: Microsoft just announced that next OS will have
built-in cloud archiving support
 Plan: Switch to using this native OS functionality and extend it to offer
an enhanced experience for all users that adopt it
 Pro: Be one of the first solutions offering such support
 Con: Switching too early could have negative impact since most customers
will not be able to upgrade due to incompatibilities
 PM recommends: get an engineering team in place now to convert the
product to start using native OS support by end of the year
 Management: feels uncomfortable taking this decision to dump in-house
functionality and rely on Microsoft’s technology at such an early stage, in
case this technology turns out to be a flop and people won’t use it
Case #2
DISCOVERY
How long does
it take users to
adopt a new
OS or product
version?
80% of our
14,000 customers
83% switch to latest
version within 8
months of release
Presenting
Case #2
Promotion
 New OS allows us to
offer cutting edge
functionality
 Viewed as innovative
by customers
 Viewed as leader in
the industry
 Additional dev time
allows us to be pro-
active with any issues
Prevention
 Lost momentum if we
wait and play catch-up
6 months late
 Not statistically likely
this OS would be flop
 Vast majority of
customers will already
be on new OS
 Do not want to be
viewed by customers
as laggard or behind
the times
Case #3:
Decreasing
Churn Rate on
Ultimate
Edition
 Product: Accounting Package
 Sold in 3 Editions: Basic, Premium, Ultimate
 Pricing Strategy: Ultimate license costs 2.5x of Basic and includes Audit
functions; annual renewal cost is 40% of license
 Problem: Ultimate Edition has healthy conversion rate but abnormally
high churn rate: should we reduce renewal price or package editions
differently?
 12% renewal rate for Ultimate
 54% renewal rate for Basic/Premium
 PM Recommends: Combine Ultimate & Premium in a single package
 Management: fear of cannibalizing short term revenue from the
Ultimate Edition; wants to know why people are buying the more
expensive edition, but do not renew
Case #3:
DISCOVERY:
What is
causing churn? 98% of users who
buy Ultimate want
to use the Audit
functions
83% of Churned
users only use Audit
functions 1-5 times
in their lifetime
Presenting
Case #3
Promotion
 Added value in
Premium will
increase new sales
conversions
 Added value in
Premium will boost
renewal higher than
existing 54%
 Frees up dev to focus
on innovations
Prevention
 Increased revenue of
Premium will exceed
loss from Ultimate
 Less labor expense
spent focusing on
additional Ultimate
version
 Less dev time
focused on Ultimate
Opinions
vs
Data
Q & A Session
Ask questions. Our team is standing by to help.
The webinar slides will be posted to our
website and our
http://www.Slideshare.net/aipmm
The webinar recording will be posted at
http://www.AIPMM.net
for members kfenech@revulytics.com
Upcoming Webcast
September 22, 2017
How Mobile Product Managers can Dramatically
Reduce the Time to Market of New Functionality
WWW.AIPMM.COM/AIPMM_WEBINARS
AIPMM Webinar Series:
http://aipmm.com/aipmm_webinars
Topic Suggestions: support@aipmm.com
Announcements: http://www.aipmm.com
LinkedIn: http://www.linkedin.com/company/aipmm
Membership: http://www.aipmm.com/memberships
Certification: http://aipmm.com/html/certification/
kfenech@revulytics.com

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Presenting Data to Management

  • 1. AIPMM Webinar Series Presenting Data to Management: Top Tips to Getting Buy-in for your Roadmap
  • 2. Paula Gray & Keith Fenech Our Speakers
  • 3. Company Invested In Data Two objectives for the data 1. Leverage data to support your decision 2. Influence or persuade decision makers
  • 5. Language Persuasive communication relies on your language; your choice of words and data points areVERY important Speaking the language data requires understanding the motivation type of the audience
  • 6. Understanding Persuasion Research by Stanford University and Northwestern University found individuals fall into one of 2 Motivation Types Specific language cues resonate with each MotivationType
  • 7. Motivation Types Promotion Focused  Seeking to achieve a win Prevention Focused  Seeking to avoid a loss
  • 8. Determine Motivation Type Listen to objections or description of the issue. What are the goals?
  • 9. Promotion Focused  Gain or Achieve  Advance and grab opportunities  Eager, comfortable with risk  Work quickly  Prone to error, may not think things through  Can be unprepared Prevention Focused  Prevent a Loss  Goals are responsibilities  Worry what might go wrong  Work slowly, attention to detail  Have good analytical and problem-solving skills  Can be uncreative and can miss opportunity
  • 10. Determine Your Objective/Goal Clarify and detail your goal/objectives Then craft your “messaging” according to their motivation type
  • 11. Promotion Focused Use more abstract words Sounds like:  These are the benefits of…  We will gain ….  We will achieve, make our mark, gain fame, become the best…  This will open doors for new opportunity… These answer “why” Prevention Focused Use more concrete words Sounds like:  Our obligation is to…  Why you shouldn’t do…  We will get rejected/lose funding if we don’t…  These techniques are needed in order to prevent a loss of time, money, resources… These answer “how”
  • 12. ForGroups include BOTH types of messaging in order to appeal to each type in the group A major win will prevent a loss Benefit of achievement and critical penalty if we don’t do X Include “why” and “how”
  • 13. Let’s look at UseCases Software Usage Analytics provides insight  Application usage  User behavior  Feature adoption  Hardware/OS metrics Track TargetAnalyze
  • 14. Typical Solution Architecture Cloud Service Usage Intelligence Reporting Dashboard Analytics Engine End Users running your software
  • 15. About Revulytics Compliance Analytics • Identify and quantify software use and misuse • Create actionable intelligence • Turn intelligence into direct revenue Usage Analytics • Track and analyze product usage • Increase customer acquisition and retention • Generate revenue with better products Recognized as 2017 Gartner CoolVendor More than 100 customers including Fortune 500 companies Technology deployed to over 50M machines in more than 200 countries Our data has supported more than $1.8 billion in new license revenue since 2010 www.revulytics.com
  • 16. Case #1: Should we deprecate an outdated Legacy Feature?  Product: Desktop reporting tool  Situation: Legacy Feature inV3 allowed users to build their own dashboard to customize the UI; inV5 we introduced new functionality for role-based UI templates  Problem: Cannot port Legacy UI settings directly to new role-based templates due to missing elements and complications  PM Recommends: Drop legacy feature inV6  Management: Believes loyal users still rely on this feature and would get aggravated if we deprecate this functionality
  • 17. Case #1 DISCOVERY: Who is still using this legacy functionality? 11% use it at least once in 6 months 84% of these used it under 10 times 1683 users Affected population 1.8%
  • 18. Presenting Case #1 Promotion  Competitive advantage  New templates are already popular  Grow sales  Innovation Prevention  Lose ground with backward compatibility  Labor cost/expense to support  Developers can’t focus on innovation  Responsibility is to majority of users
  • 19. Case #2: When is the best time to start development for supporting a newOS feature?  Product: Desktop-to-Cloud Encryption and Archiving software  Situation: Microsoft just announced that next OS will have built-in cloud archiving support  Plan: Switch to using this native OS functionality and extend it to offer an enhanced experience for all users that adopt it  Pro: Be one of the first solutions offering such support  Con: Switching too early could have negative impact since most customers will not be able to upgrade due to incompatibilities  PM recommends: get an engineering team in place now to convert the product to start using native OS support by end of the year  Management: feels uncomfortable taking this decision to dump in-house functionality and rely on Microsoft’s technology at such an early stage, in case this technology turns out to be a flop and people won’t use it
  • 20. Case #2 DISCOVERY How long does it take users to adopt a new OS or product version? 80% of our 14,000 customers 83% switch to latest version within 8 months of release
  • 21. Presenting Case #2 Promotion  New OS allows us to offer cutting edge functionality  Viewed as innovative by customers  Viewed as leader in the industry  Additional dev time allows us to be pro- active with any issues Prevention  Lost momentum if we wait and play catch-up 6 months late  Not statistically likely this OS would be flop  Vast majority of customers will already be on new OS  Do not want to be viewed by customers as laggard or behind the times
  • 22. Case #3: Decreasing Churn Rate on Ultimate Edition  Product: Accounting Package  Sold in 3 Editions: Basic, Premium, Ultimate  Pricing Strategy: Ultimate license costs 2.5x of Basic and includes Audit functions; annual renewal cost is 40% of license  Problem: Ultimate Edition has healthy conversion rate but abnormally high churn rate: should we reduce renewal price or package editions differently?  12% renewal rate for Ultimate  54% renewal rate for Basic/Premium  PM Recommends: Combine Ultimate & Premium in a single package  Management: fear of cannibalizing short term revenue from the Ultimate Edition; wants to know why people are buying the more expensive edition, but do not renew
  • 23. Case #3: DISCOVERY: What is causing churn? 98% of users who buy Ultimate want to use the Audit functions 83% of Churned users only use Audit functions 1-5 times in their lifetime
  • 24. Presenting Case #3 Promotion  Added value in Premium will increase new sales conversions  Added value in Premium will boost renewal higher than existing 54%  Frees up dev to focus on innovations Prevention  Increased revenue of Premium will exceed loss from Ultimate  Less labor expense spent focusing on additional Ultimate version  Less dev time focused on Ultimate
  • 26. Q & A Session Ask questions. Our team is standing by to help. The webinar slides will be posted to our website and our http://www.Slideshare.net/aipmm The webinar recording will be posted at http://www.AIPMM.net for members kfenech@revulytics.com
  • 27. Upcoming Webcast September 22, 2017 How Mobile Product Managers can Dramatically Reduce the Time to Market of New Functionality WWW.AIPMM.COM/AIPMM_WEBINARS AIPMM Webinar Series: http://aipmm.com/aipmm_webinars Topic Suggestions: support@aipmm.com Announcements: http://www.aipmm.com LinkedIn: http://www.linkedin.com/company/aipmm Membership: http://www.aipmm.com/memberships Certification: http://aipmm.com/html/certification/ kfenech@revulytics.com