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10 MAJOR MISTAKES
IN PRODUCT ANALYSIS
Vera Karpova Product Owner at devtodev
2
INTRODUCTION TO THE TOPIC
The goal of product analysis is to help the team
to develop the product, increase metrics and
improve UX
3
TOO LATE INTEGRATION &
LACK OF TESTING
Problems:
● A new version has been released, but
the data is missing
● The data is being tracked, but it is incorrect
● Experiment was launched, but we don’t
have data for evaluating results
4
CAUSES
● Team is out of sync and not all members
are aware of plans and releases
● Self-organized team without a leader and
not everyone appreciates analytics
● The user of analytics is absent in the team
5
WHEN TO START
CONCEPT DEVELOPMENT
ANALYTICS SOFT LAUNCH
IMPROVEMENTS
PROTOTYPING ANALYTICS TESTING
6
POOR TESTING
Mistakes
identification
INTEGRATION
Data collection
Release
Bug fixing
7
TRACKING EVERYTHING
Event name Parameters and values
level_passed successful (1/0)
gems_balance (100, 300), ...
coins_balance (105, 430, ...)
energy_balance (7, 13, ...)
messages_tap messages_number (1, 2, ...)
language_changed from_to (fr_de, es_pt, ...)
user_level (1, 2, ...)
music_muted user_level (1, 2, ...)
authorization method (fb, email, ...)
8
TRACKING EVERYTHING
Define the goals and ways of analysis:
● What information is important for business
● What are the near-term directions of product
development
● What questions will be answered by the
specific events
● What decisions can be taken based on the
acquired data
9
ONE METRIC FOR FOCUSING
Advantage:
● All efforts are directed at one goal, the result is
quickly achieved
Disadvantages:
● The rest of metrics could be decreased dramatically
● What if this goal is wrong?
10
OTHER OPTIONS
● Use the metrics tree
● Think over the risks and track them
Marketing
Development
Costs
New users
“Old users”
1st session
engagement
Variety of
locations
Location
difficulty
Tutorial
conversion
% completed
X levels during
1st session
Revenue
● Change the directions periodically
● Use several KPIs instead of one
11
Metric Users Conversion Price
New users 12,000
Finished tutorial 9,000 75%
Starter pack 1,800 20% $2.99
Small gem pack 1,080 12% $4.99
Medium gem pack 540 6% $9.99
Huge gem pack 450 5% $14.99
Revenue $22,911
WORKING WITH USELESS METRICS
Hypotheses
Revenue
change
Increase tutorial conversion from 75% to 80% +7%
Reduce price of Starter Pack to $1.99, which will
lead the conversion increase by 10%
-6%
Increase number of new users from 12,000 to
15,000
+25%
12
ADDITIONAL CALCULATION BONUSES
● Define how different metrics influence the key one and select the metriс which is worth to work on
● Build a model of user behavior and metric connections
● Save time on working on metrics that have little impact
● Estimate the audience size which will be affected by the experiment
13
HIDE METRICS FROM THE TEAM
Problems:
● Lack of result demotivates
● Goal is to increase the metric which
is unknown
● It creates an atmosphere of distrust
14
NOT SMART
Goal — run a marathon
● Run a marathon somehow, just to meet the time limit
● Run a marathon in less than 4 hours
● Run a marathon faster than a colleague
● Run a marathon and be in the first 10 finishers
SMART
Increase MAU
● of the project X
● by 20%
● for 2 months
15
GOALS
● Increase the loyalty of the customers
● Optimize the development process
● Launch the product on a new market
● Reduce customer response time
16
RISKS OF UNCERTAIN GOALS
● Move towards the goal very slowly
● Do it endlessly
No criteria of achieving the goal
17
DO NOT AUTOMATE
How to optimize the reporting process
● Create the dashboards with the most
in-demand information
● Use scripts to automate all possible reports
Results:
● Reduce time spent making reports
● The analyst will no longer be a bottleneck
● If the analyst is unavailable, their colleague
will be able to easily build reports
18
DO NOT MAKE CONCLUSIONS
The common way of A/B tests estimation — defining which variation is a winner.
Studying users to find additional information
● Send the information about the experiment to custom user properties, create a segment
● Then send parameters to custom events which are valuable for experiment
19
DO NOT RISK
DATA-DRIVEN APPROACH
● Making strategic decisions based on data analysis
vs INTUITION
● Intuition is a form of knowledge that appears in consciousness without obvious
deliberation. It is not magical but rather a faculty in which hunches are generated by
the unconscious mind rapidly sifting through past experience and cumulative knowledge
20
INTUITION
● Not always
● Based on huge experience
● After gaining experience with using the data
driven approach
21
CONCLUSIONS
Don’t postpone analytics
integration and test it afterwards
Define measurable goals
◉ Keep an eye on
◉ several key metrics
Engage your team
Draw conclusions after
the experiments
Use your experience
for decision making (sometimes)
22
VERA KARPOVA
Product Owner at devtodev
karpova@devtodev.com
www.devtodev.com
THANK YOU!

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10 ошибок в работе с аналитикой / Вера Карпова (devtodev)

  • 1. 10 MAJOR MISTAKES IN PRODUCT ANALYSIS Vera Karpova Product Owner at devtodev
  • 2. 2 INTRODUCTION TO THE TOPIC The goal of product analysis is to help the team to develop the product, increase metrics and improve UX
  • 3. 3 TOO LATE INTEGRATION & LACK OF TESTING Problems: ● A new version has been released, but the data is missing ● The data is being tracked, but it is incorrect ● Experiment was launched, but we don’t have data for evaluating results
  • 4. 4 CAUSES ● Team is out of sync and not all members are aware of plans and releases ● Self-organized team without a leader and not everyone appreciates analytics ● The user of analytics is absent in the team
  • 5. 5 WHEN TO START CONCEPT DEVELOPMENT ANALYTICS SOFT LAUNCH IMPROVEMENTS PROTOTYPING ANALYTICS TESTING
  • 7. 7 TRACKING EVERYTHING Event name Parameters and values level_passed successful (1/0) gems_balance (100, 300), ... coins_balance (105, 430, ...) energy_balance (7, 13, ...) messages_tap messages_number (1, 2, ...) language_changed from_to (fr_de, es_pt, ...) user_level (1, 2, ...) music_muted user_level (1, 2, ...) authorization method (fb, email, ...)
  • 8. 8 TRACKING EVERYTHING Define the goals and ways of analysis: ● What information is important for business ● What are the near-term directions of product development ● What questions will be answered by the specific events ● What decisions can be taken based on the acquired data
  • 9. 9 ONE METRIC FOR FOCUSING Advantage: ● All efforts are directed at one goal, the result is quickly achieved Disadvantages: ● The rest of metrics could be decreased dramatically ● What if this goal is wrong?
  • 10. 10 OTHER OPTIONS ● Use the metrics tree ● Think over the risks and track them Marketing Development Costs New users “Old users” 1st session engagement Variety of locations Location difficulty Tutorial conversion % completed X levels during 1st session Revenue ● Change the directions periodically ● Use several KPIs instead of one
  • 11. 11 Metric Users Conversion Price New users 12,000 Finished tutorial 9,000 75% Starter pack 1,800 20% $2.99 Small gem pack 1,080 12% $4.99 Medium gem pack 540 6% $9.99 Huge gem pack 450 5% $14.99 Revenue $22,911 WORKING WITH USELESS METRICS Hypotheses Revenue change Increase tutorial conversion from 75% to 80% +7% Reduce price of Starter Pack to $1.99, which will lead the conversion increase by 10% -6% Increase number of new users from 12,000 to 15,000 +25%
  • 12. 12 ADDITIONAL CALCULATION BONUSES ● Define how different metrics influence the key one and select the metriс which is worth to work on ● Build a model of user behavior and metric connections ● Save time on working on metrics that have little impact ● Estimate the audience size which will be affected by the experiment
  • 13. 13 HIDE METRICS FROM THE TEAM Problems: ● Lack of result demotivates ● Goal is to increase the metric which is unknown ● It creates an atmosphere of distrust
  • 14. 14 NOT SMART Goal — run a marathon ● Run a marathon somehow, just to meet the time limit ● Run a marathon in less than 4 hours ● Run a marathon faster than a colleague ● Run a marathon and be in the first 10 finishers SMART Increase MAU ● of the project X ● by 20% ● for 2 months
  • 15. 15 GOALS ● Increase the loyalty of the customers ● Optimize the development process ● Launch the product on a new market ● Reduce customer response time
  • 16. 16 RISKS OF UNCERTAIN GOALS ● Move towards the goal very slowly ● Do it endlessly No criteria of achieving the goal
  • 17. 17 DO NOT AUTOMATE How to optimize the reporting process ● Create the dashboards with the most in-demand information ● Use scripts to automate all possible reports Results: ● Reduce time spent making reports ● The analyst will no longer be a bottleneck ● If the analyst is unavailable, their colleague will be able to easily build reports
  • 18. 18 DO NOT MAKE CONCLUSIONS The common way of A/B tests estimation — defining which variation is a winner. Studying users to find additional information ● Send the information about the experiment to custom user properties, create a segment ● Then send parameters to custom events which are valuable for experiment
  • 19. 19 DO NOT RISK DATA-DRIVEN APPROACH ● Making strategic decisions based on data analysis vs INTUITION ● Intuition is a form of knowledge that appears in consciousness without obvious deliberation. It is not magical but rather a faculty in which hunches are generated by the unconscious mind rapidly sifting through past experience and cumulative knowledge
  • 20. 20 INTUITION ● Not always ● Based on huge experience ● After gaining experience with using the data driven approach
  • 21. 21 CONCLUSIONS Don’t postpone analytics integration and test it afterwards Define measurable goals ◉ Keep an eye on ◉ several key metrics Engage your team Draw conclusions after the experiments Use your experience for decision making (sometimes)
  • 22. 22 VERA KARPOVA Product Owner at devtodev karpova@devtodev.com www.devtodev.com THANK YOU!