Ankit Shukla’s Post

Product analytics is an essential tool in product management. every pm needs to understand what metrics, KPIs, OKRs are required for every product he or she handles. Most times product analytics are decided along with the stakeholders to identify the strength of the product. Different product with different product objectives. I read through and wish to read again.

To all my PM folks, this is a must-read! #UserResearch #CaseStudy #UXResearch #ProductManagement #CustomerInsights #MarketResearch #UserExperience #ResearchAndDevelopment #DataDriven #ProductStrategy

Product Analytics Case Study Every PM Should Know Here is a complete ultimate guide on Product Analytics for aspiring Product Managers https://lnkd.in/dQBVv3td Follow HelloPM for weekly Product Management Updates and Insights ✨

🛠 Daily Product Insight: Metrics That Matter in PM Data-informed Decisions: Embrace metrics that directly impact your product's performance and user satisfaction. 📊 Alignment and Clarity: Ensure every team member understands how these key metrics tie into the larger product vision. 🎯 Continuous Improvement: Use metrics as levers for experimentation and iteration, driving product excellence. 🔁 Remember, what gets measured gets managed — and improved. 🌟 #ProductManagement #Metrics

Product Analytics Case Study Every PM Should Know Here is a complete ultimate guide on Product Analytics for aspiring Product Managers https://lnkd.in/dQBVv3td Follow HelloPM for weekly Product Management Updates and Insights ✨

Just finished the course “Data-Driven Product Management” #productmanagement #productanalytics #datadrivendecisionmaking.

Bad Advice- “What gets measured gets managed, even when it’s pointless to measure and manage it.” In product management, success hinges on identifying the right metrics for each stage of a product’s lifecycle. During the introduction stage, key metrics like retention and user growth help determine product-market fit. In the growth stage, optimizing user journeys and focusing on stickiness metrics drive scalability. As products mature, attention shifts to profitability metrics like CAC and LTV, ensuring long-term success. Ultimately, it’s not about measuring everything—it’s about measuring what matters and taking action on those insights. Measure what matters, not just what’s easy to track. #ProductManagement #ProductMetrics #ProductPotli

Metrics that Matter for Product Managers Feeling lost in a sea of data? Don't worry, PMs! We've all been there. These are just a few crucial metrics PMs should track: 1. 🔄 Conversion Rate: The percentage of users who complete a desired action (e.g., sign up, purchase). A high conversion rate indicates a user-friendly and valuable product. 2. ⏱️ User Engagement: How long users spend on your product and how often they return. High engagement suggests a product users find interesting and valuable. 3. 💰 Customer Lifetime Value (CLTV): The total revenue a customer generates throughout their relationship with your product. A high CLTV indicates a product users stick with and derive ongoing value from. But remember, metrics are just one piece of the puzzle. Always consider the context and user experience when making product decisions. 🔍 What are your favorite product metrics to track? Let's discuss this in the comments! #productmanagement #pmlife #productmetrics #datadriven #productdecisions #productstrategy 🚀

🌟 "Product Health Score" - A New Perspective for Proactive Product Management 🌟 In today’s fast-paced tech environment, traditional metrics like MAU, churn rate, or NPS tell parts of the product story. But what if we could see the full picture? Enter the Product Health Score (PHS) – a holistic measure designed to give PMs a real-time pulse on the overall “health” of their products. What is it? 🤔 Imagine a metric that aggregates not just user engagement, but also system reliability, user feedback, team morale, technical debt, and even potential risks—all in one place. A Product Health Score could answer critical questions like: Is our feature backlog growing faster than we can manage? How often are our users encountering issues, and how severe are they? Are customer satisfaction and product quality truly in sync? Why it matters 🚀 Tracking a comprehensive Product Health Score can transform how we prioritise improvements and communicate value to stakeholders. It lets us proactively identify red flags before they become fires—saving resources and building trust among users and within the team. In the future, I believe every product will have its own health score as an integral part of the PM toolkit. 🌐 Are you tracking anything like a Product Health Score? How do you keep a pulse on the health of your products? #productmanagement #innovation #producthealth #customersatisfaction

As your product analytics practices mature, you will be able to identify and refine your focus areas and metrics. However, you might want to use established frameworks to kickstart your journey. A product metrics framework is a structured approach that allows product managers to identify and measure the key metrics. These frameworks provide a systematic The post Top 7 Product Metrics Frameworks To Get You Started With Product Analytics appeared first on ProductKen. Top 7 Product Metrics Frameworks To Get You Started With Product Analytics Read more 👉🏽👉🏽 https://lnkd.in/dqsNCgmT #productmanagement #productmanagers #productdevelopment #product