Product metrics are calculated in quantitative values and allow companies to understand how successful or unsuccessful their product is. Each company collects their analytics, then how to add taiwan number on whatsapp conducts a thorough analysis, based on the results of which it draws a conclusion about what changes are best to make, what to strive for, how to increase profits and meet customer needs.
What are product metrics?
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Product metrics help company management decide on:
prices for their products;
payment options;
company features;
launch of sales;
what the product will look like;
product audiences;
the message and purpose of the product.
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One option is A/B testing of each product/service model. It can be used to assess the success of the project and the entire product in general. In addition, it is possible to track how features affect performance, find out which ones are more needed by users, and which ones, on the contrary, are less in demand. With this help, an understanding comes about which qualities should be left and which ones should be abandoned altogether.
Why is it important to track and record product metrics?
Their value is actually very high, because they show where there are drawdowns and where, on the contrary, there is a cool result. At the same time, product business metrics indicate the success of the company as a whole.
Communication with customers provides quality feedback. And product metrics are an opportunity to get objective information about how people interact with the product. At the same time, different indicators record the effectiveness in different contexts.
For example, it could be one of the product's features, or it could be their combined operation, or it could be efficiency and productivity.
Who in the company works with product metrics?
The specialist responsible for product metrics in the team is the one whose job title is "product analyst". He collects, analyzes and recognizes materials that directly relate to the product being worked on. The main task of the product analyst is to represent the information received and communicate it to all employees. Thanks to it, it is possible to improve the product being developed.
Product Analyst at the company