» Each customer has their own unique journey to and through your product

» Conversion funnel analysis with bar charts is a conscious choice to maximise precision over accuracy

» Cart abandonment is an opportunity to engage with your users

» Conversion rate is a quantitative springboard to qualitative insights

» Don’t be driven by metrics — be informed by them

» The mental tendency to replace strategy with metrics can destroy company value

» Onboard your users all the way to becoming your best users

» 3 kinds of innovation: method, market and product

» Use sensitivity analysis to identify the make-or-break metrics for your business

» Your analytics approach needs to change over time to keep up with your evolving product

» Blindly copying best practices results in an imperfect copy

» Analytics tools don’t do the thinking for you

I gave a talk recently about how I’ve been using data and analytics to guide my decisions in product management. I’ve edited the transcript a little and split it into bite-size parts for your entertainment. This bit is about the benefits of open and transparent data.

Everyone seems to be hyping Big Data right now. I think we’ve reached that slightly scary point where CEOs are aware of Big Data and are beginning to think it a panacea for all business ills. But I’m asking the question: what’s the big deal with Big Data?