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[Webinar] Innovate Faster by Adopting The Modern Growth Stack

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[Webinar] Innovate Faster by Adopting The Modern Growth Stack

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Adopting a growth mindset requires that product teams become experts in their customers’ behavior. But often legacy technologies simply count clicks and users, and fail to provide insights that product teams need to accelerate growth.

Attend this webinar and learn how the modern growth stack can help you:
-Overcome obstacles that often prevent enterprises from moving quickly
-Use experimentation and product analytics to reduce uncertainty and increase data-driven decisions
-Design a Modern Growth Stack built from best of breed solutions to accelerate product innovation

This webinar is part of our Change the Game series.

Adopting a growth mindset requires that product teams become experts in their customers’ behavior. But often legacy technologies simply count clicks and users, and fail to provide insights that product teams need to accelerate growth.

Attend this webinar and learn how the modern growth stack can help you:
-Overcome obstacles that often prevent enterprises from moving quickly
-Use experimentation and product analytics to reduce uncertainty and increase data-driven decisions
-Design a Modern Growth Stack built from best of breed solutions to accelerate product innovation

This webinar is part of our Change the Game series.

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[Webinar] Innovate Faster by Adopting The Modern Growth Stack

  1. 1. Innovate Faster with the Modern Growth Stack Brion Hickey Growth Cisco Principal Product Manager Amplitude Carter Foxgrover Senior Product Marketer Optimizely David Isquick
  2. 2. Brion Hickey Growth Cisco Principal Product Manager Amplitude Carter Foxgrover Senior Product Marketer Optimizely David Isquick
  3. 3. • We are recording today’s presentation • Slides will be available after the webinar is complete • Please submit questions via the text box Housekeeping
  4. 4. Growth - Tech Stack
  5. 5. About Me Over 120 companies worldwide Then Now
  6. 6. USA
  7. 7. USA EMEA
  8. 8. USA EMEAAPAC
  9. 9. Came home. Got a cat. Named him Meatball.
  10. 10. Optimization > Growth Test stuff > Knowing your end users Transitional Period
  11. 11. Growth Philosophy
  12. 12. Growth Philosophy Strategy
  13. 13. Growth Philosophy Strategy Technologies
  14. 14. Growth Philosophy Strategy Technologies Tactics
  15. 15. Growth Philosophy Strategy Technologies Tactics
  16. 16. Growth Tools Customer Journey
  17. 17. Marketing Analytics (auditing) Customer Journey Growth Tools
  18. 18. Product Analytics / BehaviorsMarketing Analytics (auditing) Customer Journey Growth Tools
  19. 19. Product Analytics / BehaviorsMarketing Analytics (auditing) Experimentation framework Customer Journey Growth Tools
  20. 20. Product Analytics / BehaviorsMarketing Analytics (auditing) Experimentation framework User Testing Customer Journey Growth Tools
  21. 21. Marketing Analytics
  22. 22. Marketing Analytics
  23. 23. “It was an awful integration” Marketing Analytics
  24. 24. “It was an awful integration” “The reports can’t be right” Marketing Analytics
  25. 25. “It was an awful integration” “The reports can’t be right” “The pixel isn’t firing” Marketing Analytics
  26. 26. “It was an awful integration” “The reports can’t be right” “The pixel isn’t firing” “I don’t trust (marketing analytics company here)” Marketing Analytics
  27. 27. ObservePoint
  28. 28. Auditing Marketing Analytics ● “It was an awful integration” ○ Specifically addressing the integrity of the integration ○ What tags are missing ○ What pages need to be fixed
  29. 29. Auditing Marketing Analytics ● “The reports can’t be right” ● “The Pixel isn’t firing” ○ Complete inventory of tags firing (working as expected) ○ List of requests sent for each page ○ Duplicate tags, requests
  30. 30. Auditing Marketing Analytics ● “I don’t trust (insert any marketing analytics company here)” ○ Output of a initial score/ grade ○ Comprehensive list of elements to fix ○ Update score, gain trust
  31. 31. In-Product Behavior Analytics
  32. 32. Product Analytics / BehaviorsMarketing Analytics (auditing) Customer Journey
  33. 33. Amplitude
  34. 34. Text Here Amplitude Retention North Star Metrics
  35. 35. Text Here Amplitude Retention A ha Moment North Star Metrics
  36. 36. Text Here Amplitude Retention A ha Moment Product Market Fit North Star Metrics
  37. 37. Text Here Amplitude Retention A ha Moment Product Market Fit North Star Metrics
  38. 38. Text Here Amplitude Retention A ha Moment Product Market Fit North Star MetricsWhat to A/B Test
  39. 39. But wait...
  40. 40. Real End User Testing
  41. 41. Product Analytics / BehaviorsMarketing Analytics (auditing) User Testing Customer Journey
  42. 42. Usertest.io
  43. 43. User Testing ● It’s not expensive anymore / $15 ● Reporting drop off. Why? ● Initiated user testing. ● Our buttons didn’t work. ○ Wait what? ○ Ad blockers
  44. 44. User Testing ● It’s not expensive anymore / $15 ● Reporting drop off. Why? ● Initiated user testing. ● Our buttons didn’t work. ○ Wait what? ○ Ad blockers Dude, you had 1 job :|
  45. 45. User Testing ● Turn it into a working cadence ○ Weekly, monthly ○ Stay consistent ○ Especially before and after redesigns/feature releases ● It take a lot of time, so what ○ Create summary video ○ Invaluable feedback
  46. 46. Get Organized ● Start to document findings ● Access to content isn’t hard ● Easy for engineers to consume ○ Screenshots ○ Behaviors ○ Time stamp ○ How to reproduce ○ Expected behaviors
  47. 47. Optimizely
  48. 48. Marketing Customer Journey Optimizely
  49. 49. ProductMarketing Customer Journey Optimizely
  50. 50. ProductMarketing Experimentation framework Customer Journey Code Level (Full Stack) Optimizely
  51. 51. ProductMarketing Experimentation framework Customer Journey Code Level (Full Stack) Personalization Recommendations Mobile Native Optimizely
  52. 52. I can change
  53. 53. I can change I’m listening
  54. 54. I did this I did this
  55. 55. Product Analytics / BehaviorsMarketing Analytics (auditing) Experimentation framework User Testing Customer Journey Growth Tools
  56. 56. Stay In Touch Brion.tw Brionh@gmail.com
  57. 57. Build Better Products Account Owner | email_id@amplitude.com | phone number Product Analytics for The Modern Growth Stack
  58. 58. Corporate Background AMPLITUDE ● Launched Jan 2014 ● Backed by Benchmark, Battery & IVP ● Now power over 20k products for over 5k companies across the globe ● Analyzed over 2.5T user actions ● #1 Retention Playbook in industry ● Leader in self-serve Product Analytics
  59. 59. The Fastest Moving Growth & Product Teams use Amplitude OUR CUSTOMERS Consumer Media B2B Ecommerce Finance Healthcare
  60. 60. Product Analytics for Growth 2
  61. 61. Science, not Art Quarterly releases and NPS surveys aren’t enough. Modern growth teams run like optimization machines: ● Mine data for insights ● Rapidly test ideas for impact ● Improve experiences every day ADAPT OR DIE
  62. 62. Growth Teams Need 3 Types of Product Insights to Innovate WHAT IS PRODUCT ANALYTICS FOR GROWTH? How do CUSTOMERS use our products? Examples Do some users binge watch shows? If so which ones? What shows are more likely to be binge watched?
  63. 63. Growth Teams Need 3 Types of Product Insights to Innovate WHAT IS PRODUCT ANALYTICS FOR GROWTH? How do CUSTOMERS use our products? What FEATURES do we prioritize right now? Examples Do some users binge watch shows? If so which ones? What shows are more likely to be binge watched? Which features increased IBM Cloud Usage and revenue amongst our customers? How can we double down on them?
  64. 64. Growth Teams Need 3 Types of Product Insights to Innovate WHAT IS PRODUCT ANALYTICS FOR GROWTH? How do CUSTOMERS use our products? What FEATURES do we prioritize right now? How are our METRICS improving? Examples Do some users binge watch shows? If so which ones? What shows are more likely to be binge watched? Did purchase frequency increase amongst shoppers who received coupon code notifications last week? Which features increased IBM Cloud Usage and revenue amongst our customers? How can we double down on them?
  65. 65. Most Tools are not Designed to Correlate Product & Impact WHAT IS PRODUCT ANALYTICS FOR GROWTH? Product Engineering InfraMarketingBusiness Intelligence Without Amplitude, growth teams have to rely solely on analysts/ data scientists to answer complex questions
  66. 66. Relying only on Analysts Creates Data Breadlines WHAT IS PRODUCT ANALYTICS FOR GROWTH? BI and Query Tools Production Database Growth Marketing Executives Analysts Sales Finance Without Amplitude, Growth Teams can’t explore user behavior on their own and spin cycles waiting for analytics facetime 4-8 weeks delay
  67. 67. Why Amplitude 3
  68. 68. Amplitude is your Growth Team’s Personal Data Assistant GROWTH/ PRODUCT DATA SCIENCE AS A SERVICE Product Growth Execs Sales Mrkting Analysts Data Scientists Engineers Growth Teams can investigate and explore real time data for 90% of their needs while also sharing their insights with the entire organization Same day answers
  69. 69. Amplitude has unrivalled Depth of Behavioral Analytics THREE LEVELS OF NEW AGE ANALYTICS LEVEL 1: KPI Monitoring How many people are using X feature? LEVEL 2: Problem Diagnosis What is the drop-off of our onboarding flow? LEVEL 3: Behavioral Analysis What user behaviors are causing feature adoption?
  70. 70. VP Growth @
  71. 71. Case Study: Intuit QuickBooks 4
  72. 72. Intuit QuickBooks has become their fastest growing unit MINI CASE STUDY: 3 BUSINESS UNITS AT INTUIT NOW USE AMPLITUDE
  73. 73. Intuit team initially had poor KPIs for their invoicing product MINI CASE STUDY: HOW QUICKBOOKS TEAM LAUNCHED “CONNECT” How do CUSTOMERS use our products? Customers were creating invoices in Quickbooks but not emailing them. Fewer invoices were getting paid Behavior Problem
  74. 74. Their product team quickly diagnosed the behavior issue MINI CASE STUDY: HOW QUICKBOOKS TEAM LAUNCHED “CONNECT” How do CUSTOMERS use our products? What FEATURES do we prioritize right now? Amplitude helped them discover that this was because customers who preferred invoicing through Gmail were not able to get value from Quickbooks. Gmail has >1B DAUs so they prioritized a Quickbooks Gmail plugin Customers were creating invoices in Quickbooks but not emailing them. Few invoices were getting paid on time. Feature Insight Behavior Problem
  75. 75. They launched their new feature “Connect” w/ great impact MINI CASE STUDY: HOW QUICKBOOKS TEAM LAUNCHED “CONNECT” How do CUSTOMERS use our products? What FEATURES do we prioritize right now? How are our METRICS improving? Quickbooks Gmail has dramatically increased # invoices paid on time and decreased # clicks needed to get paid opening up a new market opportunity for Intuit Customers were creating invoices in Quickbooks but not emailing them. Fewer invoices were getting paid Feature Insight Resolution and Impact Behavior Problem Amplitude helped them discover that this was because customers who preferred invoicing through Gmail were not able to get value from Quickbooks. Gmail has >1B DAUs so they prioritized a Quickbooks Gmail plugin
  76. 76. Intuit has built a data driven culture for Growth MINI CASE STUDY: 3 BUSINESS UNITS AT INTUIT NOW USE AMPLITUDE Connect: Intuit’s Fastest Growing Product
  77. 77. Optimizely
  78. 78. Virtuous Cycle Analytics + Experimentation Senior Product Marketer Optimizely David Isquick
  79. 79. Everyone plays a part in growth Driving Awareness of Those Products Building Great Products and Experiences Understanding Product and Marketing Performance Improving Product and Marketing Performance Product-driven Marketing-Driven Analytics and Research Driven Experimentation-Driven Growth
  80. 80. Enable Rapid Experimentation by Everyone Built for business teams See results in real-time Act with confidence and product development teams Always-on experimentation
  81. 81. Analyze HypothesizeExperiment Virtuous Cycle Analytics meets Experimentation
  82. 82. Analyze HypothesizeExperiment Virtuous Cycle Analytics meets Experimentation • Core Metrics • Funnels • Retention • LTV
  83. 83. Analyze HypothesizeExperiment Virtuous Cycle Analytics meets Experimentation • Core Metrics • Funnels • Retention • LTV • Product improvements • Marketing improvements
  84. 84. Analyze HypothesizeExperiment Virtuous Cycle Analytics meets Experimentation • Website A/B tests • Product experiments • Core Metrics • Funnels • Retention • LTV • Product improvements • Marketing improvements
  85. 85. Analyze HypothesizeExperiment Virtuous Cycle In action Analyze booking conversion funnel
  86. 86. Hypothesis: Adding More Context Will Help Drive More Bookings
  87. 87. Analyze HypothesizeExperiment Virtuous Cycle In action Analyze booking conversion funnel Adding a step to funnel to provide more context will increase conversion
  88. 88. Analyze HypothesizeExperiment Virtuous Cycle In action Analyze booking conversion funnel Split traffic and analyze initial results in terms of conversion Adding a step to funnel to provide more context will increase conversion
  89. 89. Increase revenue with counterintuitive changes Adding a step to the booking funnel produced a 5% increase in revenue
  90. 90. Questions?

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