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For any business to grow and succeed, it's imperative to understand and act on customer sentiment because at the heart of any organization's sustainability is it's customer base.So for any industry to thrive, the analysis of customer's usage of the organizations offering/product is of utmost importance. Product analytics is the process of analyzing how users use, adapt, implement and engage with the product
Identify where the product data is stored
Build a centralized data repository to host data
Connect the customer centric attributes to build holistic data platform
Define engagement model and segment customers based on usage patterns
Data Analysis, Visualization and Insight driven results
Product analytics is a term that describes a process of analyzing users engagement with the product. Today, there exists a variety of tools that help with product analytics but it's not a "one-size-fits-all" solutions and let's be honest, once we setup data loads, transformation and visualization layers on the underlying data you might not even need one more tool to maintain and manage. Together with you, we will embark on a journey to assess the best fit for your success and work accordingly.
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Having product analytics practices is gaining popularity as it is paramount in helping identify the customer centric KPIs such as customer renewal, upsell and attrition. These business metrics help shape up the future strategy as well as positively impact the product roadmap as it gives visibility into key focus areas.
It is extemely powerful and offers actionale insights that helps your organization develop data led culture and create a unified language where new and existing customers are at the forefront of any business decision and everybody within organization is working towards a common goal of ensuring customer success and business continuity.