The first decision, made before any tooling. What product analytics is for, the kinds of number a product produces, the north star metric and the frameworks around it, and how a measure is derived from a strategy rather than from whatever the tool reports by default.
A train operator's finance team reports that season ticket revenue fell four per cent in March. The product team is asked what to do about it. What can product analytics contribute that the revenue figure cannot?
AAn account from season ticket holders of why they stopped renewing, gathered from the people who left.
BA more accurate revenue figure, broken down by route and by ticket type.
CA count of what people did inside the product, such as the share of renewal reminders that led to a renewal being started in the app, and the date that share moved.
DA forecast of what season ticket revenue will do over the rest of the year.