What metrics are best for your product?

Selecting the right product metrics. Executives want financial outcomes, strategists want systemic impact, managers want team accountability, teams want credit for executing work, planners want to track progress, ops wants to know that systems are stable. They’re all correct, so how do we select metrics that satisfy everyone? Jason Cohen describes a novel system for selecting and presenting product KPIs, satisfying not only the product team but also stakeholders, executives, and customers. (via Jason Cohen ) 

A guide to product metrics and KPIs. Choosing the right metrics and analysis methods to track them can make the difference between delivering an OK product and delivering a great product. Sara Nguyen discusses product metrics, their benefits, and how teams can use product metrics data to measure the success and health of their product. (via LogRocket ) 

Product Managers’ guide for selecting the right product metrics framework. What’s a product metrics framework? What are its best-known examples? And how to choose one? Team Userpilot answers those questions and explains how to implement product metrics frameworks. (via Userpilot ) 

5 Metrics every Product Manager should know. Product metrics, sometimes called key performance indicators, are quantifiable data points that an organization tracks and analyzes to gauge a product’s success. They measure everything from user behavior to market performance. It’s important to note that not all product metrics are created equal. In fact, some are more valuable than others.The folks at ProductPlan describe 5 metrics that every product manager should track. (via ProductPlan ) 

Are you tracking the right product metrics? It’s a product manager’s job to define the right metrics and KPIs for their products and businesses. There are several pieces to the metrics puzzle, but it’s difficult to put the pieces together. Eira Hayward gathered together some expert opinion and cautionary tales to help you find what you need to look out for when dealing with product metrics and stop it all from going wrong. (via Mind the Product ) 

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Product Management News: Week of October 30, 2023

There’s now a little order in the AI wild west, maybe. The Biden administration released an executive order to put some governance around the development and use of AI in the United States. The executive order has injected certainty into a chaotic year of debate about the legal guardrails needed for powerful AI systems.

Passwords are so 2022. Amazon announced they are rolling out passkey support on browsers and mobile shopping apps, offering customers an easier and safer way to sign in to their Amazon accounts. Customers can now set up passkeys in their Amazon settings, allowing them to use the same face, fingerprint, or PIN used to unlock their device. Given how influential Amazon is, it’ll be interesting to see how many other products follow suit.

Slack doesn’t find X as valuable either. In order to make room for new improvements and provide the best user experience, Slack will occasionally retire a feature from the product. Most of the time it will provide a few months notice, unless you’re talking about the Twitter app. In that case, Slack announced the retirement one day before the app was retired. The reason for the retirement “upstream API limitations”. You can read into that however you wish… 

Who says Americans aren’t agreeable? A recent report from the Pew Research Center covering Americans’ views on data privacy found that 56% of Americans click “agree” before reading online privacy policies. You may find it interesting that 61% of Americans think those policies are ineffective at explaining how companies use people’s data. So does that mean we’re inclined to agree with things we don’t think will work? Something to ponder if you’re inclined to put large blocks of text in your app.