Metrics - why are they so hard to pick and how to make them work скачать в хорошем качестве

Metrics - why are they so hard to pick and how to make them work

Subscribe to my free Newsletter with weekly posts about how to level up your analytics game: https://timodechau.com/ Unlocking the Power of Metrics: Understanding, Implementing, and Growing Your Business In this video, I delve into the complexities and essential concepts of business metrics. This comprehensive guide explores how to make metrics work for you, whether you're skeptical of their value or looking to refine your current system. What You'll Learn: The importance of context and relationships in selecting the right metrics for your organization How to build and interpret metric trees for deeper business insights Understanding North Star metrics and how they align with business strategy The critical divide between data and business teams (and how to bridge it) Practical frameworks like Pirate Metrics for tracking user states Key Points Covered: Foundations of metrics: distinguishing between measure, activity, and performance Input vs. output metrics and understanding their dynamics Building deterministic and probabilistic metric trees with real examples How metrics can bridge the gap between technical and business teams Adapting metrics to evolving business strategies Creating a metrics system that drives meaningful operations and growth Through practical examples and frameworks, I show how to move beyond simply collecting data to building a metrics system that actually informs decision-making and drives growth. We'll explore why context matters more than the metrics themselves, and how the right relational models can transform your understanding of business performance. If you enjoyed this deep dive into business metrics and want to level up your analytics game, don't forget to like and subscribe—I'll be creating more content on implementing effective analytics systems! Key Moments to Watch: 00:00 Introduction: My Complicated Relationship with Metrics 01:19 The Importance and Challenges of Metrics 03:16 The Divide Between Data and Business Teams 06:22 The Role of Dashboards in Bridging the Gap 09:51 Revisiting Metrics: A New Approach 13:48 Foundations of Metrics: Measure, Activity, and Performance 24:27 Input and Output Metrics: Understanding the Dynamics 33:40 The Importance of Context & Relationships in Metrics 38:29 Introduction to Metric Trees 40:03 Understanding Relational Models of Metrics 42:19 Building a Metric Tree: A Practical Example 46:14 Expanding the Metric Tree for Deeper Insights 49:07 Adapting Metrics to Business Strategy 59:44 North Star Metric Framework 01:05:27 Pirate Metrics and User States 01:12:03 Final Thoughts on Metrics and Strategy