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Driving Product Influence with Actionable Analyses | by Dennis Meisner | Dec, 2023

Tips on how to land impactful product adjustments as an analyst

Oh that is fascinating, thanks for wanting into this.” — phrases out of your stakeholder when your evaluation earlier than turning round and continuing with enterprise as typical. Sounds acquainted? Right here comes an evaluation template to make sure that your analyses land actionable outcomes that your stakeholders will wish to act upon.

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Disclaimer: I choose utilizing sensible examples for illustrative objective the place doable in my articles. On this one I’ll discuss with Spotify Audiobooks. All datapoints are made up.

Engaged on an evaluation could be a lengthy, tedious course of. Discovering the related information, bringing it into form and extracting helpful data earlier than lastly summarizing every thing right into a presentable format can take as much as a number of weeks. The extra work one places into an evaluation, the extra irritating it may be if the evaluation doesn’t result in any enterprise selections.

For an evaluation to be impactful, it doesn’t solely need to land in time so the choice at hand will not be already made, nevertheless it has to incorporate tangible, actionable insights with clear subsequent steps and choices which might be straightforward for stakeholders to judge.

Actionable insights don’t solely present a particular information level that could be fascinating, however lay out a transparent narrative how this perception is linked to the issue at hand, what the ramifications are, in addition to doable choices and subsequent steps to take with the related advantages/dangers of (not) performing upon these.

Let’s have a look at an instance, on this case for one in every of Spotify’s options Audiobooks:

  • Not Actionable: Customers below the age of 25 hardly use audiobooks. → Is that this good, dangerous? Ought to they be listening to audiobooks and is there something we should always do about it?
  • Actionable: Customers below the age of 25 hardly use audiobooks as a result of they by no means discover the function within the app. Nonetheless customers who take heed to audiobooks have a 20% larger retention price. → This data tells us that audiobooks characterize a possible alternative to extend retention amongst youthful customers, nonetheless there appears to be extra work to be completed to encourage customers…

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