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Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup...

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Data Driven Product Development Lessons learnt in a startup environment by @will_ogden, CTO at TrustedHousesitters.com
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Page 1: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

DataDrivenProductDevelopment

Lessonslearntinastartupenvironmentby@will_ogden,CTOatTrustedHousesitters.com

Page 2: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

AboutTrustedHousesitters

• Enablespetownerstofindasittertocarefortheirhome&petsforFREE,inexchangeforaplacetostay• Largestglobalhouse&petsittingbusiness• Membersinover140countries• Facilitatedover1mnightsofhouseandpetsittingtodate• Pioneeringanewindustrymeanslessestablishedbenchmarks;thereforearealfocusondatadriveninsightsandproductdevelopment

Page 3: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

Keytousingdatainproductdevelopmentistounderstandwhatsuccesslookslike…• Areyoutryingtodriveengagement?Areyouwantingtoincreaseconversion(probably)?Areyouwantingtoreducechurn?• Ensurethateveryoneisusingthesamemetricstomeasurethesesuccessfactors.• Alwayslookatthemetricsholistically.

Page 4: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

A/Btestingandthefollyofmarginalgains

• A/Btestingsoftwarehasbecomeincreasinglyeasytouse.Veryattractivetoastartupduetoeaseofactivationandlowcost.Youcanreacheasilyasegmentable,globaluserbase.• Assistsinshiftingproductdevelopmentconversationsfrom“wethink”to“weknow”• PosterchildofA/Btestingsoftware…the“calltoaction...”

Page 5: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

Focusofourattention

Page 6: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

Testinground1...

Page 7: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

Testinground2...

Page 8: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

• Ourtestingcenteredaround“microconversions”.Improvingindividualsectionsandinteractionsofthesiteiteratively.• Mantraofmarginalgainsmakealotofthingsalittlebitbetter...however...

Page 9: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

• There’sabigassumptionthatthese“microconversions”areisolated...inmostuserjourneyshoweverthisisalmostneverthecase...changingtrafficpatternsanduserjourneyshigherupthefunnelcanimpactengagementfurtherdown...potentiallywipingoutpreviousgains.• Imperativetohaveastructuredplanaroundtesting.Startatthetopofthefunnelandworkdown.Seewheretheopportunitiesare.• Candefinitelyimproveexperienceandoptimizeconversion...butgenerallymoreevolutionratherthanrevolution.• Forlarger“stepchange”or“revolution”functionality,A/Btestingisstillagoodfittotrialnewfunctionalitywithoutrisk.

Page 10: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

Usertestingandcustomerfeedback

• Remainingcustomercentricthroughrapidgrowthisachallenge;butit’sparamounttostayingfocusedondeliveringwhatthecustomerwants…especiallyasheadcountincreases.• Usertestingandresearchisgreatingettingdataabouthowreallifehumansareengagingwithyourproduct.Variouswaysofcapturingthisdatae.g.remoteobservations,surveys,interviews,etc.• Importanttopickthecorrectaudience– askingprofessionalusabilitytestersmaygivesomegoodinsights…howevertargetaudiencemaybequitefarremovedfromthise.g.notastechnicallysavvy.• Remembertheobservereffect.Someofthebestinsightswegleamed,usedremoteobservationsoftware.Unmoderatedrealworldinteractionsfromactualmembersusingtheirowndevice.

Page 11: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

Bakinginfutureinsightrequirementsandmakingdatasustainable• Whentryingtounderstandcustomerneeds,typicallywe’reanalyzingeverythingweknowaboutthecustomersintentionsandbehaviors.Thisdataisofteninseparatesiloswhichneedexploring• There’sa(slightlydubious)analogythatdataisthenewoil…

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Data

Typicaldatascientists

Page 13: Data Driven Product Development · Data Driven Product Development Lessons learnt in a startup environment by @will_ogden ... A/B testing and the folly of marginal gains • A/B testing

• Foragivenproductecosystem,therewillbeafiniteamountofreportabledata.Asthelowhangingfruitispicked,findingpatternsandbehaviorswithinthedatabecomesmoreofachallenge…

• Torealizemoresourcesofdata,sometimesthelowtechsolutionisbest…youdon’talwaysneedtoreachforthelatestDeepLearningsoftware...

• Whenattheideagenerationanddesignstage,factorinwhatdatacouldbecapturedtoprovidefutureinsightsthatcouldfuelfutureproductdevelopment.

• Putincreasedfocusontheacquisitionofdataaswellasuserrequirements…giveyourDataScienceteamsmoredatatoanalyze.

• Augmentexistingdatawithrelateduserbehaviourdata.Manyofftheshelfsolutions,butwe’vehadsuccessinbuildingourowninhouse...providesusbothreportinginsightsanddrivescustomizedcontentwithinthesite

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Thevalueofdataisintheinsights

• Ifyou’retakingadatacentricapproachtoproductdevelopment,andaremakingcommercialdecisionsbasedondatait’simperativethatthereisarobustQAprocessaroundthevalidityofthedata.• Importanttochallengefindingsofqualitativedatawithsupportingquantitativedata.Usequalitativedatatocreatehypothesisandquantitativetotestthem.Theyworkbestintandem.

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Thankyouandhappyhousesitting!

• Usepromotioncode“EYEFORTRAVEL”for1monthfreehome&petownermembership!


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