Book Image

API Analytics for Product Managers

By : Deepa Goyal
Book Image

API Analytics for Product Managers

By: Deepa Goyal

Overview of this book

APIs are crucial in the modern market as they allow faster innovation. But have you ever considered your APIs as products for revenue generation? API Analytics for Product Managers takes you through the benefits of efficient researching, strategizing, marketing, and continuously measuring the effectiveness of your APIs to help grow both B2B and B2C SaaS companies. Once you've been introduced to the concept of an API as a product, this fast-paced guide will show you how to establish metrics for activation, retention, engagement, and usage of your API products, as well as metrics to measure the reach and effectiveness of documentation—an often-overlooked aspect of development. Of course, it's not all about the product—as any good product manager knows; you need to understand your customers’ needs, expectations, and satisfaction too. Once you've gathered your data, you’ll need to be able to derive actionable insights from it. This is where the book covers the advanced concepts of leading and lagging metrics, removing bias from the metric-setting process, and bringing metrics together to establish long- and short-term goals. By the end of this book, you'll be perfectly placed to apply product management methodologies to the building and scaling of revenue-generating APIs.
Table of Contents (24 chapters)
21
The API Analytics Cheat Sheet

Goal setting with data

If you and your team are being pulled in so many different directions that you don’t know your goals or how to reach them, it’s time to take a step back. Review your product strategy and ensure that your goals are realistic, measurable, and in line with the product vision. To make sure you’re setting the right goals, you can use one of the following frameworks for goal-setting.

SMART framework

The setting specific, measurable, attainable, relevant, and time-bound (SMART) goal-setting framework is defined as follows:

  • Specific: Specify clearly what you intend to do, who is in charge of it, and what activities must be completed. Please be as specific as possible. Specificity of goals is critical in this process because having ambiguous goals can be not only difficult to achieve but also hard to measure and track.
  • Measurable: Each goal should have a measurable outcome and a clear definition of success. This will allow you to...