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API Analytics for Product Managers

API Analytics for Product Managers

By : Deepa Goyal
4.1 (7)
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API Analytics for Product Managers

API Analytics for Product Managers

4.1 (7)
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)
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21
The API Analytics Cheat Sheet

Summary

In this chapter, you learned that by aligning the incentives of various stakeholders while avoiding gameable metrics, cannibalizing metrics, and cognitive biases, you can create a more successful analytics strategy for your product.

It is important to ensure that everyone involved in the product has a clear understanding of the goals and objectives of the product, as well as how their work contributes to those goals. This can help to ensure that stakeholders are aligned in their incentives and are working toward a common set of objectives, rather than pursuing their own agendas.

You learned how to avoid gameable metrics by choosing metrics that accurately reflect the desired outcomes and cannot be easily gamed or manipulated. You also learned how to avoid cannibalizing metrics by ensuring that the metrics being used to track the success of the API product do not conflict with or undermine the metrics being used to track the success of other products or initiatives.

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