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

Long-term goals

A product’s mission defines the purpose or overall goal of the product in the long term. It should make it clear what makes the product special, what problem it’s trying to solve, and who it’s meant for. A mission statement should be short and to the point, and it should be used to guide decision-making and ensure that all actions align with the product’s overall purpose.

A product’s vision, on the other hand, defines the desired future state of the product. It should be an ambitious goal that shows what the product’s long-term goals are and what effect it wants to have on its audience. A vision statement should be inspirational and should be used to guide the overall strategy and direction of the product.

In summary, the mission statement answers the question, “What do we do?” and the vision statement answers “What do we want to achieve?”.

The mission statement is the foundation of the product...