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

Building long-term and short-term roadmaps

Building an effective MVP allows you to get your iterative process of API development started. Although in the most basic sense, charging for access to an API is the most common method of making money off of it, there are actually quite a few different motivations for doing so.

APIs are granular, time-bound, high-value endeavors. Teams can work in parallel, which is beneficial to the company’s growth when different parts of the business are decoupled and packaged as clear, specialized APIs. APIs allow the company to reach a wider audience, which can lead to more sales, better customer service, and the discovery of new avenues for collaboration with other businesses in the industry.

In an API ecosystem, internal and external products and services can freely share and receive data from one another. The popularity of APIs as a measurement of consumer value is a sure bet. By themselves, API implementations help you better understand...