Cosi 165a - IT Entrepreneurship
Metrics
You can’t manage what you don’t measure. What gets measured gets managed
Discussion:
What is a metric? Examples?
Vanity vs. Actionable metrics
The fact that I have more users today than I did last week doesn’t mean that much
You need to know what you are trying to optimize for
Then you need to figure out what changes improve those variables
Only then can you tell if it’s a good thing that you have more users today!
Discussion:
What are some examples of metrics? How could we tel if they are vanity or not?
Useful Metrics are
Actionable:
You can use them to figure out what to do, or what you did, to cause the change.
Need to know what to do to get more of that result
Transparent: Publish metrics to the team
Accessible: Make the definition of what’s being measured clear. No made up words or jargon.
Auditable: Make it easy to see the underlying raw data
But, beware of ‘vanity metrics!’
More users today than yesterday? Not enough.
How do I change it. What changes will affect what metrics?
You can make changes, but will they matter to customers?
Discussion:
How do you decide what metrics matter?
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