How can product management work best with data science? How can a PM measure success and help data teams solve the most valuable company problems? Julia Kastner presents tips and lessons learned working at top tech startups like General Assembly and NeuroFlow.
How can product management work best with data science? How can a PM measure success and help data teams solve the most valuable company problems? Julia Kastner presents tips and lessons learned working at top tech startups like General Assembly and NeuroFlow.
16.
How do PMs define problems for Data Scientists?
1. Data scientists love questions.
○ “Is the standard accepted data true?”
○ “How can users get a personalized experience?”
○ “How can we help make doctors’ lives easier?”
2. Leverage user stories and workflows
○ “Users find that their stress is always high”
○ “As a marketer, I want to see if the personas my agency gave me are true?”
3. Set clear goals:
○ “How will it keep learning over time?”
○ “How can we get to 99% accuracy?”
17.
Business goals
● Sales support / Sizzle / Upsells
● Cost-cutting
● SEO / marketing / positioning
Model goals
● Accuracy
● Cost impact
● “Lift”
Product goals
● Feature adoption
● Feature engagement/retention
● Referral / WOM
● Customer approval
Business Metrics
● Revenue projections, CRM
● Accounting/finance reporting
● Site traffic, SEO rankings
Model Metrics
● Compare to expectations (e.g. normal?)
● Server costs, scalability
● Compare performance to control
Product Metrics
● DB data
● Analytics, cohort analysis
● Automated referrals, qualitative
● Bug tickets, customer feedback, NPS
First, define the right problems to solve
18.
1. A data team will want to first try lots of data
○ As a PM, can you help them access more customer data? Labeled?
○ Good time to throw away crazy outcomes
2. Visualize flat first
○ Before building anything interactive, it can be helpful to export a few graphs
3. Make a working prototype
○ Pair with engineers or designers if needed
○ Use invision prototypes if possible
○ Use tools like D3 or BeakerX for interactive visualizations
○ Get customer feedback as early as you can
It can be tempting to go too far
19.
For example, using charts to visualize accuracy
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