Easy concepts in Analytics & Metrics, page 3
Google BigQuery: A Serverless Data Warehouse
Think of BigQuery as a massive SQL database you don't have to manage. It's a serverless data warehouse for analyzing huge datasets, like terabytes of application logs. The footgun is treating it like a regular database for real-time transactions.
Activation Rate: Measuring the 'Aha!' Moment
Activation rate measures the percentage of users who experience your product's core value, not just sign up. It's a key metric for diagnosing onboarding effectiveness. The common mistake is tracking 'completed onboarding' instead of the 'aha!'
Feature Adoption Rate: Measuring if New Features Deliver Value
Feature adoption rate measures if users actually use specific features, not just log in. It's vital for SaaS products to prove ongoing value for renewals. The footgun: a low rate means customers pay for unused bloat, which actively hurts perceived value and…
Data Literacy: Reading the Story in the Numbers
Data literacy is reading comprehension for numbers. It's the ability to turn raw data into a coherent story, a crucial skill for anyone using dashboards or A/B test results. The biggest footgun is confusing correlation with causation.
HiPPO: Highest Paid Person's Opinion
HiPPO stands for "Highest Paid Person's Opinion," where a senior leader's gut feeling overrules data. This occurs when deciding on features without A/B tests. The footgun: a HiPPO's intuition can kill great ideas or greenlight costly failures.
Single Source of Truth (SSOT): One Place for Every Fact
A Single Source of Truth (SSOT) means every piece of data has one authoritative home. Instead of emailing report_v3.docx, you share one link. This prevents conflicts between billing and shipping data.
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