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Creating a Data-Driven Business
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David Cancel
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Presentation that I gave at the 2011 Business of Software Conference.
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Creating a Data-Driven Business
1.
Crea%ng a Data-‐Driven
Business David Cancel -‐ @dcancel
2.
“In God we
trust; all others must bring data.” -‐ W. Edwards Deming
3.
Hi, I’m @dcancel
4.
5.
I’m a data
geek
6.
Before we get
started…
7.
8.
Talking, Reading, and
Dreaming are Worthless.
9.
#JFDI
Just Fucking Do It
10.
Data alone is
useless.
11.
Op%mize your business
for learning not data.
12.
Use data to
validate your assump%ons.
13.
Not to make
decisions for you.
14.
Time to talk
data.
15.
16.
?
17.
Data-‐driven teams
are stronger.
18.
Shared metrics ==
clear feedback loop.
19.
A/B Tes%ng won’t
save your business.
20.
Remember it’s
about valida%ng your assump%ons.
21.
Always Be Tes%ng.
Just don’t be stupid.
22.
Hard to perform
worse than the average…
23.
2% “The average
conversion rate in the United States of America whether you're selling elephants or iPods.” Avinash Kaushik -‐ AnalyIcs Evangelist, Google
24.
#FAIL
25.
Data-‐driven teams
can fail faster.
26.
Why is failing
good?
27.
“Angry Birds became
an overnight success… aYer 51 failures.” -‐ Don Dodge
28.
It took the
inventors 409 tries to get the formula right. -‐ Wikipedia
29.
Guitar Hero a
10 year overnight success.
30.
Whoops! Wrong
iRobot…
31.
iRobot a 12
year overnight success.
32.
Start Today
33.
The Opera%ng
Dashboard
34.
A single place
to measure your business health.
35.
Company-‐wide
dashboard
36.
All ini%a%ves should
improve your opera%ng metrics.
37.
Conversion Funnels
38.
Sales funnels
kick ass.
39.
40.
41.
42.
Daily Sales Performance
43.
The ul%mate in
accountability.
44.
The ul%mate in
transparency!
45.
46.
Churn Performance
47.
48.
NPS Surveys –
Internal + External
49.
50.
51.
52.
Cohort Analysis
53.
54.
55.
Without a cohort
analysis you are flying blind
56.
Are your new
customers beger or worse?
57.
No clue un%l
you’ve done a cohort analysis.
58.
What really magers?
59.
60.
61.
Happy Customers
62.
Success == Happy
customers and a happy team.
63.
Thank you
David Cancel