Chris explains why startups in the 2020's do not need to collect all the data, they MUST focus on collecting the right data:
đź“Š Data as a Means, Not the End: Challenging the outdated notion of collecting all available data, emphasizing that data is a tool serving the purpose of understanding the product, its utility, and the questions at hand.
🛠️ Strategic Data Organization: Stressing the importance of aligning data collection with the specific needs of the product and its utility. Data should be organized to answer targeted questions rather than aiming for exhaustive information.
🚦 Simplicity in Telemetry: Illustrating the value of simplicity in data collection, using an example where a product manager was redirected from wiring up every detail to focusing on a specific, critical question—identifying the screen where users encounter issues in the onboarding funnel.
🧠Start Small, Grow Smart: Advising early-stage founders to begin with a focused approach to data collection, understanding the product, delivering utility, and answering specific questions. The sophistication of data analysis can evolve with the growth of the operation.
Unlock the wisdom of strategic data collection in building and refining your product! 🚀 Watch the full clip for practical insights. Don't miss the complete episode for a deeper dive into data-driven decision-making.
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