Product Analytics

Narrative BI for Product Analytics

Evaluate product performance and optimize for success.

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Product Business Intelligence

Automated Product Analysis

Evaluate product performance and optimize for success with Narrative BI’s automated insights into sales data, customer feedback, and market trends.

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What is Product Analytics?

Why is Product Analytics important?

Product analysis involves examining data related to the performance and reception of a product. It includes analyzing sales data, customer feedback, and market trends to understand how a product is performing in the market.Product analysis is important because it helps businesses make informed decisions about product development, marketing, and sales strategies. By understanding product performance, companies can optimize their offerings and better meet customer needs.

Benefits of Product Analytics

Product Performance: Understand and improve product performance based on sales and customer feedback.

Product Market Fit: Ensure products meet market demands by analyzing market trends and customer preferences.

Innovation: Drive product innovation by identifying opportunities for new features and improvements.

Revenue Growth: Increase revenue by optimizing product offerings and pricing strategies.

Product Data Analytics

Product Analytics Best Practices

Narrative BI leverages AI, helping you detect trends or anomalies in your Product data without even needing to ask a question. This can help you find unknown opportunities or find unexpected anomalies that would otherwise remain hidden.

Leverage Product data: You can find all the answers to your questions in the Product data, and the best practitioners of Product analytics use that data to identify trends and better understand patterns.
Use visualization tools: Visualizations such as charts and graphs are common in BI software, as they are essential for understanding data and making informed decisions. You can easily visualize your Product data using the AI Chart Generator tool in AI Data Analyst.
Track KPIs: Tracking key performance indicators helps you measure your performance and identify areas for improvement. Most successful businesses have adopted weekly/daily KPI summaries, comparing the latest metrics to those from the prior period. You can easily automate this process by using Narrative BI’s Tracking Tools.
Prioritize your goals: Not everything that can be measured should be measured. There are a lot of Product data available for analysis, but you should start by identifying high-priority opportunities that can have an immediate impact on the business. You can specify your key metrics in the Narrative BI’s Reporting Tool.

Product Dashboards

Product Insights

With Narrative BI, you can ask questions and get automated insights from your Product data. Simply connect your Product data source or upload a spreadsheet and get actionable insights in minutes.

Not convinced yet? Listen to our customers

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Narrative BI is well suited for SME's!

Narrative firstly is a great tool for beginners in marketing analytics - it allows all of our team - even non-technical / analytical get involved! As Mark Ritson said, 'The average is the enemy of the marketer' and Narrative helps us fight that battle every day. Instead of wading through averages, we can spot and evaluate the outliers, the true insights.

George Pohl

Product Manager,
Bloxspring

Narrative BI helps me view and act on tons of customer data points easily.

There’s a lot of customer data in the internal analytics tools, but it’s not actionable for our product team. You have to spend a lot of time to detect unexpected user behavior. Narrative BI helps me understand our users better and now it’s easier to decide which features we should optimize next.

Arsen Avdalyan

Head of Product,
Mobalytics

Encapsulates Marketing + Advertising Performance Data to Work Smarter, Not Harder

Google Analytics is ultra-powerful when it comes to managing our clients’ MarTech stacks, but it’s easy to get lost in the overwhelming amount of data there. Narrative has given us a way to get “just the good stuff”, and the most important metrics we need for making daily decisions on behalf of my agency’s clients from Analytics to Ad Spends. The condensed insights we get from Narrative are incredibly helpful, and now indispensable in our daily mix of tools.

Curt Cuscino

Founder & CEO,
HypeLife Brands

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Product Analysis

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