Zingography # 14 : Some Data Science Loaded Cognitive Case Studies [WIP]

I also call it “The Road of Data Science to Design Principles

Yes its a Tough Art to Balance + Manage!

Firstly let me try & explain my thought process around it and then next I will share some examples.

The Process am trying to indicate : How can we use customer behavioural data analysis to create a better design experience for them.
This ain’t that easy as it sounds, its basically about converting all the bits + bytes into Cognitive Decision making process. So basically Left Brain neurons making sense for Right Brain to be able to navigate ūüôā

So let me try & make it structured :

This slideshow requires JavaScript.

I don’t think its an easy task – (Ask Me :)) but these are specific tasks which a PM is expected to fulfill. Let me quote some of my own experiences :

Banking : Here, some of key initial metrics to be noted
– The no. of mobile logins are as many as the no. of customers + no. of of visits (which I thought was unique) & drop off is very less (<5%)
– The no. of logins/visits would not translate into no. of transactions
– The no. of logins/visits was following a seasonal trend cycles with no impact/growth of offers/new communication

The key deductions were :
– The set of customers are loyal & set (they are not majorly growing nor de-growing)
– The regular offers

FinTech :

Ecommerce :

Some Key Startups : 
– Photography & Travel Club :
– Jewellery Designing :
– Sports Content Website :
– Seller Platform :
– VR Future Tech Implementation :
– Organic Fashion/ Sustainable Clothing :
– UX Agency (Health + Education Tech) :

Advertisements

European Startups Success!

Have been closely following the Europe Tech Startup Scene closely for last 2 years & here are my few realisations.
The continent’s tech Hub scene can be easily divided into below regions :
– UK Tech Hub Scene
– Northern Europe Tech Hub Scene (Scandinivian, Netherlands, Estonia)
– Western Europe Tech Hub Scene (Berlin, Barcelona, Lisbon, Paris)
– Central + Eastern Europe Scenes

europa_accelerators

Now coming to the list of companies – the ones which have succeeded by either crossing $1Bn revenue mark or being sold to another Business Giant can be listed below :

  • Spotify!
  • Booking
  • Nokia (Till it lasted)
  • Revolut/Transferwise/ N26
  • FarFetch
  • Zalando
  • Klarna
  • BlaBla Car
  • Avito.Ru
  • Meero
  • Delivery Hero/HelloFresh/Deliveroo/JustEat
  • Badoo
  • Wix
  • Skype

atomico unicorns

Some Key Observations are :

  • British continues to rule but interesting to see how Brexit changes the scene with UK Products will have limited audience in European markets & vis-a-vis
  • US,China are still BIG as compared to European Markets however very few US, Chinese products find acceptance in Europe Markets – WhatsApp, Apple, Google, Facebook, Microsoft are few I know
  • Few Europe Companies Go Global in terms of office setups & market acquisition

But in my understanding, European Startups are unique in terms of offering & are Long Term for following reasons :

  • IPO Target : They target IPO first rather than being a Unicorn along or raising multiple fundings. This shows a mature Approach – Spotify is one unique example of the same
  • Focus on specific customer offering more than marketing, scaling – I have interacted, worked with multiple Startups & their insistence on researching, experimenting, testing, Data Science Approach is VERY VERY HIGH (to the point of nagging at times :))
  • Data approach, experimentation/Testing approach : Another Mature Approach is that they insist on Data for making all Key Decisions
  • Not in a hurry to scale
  • Skill Focussed & Way Upward from Down
  • Doing Simple Thing But Very well!
  • Options to move around different countries in a small space
  • Social Safety Net & Wealth Equality (Social Democratic Setup)
  • Egalitarism

I do think that where they differ is that Americans tend to be a lot better at sales and marketing from day one. They don‚Äôt even have a product and they are shouting about how good they are and really selling the product before it is even built. But Europeans will wait three years until the product is completely finished, or at least up to their standards, and say, hey, we exist. It is really bad from both sides. As a reporter, you are kind of fed up with people shouting before it is ready, because it is nonsense. But I really wish the European entrepreneurs would be a little be a little bit more proactive and shouting about their publicity and making noise and selling. They are very bad at selling.” —- Robin Wauters, Founder Tech.eu

risks chart

Ref :

https://www.businessinsider.com/most-valuable-startups-europe-2011-12?IR=T#mind-candy-pivoted-from-a-failed-idea-into-a-social-network-for-kids-thats-worth-more-than-200-million-2

How European and U.S. startups go global: A look at the numbers

https://www.ft.com/content/bf7b3dd4-127d-11e5-8cd7-00144feabdc0

https://www.inc.com/inc5000-europe/special-report.html

27 European startups that have reached unicorn status

Zingography # 13 : Cognitive Behaviour + Data Science ; AB Test Validation Tool

I have been really fascinated by the capability of AB Testing Tool to make Designing Decisions using Data Science.
If you combine Machine Learning & Statistical Science to the same – then Previous Combo becomes more Potent & Effective.

AB Testing can be a tough Art to Master, even the most experienced ones go wrong all the time with their hypothesis & metrics selection.
Hence accepting your own & your colleagues varying opinions + navigating through the same to get most effective Long Term Impacts is they Key for Success.
But one should be honest to the science of AB Testing & how it is designed even if results are not favourable – it’s like a daily routine that should be practiced as it is.

What am here to discuss is the New Art of combining “Cognitive Design Behaviour with Data Science Algorithms” and especially use Spotify’s Playlist Recommendation for the same.

My Current Research Analysis says that Spotify’s Recommendation Engine is one of the best in this space!

Yeah better than Apple‘s iTunes, Alibaba‘s + Amazon’s Return HomePage Pages Recommendations or Similar SKU suggestions, Google‘s Search Engine or Google News Feed, Netflix‘s Similar Shows Features. What makes Spotify shine here is how it has used the Music Preferences Attributes along with Human Emotion Capture Calculations ! They use a unique score assigned to each song preferences & suggest them if your attributes matches the range of moods/preferences! Also their Engine is constantly improving & updating based on bigger cluster preferences. What I appreciate is that they are not using Other Platforms similar data but trusting self engines to contribute. Secondly, it empowers the customers to play with the algorithm to change preferences.

This slideshow requires JavaScript.

As per further search, AB Testing plays a very important role in making below decisions:

  • UI Decisions : Button Shape, Contrast colour, Position, Text, Headline, Icons (+ vs Heart), Widget Decisions, Hamburger Menu
  • Page Format – list view vs card view, the information architecture, number of information shared in a single page view
  • Metrics selection & Order Prioritisation for Making recommendations of Playlist
  • Deciding the Weightage of different Key Factors for engine’s Logic – which is the Highlight of Spotify’s Success!

  • Localising + Personalising the Site : https://www.thinkwithgoogle.com/intl/en-gb/success-stories/how-spotify-increased-premium-subscriptions-using-google-optimize-360/
  • Optimising the Keywords Search : When users in Germany searched for ‚Äúaudiobook‚ÄĚ and clicked on one of Spotify‚Äôs ads, they were either brought to the custom page or to the original page.
  • Creating Culture of Experimentation & Real Time AB Testing Result platform which is most crucial. (They were earlier using Google’s Optimizely for a long time)

Did I ever share the perfect method of conducting an AB Test Experiment :

  1. Define the Problem – To increase conversion, to increase revenue
  2. Come up with a series of ideas to work around the same basis historical data, recent findings, industry insights РThis should be a collective + collaborative process wherein everyone should be heard & allowed to explain their logic. Also while prospecting, one has to think about the impact % on success metrics with what confidence, duration, sample size.  Do not hesitate to use AB Testing calculator for same.
  3. Finally one has to prioritise these ideas basis their impact, time + effort + cost and decide on the order of these tests
  4. While designing the test – decide the Hypothesis that by doing so & so the impact shall increase. What is important to note is that while choosing these tests – they have to be such that can be proven only by data results. Also for tests with drastically different options – it can be a short duration test while for closer options, sample size hence duration has to be longer.
  5. So Hypothesis, success metric, options selection are very crucial aspects of the test
  6. Keep observing the performance of key metrics (Primary, Secondary at least) during the tests – no need to take sudden decisions basis this but observe the pattern.
  7. Let the test complete & observe the results – if results are drastically different, you have a clear winner. If test results are negative (do not worry), try with a different hypothesis & options. If test results are closer then decide whether to increase sample size or to discard the test or to go ahead with partial winner (last one not recommended but call can be taken depending on experience/circumstance/influence of other tests).
  8. Keep doing the same for different cases

As Post 2008 Generation, My Learnings

I have recently been thinking & discussing with my friends about “What should be our Generation’s & Particularly of People with our Background’s Differentiation Offered to this World?”
What is it that will make our Generation stand tall amindst its previous (Baby Boomers & Early Millennials IT, Manufacture) & future generations (Internet & SaaS).

Am realising for a standard working professional with a Graduation Degree & Maybe Masters with few years of experience, there are following area gaps which are left to be filled by individual her/himself :

  1. Identification of Subjects which truly stimulate your Motivation cells (which you will do unconditionally)
  2. To enhance your thought process beyond your subject of expertise – reading, podcasts, documentaries, travel, side projects?
  3. To create your own differentiation – by connecting the dots! Also no one can teach you above – one has to find a process on their own to find their Juice/Mantra/Fibre.

And then I came across below article

https://economictimes.indiatimes.com/news/international/world-news/rajat-gupta-is-unrepentant-for-his-crimes/articleshow/68536851.cms

This article was more of a trigger but my research includes lots of documentaries (Around Brexit, Subprime Crisis, Corporate Functions, World History), Podcasts, Books, Travel,  Time spent with Family along with Self Talk & Analysis, meeting & networking with some right people resulted in below List. Am certain that am quite close to the answer :

  1. INTEGRITY – DEFINED BY PERSONAL & WORK ETHICS is most critical as the value associated with this will only increase in times since majority around you (as one can observe) will take the easy path always while compromising on multiple things
  2. NETWORK CIRCLE – AUTHENTICATED & ALIGNED TO YOUR PERSONAL VALUES : I personally attach alot of importance to this since it is not possible for a Monk also to remain completely sane without some basic human interactions
  3. MULTI SKILL HAT – of doing different roles required to understand everyone’s viewpoints along with different sized organizations and in different geographies. Have seen such people to be easy to mingle & quick at Problem Identification
  4. THROUGH & THROUGH INNOVATION – Creativity cannot be proven by your social media posts or by your dressing or just by speaking some cool jingoisms, you should/must have proven records of what you believe you stand for & Yes a Proven record of having done innovation in some capacity will give a certain edge
  5. DETAILING & PRIORTIZATION – Breaking a situation Down, first in Mind and then on Paper. And the ability of Breaking Down is an adaptive one where you need to master different models & implement depending on the problem statement.
  6. FUTURE TECH ADAPTATION РThis is where being an engineer becomes useful coz one understands technology & its implementations
  7. PEOPLE SKILLS + LEADERSHIP –¬†Outgoing, Easy to get along but difficult to get perturbed are very useful daily skills. Also what kind of Leader are you going to turn up to be from being an Inclusive Leader to Strategic to Transformational to Facilitative to Democratic to Autocratic to Cross Cultural to Laissez Faire (My Least Favorite) to Transactional to Coaching to Charismatic to Visionary
  8. WORLDLY AWARE IN MOST TOPICS – Music, Netflix, Travel, Politics, History, Sports, Culture Insights, Food & Wine – Strategy Ideas & References come from here a lot. Late Discovery but it has the Power of increasing your mindspace & mindframe to a greater extent than few other.
  9. YOUR OWN MOJO SKILL (PREFERABLY FROM HUMANITIES OR SCIENCE SUBJECT TOPICS FROM SCHOOL – Something You always knew you were Good at) : I have observed that every person while doing their job (numbers, coding) & following their passion, there is always some art/science from which they daily seek solace which becomes like their secret power. In many people’s cases I have seen them to be cars, gardening, cooking, etc.
  10. TO HOLD SELF AGAINST TRENDS – This I will give alot of value as well since the trends are most dangerous for those who don’t believe in themselves so much! I have personally felt the strongest of all urges by Old worlds to pull me into complacency and New Worlds to pull me into Anxiety Competition Led Atmosphere. Its important for one to find their own pace & atmosphere suited to what they believe & stand for so as to master their ownselves first & then others around them.

Loads of things like being Hard Working, Articulate, Charming which were considered to be High Value skills for Pre 80s generation will be considered basic must haves for Post 2000s.

Plus a lot of extra-ordinary skills of 80s generation will be considered Good to Have!

The-Evolution-of-a-Leader.jpg

Moscow-2.jpg

Zingography 11 : Cognitive Abilities in PM

Cognitive Science involves linguistics, psychology, artificial intelligence, philosophy, neuroscience and anthropology. My learning & experience says that if we are able to include Cognitive Science into our Product Management Process Рthey results shall be much more refined, Long term & closest to objective.

Cognitive Science has to include multiple stakeholders views from :

  • Customers perspective
  • Team management perspective
  • Leadership & changing Business Landscape perspective

Am quite sure of developing successful models around the same for different PM Cycle stages & this is my effort for the same.

Below are the key PM Stages & recommended Models for the same :

  1. Business Strategy Roadmap based on Market Research & Secondary Research Data Insights — Model 1 (Leadership Management + Market Analysis – BCG Matrix, PLC, 7S Framework, Value Chain)
  2. Need Gap Analysis Identification — Model 2 (STP + 5Porters Forces)
  3. Recommendation Solutions & Prioritisation of Features (New & Enhancements) – Model 3 (Phase Gate Model/ Spider Mapping Technique ; High & Low Impact)
  4. User Persona Identification – Model 4 (Demography & Behaviour (Tech & Products) Mapping)
  5. Roadmapping + Project Management – Model 5 (Gantt Chart)
  6. BRD/ PRD – Model 6 (Process Note, Unified Modelling Language)
  7. MVP Approach – Model 7 (User – Action – Story ; Pain – Gain)
  8. User Journeys/Scenarios mapping – Model 8 (Decision Tree)
  9. Designing-> with quick dipsticks & quick changes around suggestions Model 9 : Neurological Emotional Branding + Decision of buying

Screenshot 2019-03-07 at 8.25.22 PM

10. Development/Middleware – Library & its adaptations for agile expansion
11. UAT all scenarios/Hackathon (Model 10) /CUG РAB Testing Hypothesis linked to Data          Mining & Big Data Analysis…. Statistics & its variance test analysis! Frequentist vs              Bayesian ..
12. Success Metrics formulation (Model 11) Data visualisation /K Nearest neighbours/              Regression/Clustering ; Random Forests; Time series/sequence; text mining!
13. Launch & Optimise
14. Team Management Model

Disclaimer : My suggestions are based on my experience, research, interactions with other companies & my own theories/understandings on this space. Am quite confident of their inter-relationship with each other.

Some Books I recommend in this regard are :

  • Design of everyday Life
  • Sapiens
  • Art of Deduction
  • Tao Te Ching by Lao Tzu
  • Cognitive Science
  • Psychology of Persuasion
  • Infographica

Topic of Terrorism!

I have never written about the same though I have always felt strongly against it since a young age!
As I remember the stories of Revolutionaries, War of Independence, World Wars, History Books always fascinated me & there was a great sense of Pride associated towards having an identity in the World filled with contradictions.

My Generation might be one of those who were organically introduced to the topics of Terrorism, Communism, Socialism, Capitalism with LIVE examples all around amongst both sides debated points & forming our opinions in the midst of the same as we went about our lives.

No One supports Terrorism & its very much in Black & White but what makes this topic worth debating is when it becomes political as a mean to achieve bigger means. When Terrorism is fuelled by Religion then still, few can find sides based on rationalism but when it becomes a Politically Motivated Terrorism Issue then its a fight about who’s More Wrong.

Unfortunately, this is what has happened in Kashmir – fuelled by the 1947 Partition Venom, Kashmir has just not been allowed to come to terms to what it deserves to be.

Under the clout of Unaccepted Ownership of Indian Republic to a certain section of people based on Old Age reasons, a Young Beautiful emotional State has been played with time & again by the neighbours for a higher Political Relevance at Global Arena.

It’s nothing but unfortunate that Kashmir & India including their people have paid such heavy prices for this long due to indecisiveness on Political aspects.

At times, it is impertinent to take some STRONG rational calls for the overall Good! Israel’s stand against Palestine, US stand against Afghanistan, Lankans against LTTE are some recent modern day examples. Time India does the same!

Surgical Strikes have been widely appreciated & such mechanisms to separate & expose Militants from countries’ politics, forcing them into receding will create a LongTerm & Well Appreciated Example. India is well aware that it is amongst the Top 2 Growing Economies in the World & everyone looks upto them for solutions.

The decision is Long due & is evidently on the Walls – India is a much much more prosperous, educated, developed, flourishing nation as compared to Pakistan hence Kashmir (if and when has to fairly systematically choose its Future) shall be a part of the Former including PoK.
Execution & Enforcement of the same has to be fast & clear but Indian Subcontinent has always been slower in creating such strong consensus.

My Prayer – last attack on 14th Feb 2019 to our CRPF Men in Pulwama be the Last Ever! Amen

Law of Attraction!

So I have been thinking about it a lot recently… that you DO control & are responsible for everything happening to you in most of the ways! You chose those experiences.

Its mystical & probably mythical but I do Believe in this Totally.

When I go back into my past & try look at critical moments from an unattached way – I do find lots of answers for Present being the Way it is.

jack-canfield-law-of-attraction-quote

Somethings are pre-defined or pre-subscribed like the macro-economic factors, your Physical Appearances, Your Lineage/Birth, Your career path (to great extent) but the extract you take out of it is completely YOUR OWN & YOUR VERY OWN!

This is What defines your Remarkableness or Your Quest for Greatness !

Seek That Juice Made for you & Keep it like Your Secret Portion coz no one else can create that is meant for you.
Let that juice have all the ingredients you wish for – money, fame, social acceptance, satisfaction, peace, Love, Sex, Physical intimacy, spirituality, knowledge, fitness, Pride – my only secret addition will be that of Empathy or Compassion for other Human Beings! Coz Our World needs it Badly.

How quickly can you understand the other people’s needs, issues, challenges & provide for that will define the success of this human race & in a way of your own.

Try & Find Values Dear To you & Stick by them forever – they will be Your Guiding Light! But Learn to master them by not letting you do the same mistake again n again.

What is up with the WRONG Celebrity Culture?

I do think that most of the people on earth do not know how to spend their time!

I do not claim that I do that myself but I definitely do not think that only Idol/Individual Worship helps anyone from personal experience! When I say Idol worship, it includes a known human face worship as well!

It’s good to have ideals – personal as well as public related, but to put a face to it or give a human that personification of those age old + modern evolved idols should be TREATED CRIMINAL. I repeat, HeroWorship in any form and shape should be a CRIMINAL OFFENCE.

What happens is that in doing so, one is empowering a person (made of bones, skin with emotions, thoughts, needs, desires like us all) to be the KING/QUEEN or GOD – You are by default telling him/her/it to rule them, control them & you have to follow them unquestioned coz you chose them unquestioned.

Let me also specify that in world terms – my problem lies with Global Leaders chosen by default system/process and in National terms with Male Cricketers, Movie Stars (not even good actors just celebrities), family owned industrialists, politicians, beaurecrats & their kids.

They treat public, democracy, media, judiciary, legislative bodies, Law & order as pawns to their wills & fancies. Perhaps it is a very age old problem running but with today’s times of more confident youth who are selfish (lets admit it) and don’t give a damn about anyone/anything plus more scrutiny thanks to social media & outspoken-ness of public – I do wish this UNWARRANTED POWER OF SO CALLED POWERFUL PEOPLE to go away!

I want more and more people & new systems to stand up to such powerful individuals who bring their individual interests first & public welfare/ social welfare last!

shallowness

So what’s the solution :

  • More vigilant, flexible & faster system biased towards social welfare, public opinions backed by data & figures of qualified sources to take centre – stage (yes yes, its always subjective but there are models still). To have other institutions follow these system & not rally around eyeballs.
  • Educated & qualified public (who understand that this celebrity culture is doomed to put society to fail) to Speak Up & Take Ownership. It has always happened in history in all forms & there is no reason why people who attract others based on their flesh & faces should be respected & not on simple basic skills. Parents & Schools shall play the most important role.
  • Media Content control mechanism – there is so much need for Media to be told that public are no fools & they can see through their intentions of putting up a story so better make those intentions clean & RIGHT! This should be done at all levels & channels – we need more powerful regulated bodies linked to Public systems (indirectly to Democratic powers)

Honestly, am not so sure if I will see the above moving in my lifetime but will be good to see some sort of beginning made towards it.

ZINGOGRAPHY : Tech/Product/UX/Startup Update # 10 – PM ToolKit

Please consider every PM to be a works-person, who needs tools apart from their skills to do a good job out of a situation!

Every worksmith/ carpenter/ chef, etc. is incomplete without their toolbox so its important as a Product Manager to be sure of your own sharpened tools basis your experience, intuition, comfort/compatibility, etc.

I also have now worked for 8+ years in different Products domain starting with Data, OTT, E-commerce, Retail Channels (B2B + B2C), Media, Food, Jewellery, FMCG, FinTech, Travel/OTA, AdTech, Transportation (Cabs/Trucks), etc.
And from my own & other PMs experience – let me share a list which I find is useful for one & all. These are compiled basis checking with other industries & PMs as well :

  1. Research Tools : SurveyMonkey, Google Forms, TypeForm
  2. Current Situation + Need Gap Analysis : Porter’s Frameworks – SWOT, 4P, STP, 5 Porter’s Force
  3. Project Management : Asana, Jira, Trello
  4. Team Management : Slack, Basecamp
  5. MVP & Road-mapping : Asana, Aha, ProdPad,
  6. Spec Writing : Word, DropBox Paper, GitHub
  7. User Scenarios Mapping : Excel, Smaply/StoriesonBoard
  8. Designing : Invision, Iconjar
  9. Coding/ Development : GitHub
  10. UX : Prototype,io, Axure
  11. Team screen sharing + feedback incorporation : Zeplin, Intercom
  12. AB Testing : VWO, Wasabi
  13. Analytics – Front End : Google Analytics, Firebase
  14. Analytics – Middle ware : Moengage, Clevertap, Appsflyer
  15. Analytics – Back End : SQL, ML Tools
  16. Campaign Management : Adobe 360
  17. Targeted Campaigns : Targetting
  18. Revenue + P&L Management : MS Excel Macro

Apart From this – the must have ingredient almost like Oiling is 5-6 hours of Reading, Networking, Experimenting, Failing, Sharing, etc.

All The Best : Let the Magic Begin!

10x10FT-wiece-Ksi-ki-P-ki-Biblioteki-Pok-j-Czaszka-Halloween-Klienta-Fotografia-T-o-Studio

Create a free website or blog at WordPress.com.

Up ↑