statistics course for product managers


The course itself includes video lectures, case studies, and exercises. Your syllabus has been sent to your email. In a session per week, you'll have the opportunity to (i) learn from established Data & ML Product Builders to find out how they leverage data in their products, (ii) participate in hands-on sessions simulating the interaction between PM and Data teams and (iii) learn how to ask questions to your data. Learn how to stream data to unlock key insights in real-time. Both of these skills make us better product managers. Major publications such as Forbes, Product Hunt, Huffington Post, AlphaUX, and Mattermark have extensively covered our work. At Atlassian, he built one of the industry's first B2B growth teams from nothing to a department over 50 people strong. These courses provide candidates with detailed coverage of the ins and outs of product management, paying particular attention to the frameworks, strategies, techniques, and skills associated with proper data product management and its implementation. What the above graph shows is that by sheer coincidence, its quite likely that some of the high-performing companies will adopt some trendy management technique, and that its likely well observe this even if theres literally no correlation between the management practice and the companys performance. All rights reserved. This means youll only be able to get the certification after youve completed the entire set of product management courses. Product managers have to make bets on the future. We provide services customized for your needs at every step of your learning journey to ensure your success. We would never want you to be unhappy! Learn how to apply data science techniques, data engineering processes, and market experimentation tests to deliver customized product experiences. Lectures will be running after work hours, starting at 6 PM (GMT). Lunch & Learn sessions will be running during lunch, and compatible with your timings. Data is powering all kinds of products. Youll learn directly from experienced Product Managers at Zendesk, Expedia, and DISQO, who have constructed this Nanodegree program to equip you with the most in-demand and relevant industry skills. To see why, take a look at the following graph: This is a plot of 100 randomly generated data points. A strong understanding of statistics facilitates three key responsibilities of product managment: understanding analytics, implementing cooprorate change, and making accurate forecasts. Products that collect data from its users can only leverage such data if it gets processed and stored properly. A value of .10 means youd wager theres a 10% chance Apple starts to build a fitness-oriented service. Reforge membership combines cohort-based programs with a year-round experience to help you learn, execute, and scale yourself and your company. Youre a good product manager, however, so you decide youre going to experiment with a new feature and see how the introduction of that feature affects engagement using cohort analysis. Youll have to check the website to find out when the next course begins and enroll accordingly. The course includes live webinars, case studies, program support, and office hours. Maximum flexibility to learn at your own pace. In that same study, however, Phillip Tetlock found that there was a small group of people who were markedly better than the others at forecasting. Because the authors only focus on a few examples, its easy to be fooled into thinking that the exemplars outstanding success is a good reason for adopting the managment or product strategies the author recommends. Courses you need to take before enrollment: If youre looking for more information on product analytics, check out the following resources: For more product management tips and tricks, subscribe to The Product Manager newsletter! How to ace the interviews and grow in Product Analytics, Developing a Product Hypothesis and User Personas. Begin by leveraging the power of SQL and Tableau to inform product strategy. Now, imagine that the x-axis of the graph represents the extent to which a company adopts some trendy managment recommendation like Objectives and Key Results, Big Hairy Audatous Goals (BHAGs), or Jobs to Be Done, and imagine that the y-axis represents the companies performance. The estimated time to complete this program can be found on the webpage and in the syllabus, and is based on the average amount of time we project that it takes a student to complete the projects and coursework. A data product management credential is given to candidates who successfully complete the data product management certification course. "Nanodegree" is a registered trademark of Udacity. The content of the course was designed for everyone, independently of their technical knowledge. The difference between earlier and later cohorts (a difference ultimately driven by time of year) is a confounding variable that could lead us into thinking we have improved the product when we havent. Shaun is the Chief Product Officer at MuleSoft, and previously was CPO at Metromile and Head of Growth at Atlassian. She was previously the SVP of Growth and Data at Gojek, the largest on-demand marketplace in Southeast Asia, where she helped accelerate growth over 1000x to tens of millions of transactions per day. Apply learnings to make step-by-step decisions for data infrastructure of an organization. Companies like Amazon, Netflix, Google, and more are able to provide personalized and engaging experiences to users because they utilize data science, machine learning, and artificial intelligence to better meet user needs. It turns out that were pretty bad at this. If youve ever looked at analytics for software products, youve probably run across a graph that looks like this: Graphs like this one depict cohort analyses.3 This particular graph is from Google Analytics. You will also need access to a computer for which the requirements are: Programming for Data Science with Python Nanodegree program, Growth Product Manager Nanodegree program, Flying Car and Autonomous Flight Engineer, Project feedback from experienced reviewers, Practical tips and industry best practices, Additional suggested resources to improve, Questions answered quickly by our team of technical mentors. In this practice session you participate on the decision making process of budgeting a cloud-solution for a ML product. New projects, cases, and examples across topics in Product, Growth, and Marketing, Throughout the year, Reforge partners host live sessions to examine critical topics and coach community members through their most difficult issues. There are a series of factors that influence the exact amount that a data product manager earns. Good forecasters attach probabilities to their predictions (more on why some other time or just read Superforecasters). Perfect to get started into Product or refresh your knowledge. Learn about data infrastructure components including data pipelines, data producers, data consumers, data storage, and data processing. PM professionals with a data product management certificate such as PMHQs Data PM Certification have a greater chance to reach or exceed the national average salary. Heres a description of the study from Daniel Kahneman in Thinking Fast and Slow: Tetlock interviewed 284 people who made their living commenting or offering advice on political and economic trendsTetlock gathered more than 80,000 predictionsRespondents were asked to rate the probabilities of three alternative outcomes in every case: the persistence of the status quo, more of something such as political freedom or economic growth, or less of that thing. She is experienced in building platforms, high performance start-up divisions, streamlined operations, and managing customer expectations. She tells you. He dubbed that group superforecasters and wrote an excellent book about what makes that group different from the others. Enjoy videos and updated course material for a lifetime, Capstone Project: 100 video lessons + assignments + quizzes. (GMT). Your growth doesnt stop with the cohort, it just begins. Vaishali has 12+ years experience in tech eco-system ranging from product management, product development, content writing to coding. Our community consists of some of the best established and upcoming product managers from around the world. ), some experience with data analysis (basic SQL & Tableau), and a general understanding of product management is helpful. Sometimes this is fine. What's the schedule? Earn an official certificate of completion upon finishing the course. Exhibit A: One extremely common practice in business books is to present some sort of recommendation or framework for product or organizational design and then to point at three or four wildly successful business that use the framework. Finally, learn techniques for evaluating the data from live products, including how to design and execute various A/B and multivariate tests to shape the next iteration of a product. Product managers as Marty Cagan points out must manage risk around: Most of us arent very good at making these kinds of bets. While this is a well-recognized university-level course, it is also part of a larger product management certification. Enroll now to build production-ready data infrastructure, an essential skill for advancing your data career. Learn how to use data effectively and identify the right metrics to drive impact. Understand which data is best collected through quantitative versus qualitative methods, and how to interpret it. Click randomize a few times and notice that theres almost always a few data points that wind up up the upper right square. Product analytics certification lets employers know youre well-versed in analytics and data-driven decision-making. Learn how to create an event tracking dictionary. Most importantly, you'll get practical knowledge and the foundations to either change your career, succeed in product interviews or step up your game inside your company. This will be done through use cases covering multiple areas and data science skills to be able to deliver an overview of the space. Join our guest to understand how to leverage Data and ML to help solving different problems and how to use concrete metrics for decisions in Data & ML Products. This has actually already happened with BHAGs from Jim Collins popular book Built to Last. Join the program to learn from real examples and extend your PM skills (or become a Data Product Manager). Each certification is hosted on Product Manager HQ's website ensuring its authenticity with hiring managers. In session 4 you will learn how to use SQL and get your hands dirty on it to perform product analysis and support your decisions in a more independent way. Fabrics graph looks a little different and it only tracks retention, but its still a cohort analysis. Absolutely not. Of course. The topics this program covers are: Discover how to build an Altitude Map of your product area. Learn what are the factors that help you decide and communicate with different data teams, the landscape of ML-products for the next years and the possible impacts for your company. Udacity Nanodegree programs represent collaborations with our industry partners who help us develop our content and who hire many of our program graduates. Is this for me? Product School is generally well-recognized by the industry, so this certificate is a good credential to have for product managers entering the field and will provide a solid foundation to product analytics. To drive home the importance of statistics in understanding analytics, well look at how. I work during the day. Start typing to see results or hit ESC to close, How To Ensure Your Product Strategy Is Effective. More specifically, Tetlock found that superforecasters have a strong intuitive grasp of Baysian reasoning, which is a way of updating probabilistic judgments based on new information.9. Tailor a learning plan that fits your busy life. You will need to use SQL, Tableau, Google Slides or Microsoft PowerPoint, and Google Sheets or Microsoft Excel, as well as have access to the internet and a 64-bit computer. Expect to spend about 2 hours a week on active learning. Data Product Manager Certification Course. However, a basic understanding of data terminology (i.e. You can also take the exam as many times as you want to ensure youve really acquired the knowledge. While it is unclear how impactful the certification itself is, the course does include free access to the community which could be useful in networking. How To Foster Zero To One And One To N Team Culture? This is the only cost you'll incur for the entirety of the course. Getting your company to reorganize around product teams or to take on a big product risk are not trivial tasks. Each week you will go through 2 to 3 hours of self-paced material covering actionable frameworks and proven systems for B2B & B2C companies that were created by leading executives. will learn the different steps in the workflow of typical ML products. One time fee. In this practice session you'll learn the most critical metrics, factors and business implications of some decisions while using ML models. You will understand when to use and not to use ML, the different alghoritms available to you and their business implications. This online course helps candidates develop a high-level understanding of PM fundamentals and prepares them for a career as a product manager. Despite all of your hard work, youll always feel lost because: To become more data-centric, we went down the rabbithole to understand what it takes to build successful data products from the inside out. Lead the development of data-driven products that position businesses to win in their market. In session 1 you will learn how data science goes together with product. She had helped Adobe to build a very large and successful business for itself on the order of $2B in annual license revenue with its desktopbased Creative Suite. The community connections are excellent; when you are stuck and need help, everyone is just a message away.". This certificate program is suitable for product managers, product owners, and product marketing managers. A few weeks after youve told your team about your skepticism, suppose a coworker pulls you aside and tells you that an Apple-savy forecaster like Above Avalon has recently predicted that Apple will in fact more aggressively pursue a fitness-oriented service built on top of their fitness app. Extract insights from user journey maps to define KPIs of suggested product enhancements and design the relative hypotheses and experiments that are needed to prove the assumptions of product enhancements. PMHQ organizes and administers the PMHQ Product Manager Certification program. We will cover the commoditization of ML and what are the possible impacts to be aware and how to decide. Here are four of the most notable product analytics certifications to consider: The PAC is a certification provided by Product School and Mixpanel, a product analytics tool. Deepen your understanding of segmentation, relative impact and correlation analysis, and analysis in practice. We interviewed thought-leaders within the industry. Product Managers willing to gain a competitive advantage in the decision process of Data-driven products and understand the Ws & Hs of incorporating Machine Learning in a product. All products developed for today's market are data products - running on data-derived insights to provide the right experience, to the right user, at the right time. From the basics of growth marketing to acquisition loops, monetisation and measuring success. You dont have insider tips nor the right technical resources on how to stand out as a candidate in data PM interviews. So does Fabric.4. Cohort analyses can be very useful. Though the course revolves around Mixpanel as its tool of choice, so it doesnt go through a wide range of tools. There is no application. Building a repeatable, data-informed system relies on having the right tools and strategies at your disposal. Its like a mini MBA that Ill use for the rest of my career. 2022 One Month PM. Specific schedule will be provided closer to the start of the program. Understand the role of data product managers within organizations and how they utilize data science, machine learning, and artificial intelligence to solve problems. This is the only cost you'll incur for the entirety of the course. Marty Cagan seasoned product manager and author of a book and blog that makes practically every recommended reading list for new product managers says that there are two academic courses that every product manager should take: finance and computer science.1 In this essay, I suggest we add another course to this list: statistics. I wont get into how Bayes rule works here, but I do want to quickly walk through an exmaple that will hopefully illustrate how understanding the rule could be useful and show how counter-intuitive it is. To join Data for Product Managers you need to be a Reforge Member. Do I need to be technical or know programming? Our knowledgeable mentors guide your learning and are focused on answering your questions, motivating you and keeping you on track. Spend your time building great products, automate the rest. In this course, you learn about the skills a modern data PM professional needs to succeed in the industry as well as how to develop, launch, and market a successful data product. This is one of the most impressive, nearly super-human, examples I know of a product leader driving massive and meaningful change in a large and established company. No prior experience with data modeling and data engineering is required. If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund. This course has no prerequisites and you donotneed a data or technical background. You can take this at your own paceonce you sign up, youll have lifetime access to all the course content. "The explanations are clear and understandable, even if you dont have any technical background. From conducting analysis to communicating your insights effectively, youll learn how to drive compounding wins of your resources, without sacrificing efficiency. Additionally, he has advised many different startups including Pipefy and Sprout Social. To join this program you need to be a Reforge Member. Product Owner for Data and Growth / Acquisition at Lifelock and hes currently a Product Manager at Microsoft. I can confidently say it's helped me do just that. Data Engineering is the foundation for the new world of Big Data. If youre convinced and want to start studying, I recommend the following resources: Ive written about how we can avoid this problem with cohort analyses, Naked Statistics: Stripping the Dread from the Data, Udacitys introduction to statistics course, Inspired: How to build tech products users love, Superforecasters: the art and science of prediction, how a strong grasp of statistics can help product managers make better forecasts about things like consumer behavior trends and competitor product moves, value risk (whether customers will buy it or users will choose to use it), usability risk (whether users can figure out how to use it), feasibility risk (whether our engineers can build what we need with the time, skills and technology we have), business viability risk (whether this solution also works for the various aspects of our business), This is actually a cohort analysis of weekly retention on my blog. Every session will be taught in real-time and every participant will be able to collaborate and engage in each session. Cost: US $2,600 (special discount for groups). Data product managers need to ensure their products have the appropriate supporting data pipelines in place so that data collected from users can be extracted, transformed, and loaded into a data lake or warehouse that can be used for statistical analysis. Just like all of PMHQs courses, there is no set timeline or deadline to finish the course. It also can give us hints as to how we can resolve these issues. The Data Product Manager Certification Course solves the core need of a PM by helping them gain data fluency. Perhaps the most famous illustration of this comes from Phillip Tetlocks 20-year study on expert political forecasts. Sometimes we just settle for evidence that suggests the inference. Access to the worlds first and largest Product Manager Slack community where you can meet, chat with, and learn from over 9,000+ product people around the globe. We just saw this with the above Adobe example, but if you think for a few seconds about the types of risk that product managers are charged with managing, it becomes obvious that product managers need to make these kinds of bets all the time. big data, database, algorithms, etc. The Data PM Certification by Product Manager HQ is a certification course that teaches PM fundamentals and takes you through the process of becoming a professional data product manager. The Struggle: Why YOU Should Take This Course? Product managers now have the opportunity to utilize this data to not only enhance existing products, but create completely new ones. Instead, you love the cross-functional skills that came with data product management. yesno. 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The certification is the result of a 6-week program that requires 4-6 hours of commitment a week. Product managers must have a strong understanding of how to influence the organizations theyre working for. Translate the frameworks to your company with active, hands-on exercises, worksheets, and weekly micro-projects. Its also a great course for engineers and data scientists looking to track product performance to gain better insights; entrepreneurs who need it for business analysis; and anyone in the digital marketing space. Leverage data to build products that deliver the right experiences, to the right users, at the right time. Initial guess about Apples intentions (prior): 0.10. "I took the course to get better at measuring results from implementing new features. With real world projects and immersive content built in partnership with top tier companies, youll master the tech skills companies want. We believe the best way to change the world is to make product management knowledge accessible and affordable. If you work in tech or in a company where Data-driven products are key to its success, then knowing how to leverage Data and Machine Learning will improve your chances of being successful. One of the fastest career tracks right now is product management. The best products adapt to market changes over time and are constantly being refined based on user feedback. You lack a formal background in computer science or software engineering. The course includes live sessions by Matthew Brandt, the Interim Head of Business Insights at Penta, and several guest speakers. Copyright 2022 Product Manager HQ, All Rights Reserved. This is a terrible reason for taking a framework seriously. Everything Product Analytics: How Do I Execute a Data-Driven Product? Hone specialized skills in Product Management and build data products that position customers and businesses to thrive. Every week there will be optional opportunities to connect with peers in the cohort solving similar problems to you. To sum up: a strong grasp of statistics can help product managers read analytics, understand and influence organizational dynamics, and make better forecasts. Examine the iterative process required to generate data insights. Switch to monthly price after if more time is needed. Do I get certification after completing the course? I can definitely see myself referring back to lessons when I need to tackle growth projects at work. The following Nanodegree programs are not necessary to complete before starting this program, but could be helpful if you would like to prepare. We arent always looking for perfect inferences that our product changes are driving better metrics. You'll acquire the skills to take value from Data and Machine Learning, and superpower your projects. Apple also has one for app analytics. Yes, this course will be live-streamed. Learn how to apply chi-square tests to determine if results from data analysis are statistically significant.