As a the first thing you should do every morning is look at yesterday’s . Most of the times there won’t be any dramatic change in your metrics. But if you wake up one fine morning to find a 20% drop in any of your KPIs, you should know why. You won’t appreciate your CEO sending you a Stinker mail cc’ing half of the company, do you? Product Manager data In this post I will teach you how to do a (Root cause analysis). We used to track a lot of KPIs at Craftsvilla, but our north start metric was (Transactions/DAU). RCA Conversion Say conversation hovered around X and due to some reason it dropped by 20% the day before. I would notice the drop in my daily morning metrics email and use the following process to figure out what went wrong: First thing to check — . For most B2C businesses usage peaks during weekend as majority users are at home. While for B2B SaaS companies there is a drop as employees are not at work. It is stupid to compare Sunday’s data with Monday and feel bad if there was a drop in conversion. Or comparing numbers during Diwali week with the week after. If there was any seasonal effect In absence of any seasonal effect the next step is to check if anything went wrong at our end. Was there any server downtime? Were the API response times same as usual? For this I would look at New Relic* data and cross check with my Dev Lead.Did any new build go out yesterday?I would open Crashlytics* to see crash rate and if there was any spike in it 3. ? Checking this report is always the easiest way to confirm if something broke. What does yesterday’s hourly data say Example: Between 2PM to 5PM there were no transactions recorded. It means something happened during that period which let to overall conversion drop. 4. If I am convinced there was no seasonal effect as well as tech I would check the conversion funnel next. For a typical e-com company the funnel looks something like this:Home -> Category Page -> Product Detail Page -> Cart -> Success Page Was there any significant drop in any part of the funnel? 5. Next step is to . check performance of all traffic sources and user segments Mobile vs DesktopNew Users vs Old UsersOrganic vs PaidDid our SEO rank drop?What about yesterday’s push notification? Did they go out on time. How did it perform compared to our historical push dataPerform same exercise for email campaigns 6. There is a chance of some acquisition campaign performing poorly too. I would check the performance of each marketing campaign and if any particular one out of them led to the drop. Any mobile attribution platform like Tune/ Apsalar/Appsflyer gives you this data. How many new users transacted on the app yesterday? 7. Lastly I would . Check Support tickets, Play Store reviews, Customer chat logs to see if the volume of complaints increased. look at all customer engagement channels After doing all these steps there is a high chance I would find the root cause of the drop and fixed it. In case you are not doing this exercise at your company here are some action items: A) Get and running. Also set up Server logs to catch errorsB) Have something like Pingdom to alert you of downtime instantlyC) Track funnels on *D) Track performance of Push notifications and EmailsE) Schedule daily metrics report along with hourly dataF) If you find any bug, ping your Developers on and report it! New Relic up Google Analytics Flock Having data is not enough though. Make it a practice to look at data daily. Set half an hour in your daily schedule just to look at data. * Or some similar service Liked this post? Don’t forget to follow me here: @manas_saloi https://upscri.be/hackernoon/
![10 FinTech Trends in 2021 [Part II]](https://firebasestorage.googleapis.com/v0/b/hackernoon-app.appspot.com/o/images%2F3nhao37bBEfHA9RTQ0WNVWfXPD02-ern31d7.jpeg?alt=media&token=f48ef9e5-ec15-4bfe-93cf-9a84dfb77f84&auto=format&fit=max&w=3840)
