
Explore data science fundamentals for product managers in the AI era. Discover the recipe for success, pitfalls, and collaboration with data science in products.
Get a high-level primer on data science and data science products, and explore the product manager and data science partnership, plus strategies for designing successful product marketing.
Explore six modules covering the landscape of data science for product managers, common algorithms and tools, data strategy and visualization, and strategies for collaborating with data science teams.
Define data science as an approach that analyzes very large data sets, extracts patterns and insights, and makes predictions or prescriptions to impact a business driver.
Explore how data science sits at the core of products, creating differentiating value. See Uber, LinkedIn, and Salesforce Einstein use surge pricing, graph search, and predictive lead scores.
Explore big data landscape across infrastructure, transformation, analytics, and applications, with players like Cloudera, Hortonworks, Mongo, Oracle, Alzira, SNAP Logic, Domo, and IBM Watson, applied to life sciences and HR.
Learn how data scientists build models from data sets by selecting features and applying supervised, unsupervised, and reinforcement learning within machine learning.
Explore the three core analysis types—descriptive, predictive, and prescriptive—and learn how each answers different questions about data, from what happened to what will happen and what actions to take.
Describe descriptive analytics as backward-looking, reflecting past events, with examples from dashboards, a sales funnel in salesforce, and Mint.com expenditure classifications.
Explore predictive and prescriptive analytics, including forecasting with Salesforce examples and weather apps. Evaluate models using confusion matrices, recall, precision, and business metrics.
Explore big data terms, including relational databases versus NoSQL like MongoDB and Cassandra, and learn how Hadoop's HDFS and MapReduce underpin Spark's fast analytics across diverse data sources.
Explore data science algorithms, from regression and random forests to neural networks, and distinguish supervised, unsupervised, and reinforcement learning, with clustering as a popular use case.
Explore principal component analysis to transform data into a new coordinate system, maximize variation, and reduce dimensions by expressing data with the first and second principal components.
Learn how k-means clustering uses k (the number of clusters) to form homogeneous groups by assigning points to the nearest center and iteratively updating centers until convergence.
Explore association rules and how support, confidence, and lift reveal item co-occurrence, with beer and soda as examples. Lift greater than one signals stronger associations.
Explore how page rank, a network analysis algorithm named after Larry Page, ranks web pages and other nodes by considering incoming links, their strength, and the ranking of source pages.
Explore linear regression as a basic predictive analytics method, linking the dependent variable to explanatory variables. Understand that correlation does not imply causation when predicting sales from rain.
Classify data points using k-nearest neighbors by considering the labels of nearby points. Choose k to balance noise and patterns, and use distance to detect anomalies and outliers in regression.
Explore decision trees by traversing yes/no questions to leaves, illustrated with Titanic survival, then learn recursive partitioning and how random forests ensemble trees for predictions.
Learn a four-part process for building a product feature with data science: data prep, algorithm selection, parameter tuning, and evaluation. Collaborate with design and define mvp, success criteria, and metrics.
Examine how 80 to 90 percent of enterprise data is unstructured, requiring NLB techniques for emails, videos, and images, and compare relational databases with document oriented storage.
Explore binary, categorical, integer, and continuous variable types with examples like yes/no responses, fruit types, quantity bought, amount spent, and why they matter for algorithms and feature engineering.
Master variable selection by choosing the most relevant features for predictive models, reducing noise and redundancy to improve accuracy, and exploring manual and automatic approaches.
Engineer new features by combining existing ones, as with principal component analysis, and create an overcast variable from cloud cover to improve rain likelihood models.
Parameter tuning drives the iterative nature of data science, as the first model run may not yield the best results; tune cluster counts, random forest trees, and decision trees.
Evaluate model performance using metrics such as accuracy, confusion matrix components, recalls, and root mean squared error or MASC, then validate with back testing and consider real-time requirements.
Explore supervised versus unsupervised algorithms and use cases such as clustering, classification, regression, and image recognition; learn how use cases drive selection and compare gradient boosted machines with random forest.
Data science does not change product management fundamentals; stay obsessed with customers, address their pain points, and drive value. Measure business metrics; data science remains a means to an end.
Evaluate visible versus invisible AI, challenge the myth that the best idea is invisible, and contrast Uber, LinkedIn, and Salesforce while advocating high/medium/low probability visuals for easier cognition.
Turn insights into actionable guidance by showing how data science explains why opportunities are scored a certain way, guiding product managers to take specific actions.
Design your product for the user, not a data scientist, by prioritizing concise visuals, minimal information, and clear templates over complex charts.
Design is AI's best friend; learn to convey insights with simple visuals, use trend arrows and time intervals, and apply progressive disclosure to reveal details while avoiding clutter.
Design apps for managers with summaries and insights. Use anomaly detection to alert managers to out-of-the-ordinary events at scale and show prescriptive analytics like what if modeling and surge pricing.
Explore data visualization as visual storytelling, prioritize clarity with succinct dashboards, and convey insights explicitly for management audiences.
Track your key performance indicators to validate data science impact on lead conversion. Measure product usage and adoption to see if users return and use the feature as intended.
Back testing uses historical data to validate a model’s predictions by splitting data into training and testing sets, training on past outcomes, and evaluating against actuals.
Explore data science pitfalls, including that big data is relative and more data isn't always better. Data can be out of date, and products face unintended uses and privacy risks.
Engage data scientists in the cadence, integrate them into sprints, backlog, and roadmap planning; define problems and use cases, and keep algorithm choices with data scientists, while prioritizing business metrics.
Product managers integrate data science into marketing by deciding when to mention it, how to explain algorithms, and how to back claims with use-case data and legal input.
A data smart product manager grounds themselves in basic data science concepts to collaborate with data scientists, engineers, and user interface teams to craft products powered by data science.
Identify the three personas—data scientist, data engineer, and data analyst—and how they balance models, infrastructure, and analytics, illustrated by Salesforce.com job postings.
Learn the essentials of data science, from basic stats to introductory online courses. Hands-on with Excel, and collaborate closely with data scientists to drive product decisions.
Explore how linear regression uses independent variables X to predict a dependent variable Y and how coefficients describe changes per unit. Understand R squared as the goodness of fit measure.
Explore how advertising, measured by TV spots, relates to sales across territories using a scatter plot and a simple linear analysis to fit a line of average sales.
Derive the regression line from data, more objective than the scatterplot, with the regression equation, using sales as y and advertising as x, and note the intercept, slope, and epsilon.
Analyze regression results in Excel, interpret correlation between sales and advertising, r-squared and adjusted r-squared, anova and f-stat, and the advertising coefficient.
Use regression and data science to predict the dependent variable from features and independent variables, such as age from photos or stock prices and revenue.
Discover homogeneous groups in a data set with cluster analysis, a key classification technique used in machine learning and market segmentation.
Define data strategy as a coherent plan to organize, govern, analyze, and deploy information assets, balancing defensive and offensive approaches and fostering data driven decision making.
Analyze divergent strategies using hospitals, banks, and retailers to illustrate defensive strategy, data integrity, regulatory controls, and the use of offensive strategy in fast-moving markets.
Explore diverse data visualizations, from descriptive analytics to predictive and prescriptive analytics, and interactive D3 visualizations that draw inspiration from multiple disciplines.
Explore time series data visualization with an interactive chart of US states' party-line shifts over time, where line width reflects electoral votes and swing is shown through highlights.
Explore cartographic data by overlaying heat maps of population density and zero-vehicle households on a city map. Analyze how these visualizations reveal correlations and highlight details in San Francisco.
Explore a financials chart built for trading decisions, showing key statistics as text, with trend visuals and volume on a shared x-axis, plus interactive affordances.
Explore an interactive visualization tracking a thousand people's daily activity over a 24-hour cycle, with cluster sizes showing sleep patterns and a middle traveling cluster indicating an intermediate state.
Explore heat maps plotting diseases and vaccines by state in the early 20th century, showing vaccine introduction relates to case declines, with hover details of state, year, and value.
Explore a satellite visualization around the Earth with country color coding and circle sizes for launch rate. Click to reveal movement and view satellites in elliptical orbits with changing altitude.
Experience a favorite visualization that demonstrates how music can inspire a multidisciplinary approach to product management, sparking cross-domain inspiration and fresh ideas.
Explore FiveThirtyEight's interactive regression to test if the party in power affects the U.S. economy, defined by GDP or inflation, and assess statistical significance across presidents, Senate, House, or governors.
Survey big data and the landscape of data science, introduce key algorithms and technologies, and explain typical data science projects to help product managers think in data science terms.
Are you a Product Manager looking to harness the power of Data Science to drive strategic decisions, build data-driven products, and enhance customer experiences? This comprehensive course, "Data Science for Product Managers," is designed to help you navigate the rapidly expanding intersection of product management and data science. Whether you're new to data science or want to refine your skills, this course offers a deep dive into everything you need to know.
What You’ll Learn:
In this course, you will gain a solid understanding of both fundamental and advanced data science techniques, and how they can be applied directly in product management contexts.
Understanding Data Science: Explore the core principles of data science, including its role in analyzing complex data and solving real-world problems.
Data-Science-Enabled Products: Learn how data science powers some of the most popular products we use today, from recommendation engines (Netflix, Amazon) to voice assistants (Siri, Alexa).
Big Data Landscape: Get familiar with the ecosystem of big data tools and technologies, including Hadoop, Spark, and NoSQL, and understand how they’re used to process massive datasets.
Data Science Basics & Machine Learning: Master the essential concepts of machine learning, including algorithms like regression, clustering, and classification, to turn data into actionable insights.
Data Science Algorithms: Dive deeper into popular data science algorithms, including K-Means Clustering, Association Rules, Decision Trees, and more, used for product optimization and customer segmentation.
Building Data-Driven Products: Learn how to structure and manage a data science project from start to finish, including data collection, model building, and integration into a product.
Data Science for Product Managers: Understand the unique role of the Product Manager in collaborating with data scientists, analyzing data, and using insights to inform product strategy and development.
Who This Course Is For:
Product Managers looking to expand their skillset by learning data science principles and applications.
Aspiring Product Managers who want to understand the importance of data-driven decision-making in product development.
Data Science professionals seeking to collaborate more effectively with product management teams.
Anyone interested in how data science can be used to improve customer experiences, optimize products, and drive business growth.
Course Structure:
The course is divided into comprehensive sections that guide you through both theoretical knowledge and practical applications.
Introduction to Data Science:
Learning Objectives
What is Data Science?
Data-Science-Enabled Products
Big Data Landscape
Data Science Basics & Machine Learning:
Core machine learning concepts like regression, classification, and clustering
Practical application of machine learning in product management
Data Science Algorithms:
K-Means Clustering, Decision Trees, Regression Analysis, and Association Rules
Applying data science algorithms to product features and enhancements
Building Data-Driven Products:
Real-world examples of how data science powers product features and performance
Lessons on back-testing, quality assurance (QA), and delivering actionable insights
Product Manager and Data Science Collaboration:
Best practices for product managers working with data scientists
Leveraging data science insights for effective product strategy
Advanced Topics in Data Science:
Principal Component Analysis (PCA), Parameter Tuning, and Interactive Visualization techniques
Advanced machine learning and big data tools
Visualization and Insights:
Master data visualization with tools like heat maps, scatter plots, and financial charts
Learn how to present data for maximum impact in a product management setting
Key Features:
Interactive quizzes to test your knowledge at every stage
Real-world case studies showcasing how leading companies use data science in product development
Practical examples that show you how to apply data science concepts in your role as a product manager
Easy-to-understand lessons, designed to make even the most complex data science topics approachable for non-technical users
Why Should you take this course from IPL
Institute of Product Leadership (IPL) was formed in conjunction with the Executive Product Industry Council (EPIC). IPL's programs are designed for professionals, enabling them to accelerate their career, transform into a leadership role and internalize entrepreneurial thinking.
Till date Institute of Product Leadership has helped Thousands of interested learners in acquiring knowledge the aspire to learn. Our participants acquire the skills to build innovation in the global context and that of emerging markets. The courses are designed and delivered by eminent leaders of the Product Industry, who leverage their invaluable experience to create a learning environment, like no other.