1 00:00:02,280 --> 00:00:02,880 Hi guys. 2 00:00:02,880 --> 00:00:03,840 Welcome to this session. 3 00:00:03,840 --> 00:00:09,760 So in this session we wanted to see the AI tool which we can use in analytics for our business. 4 00:00:09,760 --> 00:00:11,920 So this is going to be called amplitude. 5 00:00:12,080 --> 00:00:16,600 So amplitude is another platform for analytics specifically which can give you all the data. 6 00:00:16,600 --> 00:00:21,520 So once we are as we are discussing in the previous video, that a lot of digital marketing strategies, 7 00:00:21,520 --> 00:00:26,320 which we are building out, we are reaching out to our customers, users, it is extremely important 8 00:00:26,320 --> 00:00:28,120 for us to analyze that data. 9 00:00:28,160 --> 00:00:33,240 Okay, understand what people are doing on our website, how they are interacting with our website, 10 00:00:33,440 --> 00:00:38,680 how much time do they spend on our website and the users behavior on our website to analyze that is 11 00:00:38,680 --> 00:00:44,480 extremely important because that is what is going to tell us what is connecting or resonating with our 12 00:00:44,480 --> 00:00:48,640 users and what is not, and based on which we can take necessary steps. 13 00:00:48,800 --> 00:00:55,320 So for do so, you need to analyze the users behavior or data on your website for which you can use 14 00:00:55,360 --> 00:00:56,040 amplitude. 15 00:00:56,200 --> 00:00:57,040 Exactly. 16 00:00:57,080 --> 00:01:00,760 The tool AI powered tool which you can use for the same purpose. 17 00:01:01,080 --> 00:01:03,360 So you can go to their website, which is this okay. 18 00:01:03,400 --> 00:01:08,860 Where you can see these are all the features of this particular tool which is product analysis analytics, 19 00:01:08,860 --> 00:01:09,700 web analytics. 20 00:01:09,700 --> 00:01:10,060 Session. 21 00:01:10,060 --> 00:01:10,620 Replay. 22 00:01:10,780 --> 00:01:15,820 Multiple things which you can do out here with this particular tool as such. 23 00:01:15,940 --> 00:01:16,140 Okay. 24 00:01:16,180 --> 00:01:19,660 And they have various solutions as well industry specific as well. 25 00:01:19,860 --> 00:01:25,020 Use cases which you see out here one platform countless insights okay. 26 00:01:25,060 --> 00:01:30,460 So you will get a lot of analytics information out here with respect to your business as you can see. 27 00:01:30,580 --> 00:01:32,460 Sessions of users who dropped off. 28 00:01:32,860 --> 00:01:33,060 Okay. 29 00:01:33,100 --> 00:01:35,220 So we get to see that okay. 30 00:01:35,260 --> 00:01:37,900 Conversion from home to purchase completed. 31 00:01:37,940 --> 00:01:38,700 How much is that. 32 00:01:38,700 --> 00:01:41,260 So we get to see all this information as well. 33 00:01:41,500 --> 00:01:41,980 Okay. 34 00:01:42,020 --> 00:01:47,780 Apart from that you can also see do you can do experiments create build some experiments and do some 35 00:01:47,780 --> 00:01:49,260 level of a B testing. 36 00:01:49,500 --> 00:01:52,740 All of that can be possible out here okay. 37 00:01:52,780 --> 00:01:55,940 So this is going to be a really good tool which you can use. 38 00:01:55,940 --> 00:01:59,020 This is one introductory video okay. 39 00:01:59,060 --> 00:02:01,900 Of uh aha moments basically okay. 40 00:02:01,940 --> 00:02:05,740 Of the business who are using amplitude specifically. 41 00:02:05,740 --> 00:02:11,500 We can watch this to understand how it has helped, uh, success stories of different businesses who 42 00:02:11,500 --> 00:02:13,440 are applying this in their business. 43 00:02:13,440 --> 00:02:14,960 So let's have a look at this place. 44 00:02:16,600 --> 00:02:19,440 Vice president of data and analytics at Fender. 45 00:02:19,600 --> 00:02:25,520 People are super passionate about this brand, so it's important for people like me to move it forward 46 00:02:25,520 --> 00:02:26,880 into the next generation. 47 00:02:27,920 --> 00:02:34,800 The mission of Fender Play is to teach the next generation of people how to learn and then reach their 48 00:02:34,800 --> 00:02:35,280 goals. 49 00:02:35,280 --> 00:02:41,600 And then previously, we were trying to figure out how to get people to achieve their dreams, how to 50 00:02:41,600 --> 00:02:47,320 get people to the next stage, how to get people to the next, the next lesson, the next skill set. 51 00:02:47,560 --> 00:02:53,800 One of the things that we found out is that 90% of people that start their guitar learning journey with 52 00:02:54,280 --> 00:03:00,840 the aha moment for me was when we looked at the data and we found that there was a separation between 53 00:03:00,840 --> 00:03:03,800 people that got to their first home and people that didn't. 54 00:03:04,120 --> 00:03:07,600 Those that got to their first song, they converted much better. 55 00:03:07,640 --> 00:03:09,080 They had a much higher lift. 56 00:03:09,120 --> 00:03:10,320 So we really started. 57 00:03:11,000 --> 00:03:14,400 The first thing we wanted to try was move the first song earlier. 58 00:03:14,800 --> 00:03:15,480 Didn't that happen? 59 00:03:15,960 --> 00:03:16,640 And it didn't. 60 00:03:16,680 --> 00:03:22,690 Then we're like, okay, what if we made more and made them select what they wanted to do that even 61 00:03:22,690 --> 00:03:23,610 had a higher lift. 62 00:03:23,850 --> 00:03:27,530 Then we used F2 to track all those changes all the way across. 63 00:03:27,690 --> 00:03:33,490 So it sparked the idea and opened us up to the idea, and then it helped us iterate on that idea and 64 00:03:33,490 --> 00:03:37,610 changed it into a whole other different thing that has become what it is today. 65 00:03:38,090 --> 00:03:44,130 And when we did that, we saw an increase in conversions and an increase in people that made it to the 66 00:03:44,130 --> 00:03:47,410 next day by 4% and then 8%. 67 00:03:47,610 --> 00:03:51,370 Amplitude has helped us answer more questions and faster. 68 00:03:51,730 --> 00:03:57,570 It puts more chances to find insights in the hands of product leaders and workers. 69 00:04:05,130 --> 00:04:06,130 I hope this makes sense. 70 00:04:06,130 --> 00:04:09,810 Able to understand the product now, how we can use this specifically. 71 00:04:10,170 --> 00:04:16,130 Okay, for analyzing a lot of data, which you get on your website and how people interact with your 72 00:04:16,130 --> 00:04:16,650 website. 73 00:04:16,890 --> 00:04:21,490 Thank you so much, guys for listening in to this, and I will see you in the next video.