How to use benchmark data to understand your users

In an effort to assist product owners in understanding their product performance relative to competitors, the text outlines the use of Product Benchmarks Reports, which focus on various sectors, including Media & Entertainment and Financial Services, with upcoming reports on Retail & E-commerce and SaaS. These reports aim to help users analyze key metrics—usage, retention, engagement, and conversion—to gain insights into user behavior and product performance. The text emphasizes the importance of pairing metrics, such as usage with retention and engagement with conversion, to ensure holistic growth and understanding of product dynamics. Additionally, it highlights the necessity for companies to compare their performance against industry benchmarks to identify areas for improvement. The reports are categorized by industry and platform to provide a detailed comparison, but the text advises that industry data should complement, not replace, a company’s own user analytics for a complete view. Ultimately, the combination of industry benchmarks and user behavior analytics enables a comprehensive understanding of both general trends and specific product performance.