Behavioral Data Platforms (BDPs) for product analytics - a guide for product managers

As the landscape of analytics tools expands, businesses face challenges in selecting the right products to meet their goals, particularly as tools increasingly overlap in functionality. Product Managers often grapple with environments lacking sufficient data for self-service or those overflowing with complex, unstructured data, necessitating reliance on specialized analytics teams. Behavioral Data Platforms (BDPs) like Snowplow offer a solution by collecting, enriching, and structuring rich behavioral data, facilitating scalable and modular analytics. Snowplow's capabilities, such as advanced event tracking and data enrichment, enable deeper insights into customer behavior, as illustrated by a subscription-based company's ability to analyze lifetime value and purchase patterns beyond snapshot experiment results. Despite the initial investment and strategic implementation required, BDPs can significantly enhance the quality and accessibility of data insights, making them a valuable asset for product analytics.