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Product Management Improvement Question: Enhancing FreeWheel's MRM360 for actionable revenue management insights
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Nextsprints

Updated Jan 22, 2025

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How might FreeWheel enhance its MRM360 solution to provide more actionable insights for revenue management?

Product Improvement Hard Member-only
Product Strategy Data Analysis Feature Prioritization Advertising Technology Media Broadcasting
Product Enhancement Data Analytics AdTech Revenue Management FreeWheel

Introduction

To enhance FreeWheel's MRM360 solution for more actionable revenue management insights, we need to dive deep into user needs, pain points, and potential improvements. I'll analyze the current state, identify key user segments, explore pain points, generate solutions, and propose a roadmap for implementation. Let's begin by clarifying some crucial aspects of the product and its ecosystem.

Step 1

Clarifying Questions (5 mins)

  • Looking at the product context, I'm thinking MRM360 might be targeting multiple stakeholders in the media and advertising ecosystem. Could you help me understand who the primary users are and their key use cases?

Why it matters: Determines the focus of our improvement efforts Expected answer: Ad operations teams and revenue managers at media companies Impact on approach: Would tailor solutions to specific workflow needs of these users

  • Considering user behavior, I'm curious about how frequently users interact with MRM360 and what key features they rely on most. Can you share any insights on usage patterns or feature adoption rates?

Why it matters: Helps identify areas of high impact for improvements Expected answer: Daily use, with heavy reliance on inventory forecasting and yield optimization Impact on approach: Would prioritize enhancements to these core features

  • Examining the product lifecycle, I'm wondering where MRM360 stands in terms of market maturity and customer adoption. Could you provide some context on the current stage and any specific growth targets?

Why it matters: Influences whether we focus on acquisition or retention strategies Expected answer: Established product with a solid user base, aiming for increased market share Impact on approach: Would balance new feature development with optimizing existing capabilities

  • Considering company alignment, I'm interested in understanding how MRM360 fits into FreeWheel's broader product strategy. Are there any specific company-wide initiatives or data-driven goals that this improvement should support?

Why it matters: Ensures our solutions align with overall company direction Expected answer: Focus on AI/ML integration and cross-platform data unification Impact on approach: Would prioritize solutions that leverage advanced analytics and data integration

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