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To Succeed, Align Product and Pricing Strategy
Managing licenses and usage metrics presents challenges, particularly when launching a usage-based pricing model. Companies must ensure they possess metrics that can be monitored and enforced effectively. Transitioning to a usage-based model requires an organization to adopt a product-led approach, where the product's usability and customer experience are prioritized to increase consumption. An alignment between product development and pricing strategy is crucial; neglecting this could result in missed revenue opportunities.