Meta operates Instagram at global consumer scale, with a mature ads business and a portfolio of creator and social products competing for user attention. Instagram Live is one of several creation and real-time interaction surfaces alongside Feed, Stories, Reels, DMs, and Broadcast Channels.
The Instagram team wants a stronger measurement framework for Instagram Live. Leadership believes Live can deepen creator-follower relationships and increase real-time engagement, but usage is uneven: a small share of creators go live regularly, many viewers join briefly and drop, and Live competes with lower-effort formats like Stories and Reels. The current dashboard over-indexes on simple view counts, making it hard to tell whether Live is actually delivering durable user value.
You are the product-minded data analyst assigned to define the metric system for Instagram Live. Your goal is not just to list KPIs, but to identify what success means for different users, how to measure it, and which trade-offs matter if metrics move in opposite directions.