Randy Bradley reads MIT CISR's May 2023 research briefing, which he co-authored with Barb Wixom and Cynthia Beath. See the text version and related content at https://cisr.mit.edu/publication/2023_0501_InternalDataSharing_BradleyWixomBeath.

Organizations with advanced internal data sharing—the ability to easily exchange data assets enterprise-wide—benefit from greater data monetization returns and a lower cost to serve data assets to the organization’s data consumers. This briefing describes three requirements that enable internal data sharing: (1) creating broadly relevant liquid data assets, (2) becoming proficient in both data monetization and cost-to-serve measurement, and (3) developing a highly engaged data democracy. The requirements are illustrated using examples from Amcor, FEMSA, Fidelity Investments, and Scentre Group.

It’s Time to Invest in Internal Data Sharing

Most definitions of a data product conflate it with a data asset. The only way to turn a data asset into a data product is to publish it in a data store along with metadata about subscription and delivery options, and terms of service that specify a bidirectional contract between data consumer and producer.
Published at: https://www.eckerson.com/articles/let-s-be-clear-a-data-asset-is-not-a-data-product

Let’s Be Clear: A Data Asset Is Not A Data Product - Audio Blog

Stephanie Woerner reads MIT CISR's October 2020 research briefing, which was authored by Barb Wixom, Ina Sebastian, and Robert Gregory. See the text version and related content at https://cisr.mit.edu/publication/2020_1001_DataSharing_WixomSebastianGregory.

Abstract: MIT CISR research has found that interorganizational data sharing is a top concern of companies; leaders often find data sharing costly, slow, and risky. Interorganizational data sharing, however, is requisite for new value creation in the digital economy. Digital opportunities require data sharing 2.0: cross-company sharing of complementary data assets and capabilities, which fills data gaps and allows companies, often collaboratively, to develop innovative solutions. This briefing introduces three sets of practices—curated content, designated channels, and repeatable controls—that help companies accelerate data sharing 2.0.

Data Sharing 2.0: New Data Sharing, New Value Creation

This article compares data catalogs and data marketplaces and argues that you need both and will soon have both as vendors add data marketplace extensions.
Published at:
https://www.eckerson.com/articles/why-do-i-need-a-data-marketplace-when-i-have-a-data-catalog

Why Do I Need a Data Marketplace When I Have a Data Catalog? - Audio Blog

This blog post explores the evolving landscape of data catalogs, highlighting ten key market trends driving the adoption of next-generation solutions.
Published:
https://www.eckerson.com/articles/ten-key-market-trends-in-next-generation-data-catalogs

Ten Key Market Trends in Next-Generation Data Catalogs - Audio blog

This article by Piotr Czarnas, founder of DQOps, outlines a proven, team-based approach to tackling persistent issues like invalid data, delayed reporting, and inconsistent formats.
Published at:
https://www.eckerson.com/articles/overcoming-the-challenge-of-low-data-quality

Overcoming The Challenge of Low Data Quality - Audio Blog

Anthony Cosgrove, Co-founder at Harbr, tells us how successful data products focus on clear value propositions, tailored placement, intuitive packaging, and appropriate permissions.
Published at:
https://www.eckerson.com/articles/what-is-a-data-product

What is a Data Product? - Audio Blog

Listen to data and analytics leaders share the secrets of their success. Wayne Eckerson, long-time global thought leader interviews guests who run data and analytics programs at Fortune 2000 organizations around the world. Tune in to stay abreast of the latest technologies, techniques, and trends in our fast-paced industry.

A research center at the MIT Sloan School of Management, MIT CISR helps executives meet the challenge of leading dynamic, global, and information-intensive organizations.

New tracks tagged #DataAssets