Over the past 20 years or more, data architecture practices have focused almost exclusively on managing data for analytics. Operational data is much more than source data for analytics. We must give attention to operational data architecture or pay the price in data disparity, data friction, and technical debt.
Published at:
https://www.eckerson.com/articles/operational-data-architecture

Operational Data Architecture

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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

This week, David Sharratt, global head of data product commercialization at Standard Chartered, joins Wei-Shen to talk about monetizing data. They discuss what a data product is, the steps necessary to build it, and the common pitfalls firms face in the process.

6:00 – David joins the podcast and talks through his 30-plus years in the capital markets.
7:30 – They address the evolving regulatory landscape and its impact on productizing data.
12:00 – A look at the competing dynamics for what constitutes a data product.
14:30 – How do firms deal with geographical boundaries?
17:30 – David explains why it’s imperative to start with a use case.
21:30 – The next question: Does it make commercial sense?
27:30 – Sometimes, the over-engineered solution is not necessarily the most appropriate.
30:00 – What are the typical pitfalls?
34:00 – Firms should devote time, resources, and funding for horizon scanning.

Episode 272: How do firms create data products?

The hardest part about implementing data products is fostering a product mindset among the people responsible for defining, governing, building, and shipping data products. It’s also important that an organization establish processes to facilitate the work of the product team and review boards.
Published at:
https://www.eckerson.com/articles/data-products-part-ii-data-products-require-product-thinking

Data Products Part II: Data Products Require Product Thinking - Audio Blog

Wei-Shen Wong and Anthony Malakian discuss the hottest financial technology topics in the capital markets every week.

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.

New tracks tagged #DataProduct