Reusable Data Products and Patterns Can Unlock New Opportunities

Despite recognizing the power of data, and the likelihood of the emergence of smart workflows and seamless communications between humans and machines in the near future, many organizations are struggling to unlock their full potential. Data products are unique in the sense that they are focused on people, processes, and business rather than technology. And this surge in data is forcing the need for larger and more diverse datasets to be created in the future.

Key Takeaways:

  • A data product model focuses more on saving costs and time through a standardization approach.
  • Data products are significant in delivering new business use cases faster than before, cutting down technology, maintenance, and development costs, and minimizing data governance and risk liabilities.
  • Experts believe that organizations should focus their investments on data strategies that deliver short-term value and lay the footing to create future uses.

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