Solution
Data as Product
What Is a Data Product?
You might have the same question in mind as me: What exactly is a data product? As defined by DJ Patil, the U.S. Chief Data Scientist, a data product is "a product that facilitates an end goal through the use of data."
A data product can sometimes be the synonym of data application; for the general consumer, as we all experience in our daily life, it can be either a digital banking statement or a Covid-19 cases tracker.
Four Types of Data Product
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Public Data API: data product will be the Public API that the company exposed to internal or external data engineers/ developers who can consume or develop to another layer of a data product.
- Viz/Dashboard: data engineers and analysts prepare the data pipeline and data model for business users to perform self-service analysis. And power analysts will design the canned dashboard for business owners.
- Low-Code/No-Code Applications: citizen developers use low-code/no-code applications to build their internal business applications.
- Web / Mobile Front-End UI: data products that are part of the external applications/ SaaS services that the company provides to their end customers.
The Benefits of Data Products
The Benefits of Data Products
The Data Economy
Maintaining data assets is a cost, but turning them into products generates business value (and revenue).
Agile and Flexible Business
Product can scale with business expansion but not the data, as data itself cannot be scalable without a companion architecture.
Democratize Your Data
Everyone can interact with a product, but not necessarily a dataset!
Customers
Kyligence helps financial services, retail, and SaaS enterprises build data products. Here are two examples:
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A leading Financial Services company builds its Mastermind Analytics product in a few weeks.
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Strikingly provides their 100,000 website builders built-in Analytics service with ease.
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