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[Webinar] Collaboration and Monetization of Data Products: The Role of the Data Marketplace
Watch the replayA self-service data platform (SDP) enables the independent discovery, access, and analysis of data sets, without requiring support from central data teams or high levels of technical skills. Within the data mesh concept it also provides the ability to easily create and manage data products without requiring additional tools – these products can then be shared through the platform.
Built and maintained by the central IT or data team, a self-service data platform increases the value generated by data through self-service business intelligence, particularly by scaling its usage and by providing all the tools to quickly create and publish new data products.
The SDP delivers three key functions to organizations:
A self-service data platform benefits the organization in multiple ways:
An effective self-service data platform should offer these seven capabilities:
It should be easy for non-technical users to confidently locate and access relevant data through powerful intuitive data discovery and search. The interface and experience should be as simple as an e-commerce marketplace, building trust and increasing usage.
The SDP has to be comprehensive, which means it must connect to all data sources within the organization. To make this process seamless and straightforward, the platform should offer pre-built connectors to all major business applications, cloud storage, data lakes/data warehouses and other sources. This avoids the need to write complex scripts to extract data from their sources, reducing technical workloads.
Given the potential number of data assets and data products within the SDP, their management has to be made as simple as possible. For example, the platform should include intuitive tools to extract, enrich, and clean raw data, ensuring it meets corporate quality guidelines.
To ensure data is usable and understandable, the platform has to make it simple for data to be visualized through formats such as reports, maps, dashboards and other graphics. These capabilities have to be accessible by end-users, enabling them to create their own bespoke visualizations, and for data teams to build visualizations.
The platform should enable data teams to monitor overall usage of the platform and track how and when data products and data sets are being used through data lineage features.
The platform should include all the tooling and support to enable data products to be created and shared as part of a data mesh approach.
A self-service data platform must also provide methods for restricting data access to authorized individuals at a granular level, protecting information and ensuring regulatory compliance. It should integrate closely with corporate data governance frameworks to enforce standards around the management and use of data.
How can you maximize the value of data and use it to achieve organizational objectives? That’s the ambitious goal of many data leaders as they plan for 2025. In an increasingly digitalized world, where data volumes are exploding, to generate value data leaders need to enable everyone in the business to easily access the right information in a seamless way. Data marketplaces are essential to this, delivering capabilities that move beyond traditional data catalogs, as this article explains.
Growing data volumes, increasing complexity and pressure on budgets - just some of the trends that CDOs need to understand and act on. Based on Gartner research, we analyze CDO challenges and trends and explain how they can deliver greater business value from their initiatives.
To give customers choice when it comes to AI, the Opendatasoft data portal solution now includes Mistral AI's generative AI, alongside its existing deployment of OpenAI's model. As we explain in this blog, this multi-model approach delivers significant advantages for clients, their users, our R&D teams and future innovation.