Crafting data product for organizational impact

The digital realm's new currency is data, yet its value is often as enigmatic as it is critical. Sanjeev Mohan, Principal of SanjMo and former Gartner analyst, decodes the complexities of data valuation, advocating for a product-oriented view that frames data's utility and impact within an organization. The prerequisites for defining a 'data product'—from maintaining stringent quality and availability standards via Service Level Agreements to managing its lifecycle for enduring relevance— bring into focus the role of the data product manager. This role is vital to ensuring continuous enhancement and overseeing the retirement of data products; a job that guarantees these products remain a driving force for organizational value.In the pursuit of measurable benefits, treating data with the rigor of product management emerges as a beacon for Chief Data Officers, offering concrete metrics through the creation and utilization rates of data products, and providing a clear gauge for the pace and quality of innovation in data work.Three reasons you should listen to this episode:1. Data Product Insights. Grasp the value of data work as Sanjeev Mohan breaks down the essence of data products and their role in shaping business strategies.2. Data Observability. Learn about the critical nature of data observability and quality, and why these factors are non-negotiable in the pursuit of high-caliber data standards.3. Industry Foresight. Gain perspective on the current and future trends of data analytics as seen through the lens of an industry veteran.ResourcesConnect with Sanjeev on LinkedInAnd for a deeper understanding of data products, check out Sanjeev’s book, "Data Products for Dummies".Enjoyed this Episode?Be sure to follow us so you never miss an update. You can leave us a review on Apple or Spotify, and share it with your friends and colleagues to help others learn more about the importance of a data-first digital transformation approach.Have questions? You can connect with us on LinkedIn. For more updates, please visit our website.