Episode 272: How do firms create data products?

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.