{"id":30051,"date":"2023-01-13T20:40:57","date_gmt":"2023-01-13T20:40:57","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/13\/data-as-a-product-using-data-products-to-successfully-drive-business-outcomes\/"},"modified":"2023-01-13T20:40:57","modified_gmt":"2023-01-13T20:40:57","slug":"data-as-a-product-using-data-products-to-successfully-drive-business-outcomes","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/13\/data-as-a-product-using-data-products-to-successfully-drive-business-outcomes\/","title":{"rendered":"Data as a product: using data products to successfully drive business outcomes"},"content":{"rendered":"

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With a data mesh, enterprises can revolutionize the way they approach data-based architecture and management.<\/p>\n

As data grows in value and brings new ways to generate revenue and insights, businesses are adopting a myriad of data products and solutions to manage the massive amount of data produced.<\/p>\n

\u201cIncreasingly in today\u2019s world, people are realizing the data will always be decentralized to some degree,\u201d said Justin Borgman<\/a> (pictured, left), chairman and chief executive officer of Starburst Data Inc. \u201cThat notion of bringing everything together into one single database has never been successfully\u00a0achieved and is probably even further from the truth now,\u00a0given you\u2019ve got data on-prem and multiple clouds and multiple different systems. Data products\u00a0and data mesh represent a framework for you to think about data that lives\u00a0everywhere.\u201d<\/p>\n

Borgman and\u00a0Ashwin Patil<\/a> (pictured, right), partner and principal at Deloitte Touche Tohmatsu Ltd., spoke with theCUBE industry analysts\u00a0Lisa Martin<\/a> and Dave Vellante<\/a> at the recent\u00a0AWS re:Invent<\/a>\u00a0conference, during an exclusive broadcast on theCUBE, SiliconANGLE Media\u2019s livestreaming studio. They discussed the evolution of data usage, using data products as a bridge, how data can drive revenue and more. (* Disclosure below.)<\/em><\/p>\n

The evolving use of data<\/h3>\n

Data products aim to give users a single point of access to manage and access all data available about their business with minimal hassle. Starburst allows users to create a view of data that can span multiple data sources, decoupling where the data lives.<\/p>\n

\u201cWe\u2019ve gone from having data in too many places to now having data products bring all<\/span>\u00a0of that together and drive business decisions faster with<\/span>\u00a0more data and more accuracy,\u201d Patil said. \u201cExternally, a lot of that has got to do with how the ecosystems<\/span>\u00a0are evolving for data products that use not only company data,<\/span>\u00a0but also the ecosystem data that includes customers, that include suppliers and vendors.<\/span> \u201d<\/p>\n

Starburst\u2019s goal is to make data easily consumable for the average business, without needing a data lake, a data warehouse or an operational database. Starting a digital transformation journey can be overwhelming, especially when absorbing all the elements of data mesh at once.<\/p>\n

\u201cAs things evolve into industry clouds or ecosystem data,\u00a0companies start going beyond their four walls in terms of the data that they manage or the data that they use to\u00a0make decisions,\u201d Patil said. \u201cI think data products are going to play more and more an important part in that construct where you don\u2019t govern all the data that our entities within that ecosystem will\u00a0govern parts of their data, but that data lives together in the form of data products that are governed somewhat\u00a0centrally.\u201d<\/p>\n

Here\u2019s the complete video interview, part of SiliconANGLE\u2019s and theCUBE\u2019s coverage of AWS re:Invent<\/a>:<\/p>\n