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TDWI Checklist Report | Data Monetization: 7 Steps to Building Consumable Data Solutions

February 1, 2018

Data products are not a new idea; data aggregators have been producing purchasable data sets for decades. However, as organizations have become motivated to be “data driven,” the concept of a “data product” has rapidly morphed into different shapes, including packaged data sets, lightweight API-based services, directly connected end-user visualizations, and full-blown access to hosted reporting and analytics dashboards.

However, these solutions must go beyond the conventional data extract. They must be able to ingest and process high-speed data streams, fuse data from a variety of internal and third-party sources, scale with the volume and velocity of incoming data, and provide multiple delivery methods (such as portals, dashboards, or direct access) to different consumers.

Assembling a plan for streamlining the delivery of data solutions can be a profitable endeavor that is increasingly simplified when partnering with cloud-based business intelligence/analytics providers.

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