A successful data product lies at the intersection of the three circles in the following Venn diagram: Your customer’s pain point, an urgent problem they want to solve; your unique capabilities; and the data you have¹.
Data products are built on top of data management systems such as warehouses or lakes. Spotting opportunities for new value through different types of data products. Data products come in different forms and shapes.
Here are some steps you can follow to build data products:
1. Identify the customer need.
2. Determine how your unique capabilities will solve for that need.
3. Identify the data you have that can be used to solve for that need.
4. Build a prototype of your data product.
5. Test your prototype with customers.
6. Iterate on your prototype based on customer feedback
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