Imagine that all the data in your company — from customer lists to sales reports — is not just rows in tables, but a valuable asset. Like money in an account or equipment in a warehouse. Data Asset Management is an approach where this information is treated like a product to maximize its value. How does this work in practice? Through the "Data as a Product" approach.
The idea is simple: to get the most out of your existing data, you need to stop thinking of it as a byproduct of your work or ignoring it altogether. Instead, create ready-to-use “products” from it for your colleagues (analysts, marketers, managers).
What is a “data product”? It is a set of information that:
- Is made for a specific “consumer”
- Is simple and understandable: the data is clean, accurate, and includes an easy-to-follow description of what it is, where it comes from, and how often it is updated
- Is easy to find: all “data products” are collected in a unified catalog (tools like DataHub, Collibra, or Atlan are used for this), where they can be quickly located, like items in an online store
- Has the same lifecycle as regular products: idea generation, product creation, active usage, obsolescence, archiving, and replacement with a new product.
If you don’t yet have experience setting up master systems, we will guide you through the process from start to finish. We will create a plan, outline step-by-step actions, define system responsibility areas, and, if necessary, help technically migrate data from one system to another, filtering out unnecessary and outdated data beforehand.