In today’s data-driven world, monetizing data is all about building effective data products.
This raises several key questions:
What data products should we build? (Need vs Want)
How do we build these data products? (Product Mindset)
How do we operationalize these data products? (Usage and Value)
The most important question, though, is where do we start?
At Blumetra Solutions, we’ve developed a “Data Product Input Form”—think of it as a contract between the builders and users of the data product.
Here’s how we help you get started:
🔹 Conduct a workshop to capture all aspects of the data product:
Who will use it?
What business questions does it need to answer?
What business outcomes does it aim to achieve?
What operational and functional metrics will it impact, and by how much?
Who needs to be notified when exceptions occur?
🔹 Integrate these insights into your value pyramid and track them continuously to measure the success of the data product.
💡 Want to see how this works in action? Here’s a sample we created for one of our customers.
