Blog

Cities and municipalities create huge volumes of data - but ensuring it is used effectively by every department to engage stakeholders and build trust can be difficult. Using real-world examples from a new ebook published by our partner Peclet, we explain how municipalities can truly turn data into value.

Creating a data catalog is the first step in your data strategy, enabling you to identify, structure, and take stock of your data assets. This process can be long, technical, and because of the growth of data, potentially ambitious in scope. However, once data is cataloged the question remains: how do you ensure that it is actually consumed at scale?

Where should CDOs and data leaders focus their strategies and investments when it comes to technology? To help, we highlight key trends from the new Gartner Hype Cycle for Data Management, focusing on the benefits of data marketplaces and data products.

Turning data into value requires organizations to have the right team and skills in place - including data custodians and data stewards. We explain the differences in their roles and how they successfully work together.

Your data is there. Stored, catalogued, governed... But is it really being consumed and used? That’s today’s main challenge for data leaders - transforming their data assets so that they deliver tangible value. One approach to understanding and achieving usage is to integrate a measurable conversion funnel into your data marketplace. Inspired by e-commerce best practices, this makes it possible to monitor and optimize every step of the user journey. Applying this proven concept in an innovative way therefore helps measure and drive data consumption.

Enriching your data is a key step in creating relevant insights and analysis that drives value. However, when it comes to using massive reference sources such as national company databases, detailed weather data or geographic/administrative boundary datato enrich your data, technical limitations often become a challenge.

A well-designed data marketplace is about more than just sharing data assets or data products. It integrates a range of workflows that structure and meet specific needs such as access requests, use case sharing, data collection and data enrichment. This invisible framework transforms a source of data into a collaborative space.

The insurance sector faces rising pressure on margins and a need to meet increasing regulatory requirements. With costs and claim volumes growing, insurers need to rethink their data sharing strategies to increase consumption and value to boost efficiency and innovation.

To maximize the value of their data and effectively monetize it internally and externally Chief Data Officers (CDOs) and other data leaders need to build an agile, interoperable data stack. This has to integrate data, wherever it is stored and create seamless end-to-end flows that make it available as easily-consumable, business-focused data products to internal and external users, shared through our data product marketplace solution.

Data sharing through data marketplaces is essential to deliver the collaboration and management required to build decarbonized energy ecosystems. But the benefits extend much further - we explore the financial ROI effective data sharing delivers.

Data contracts are key to building trust in data in distributed environments, and are at the heart of data products. We look at how to build and enforce data contracts through a data product marketplace to unlock greater value from data.

It can be hard to understand exactly what a data product is, given the many ways that the term is defined and applied. To provide clarity this article provides a business-focused definition of a data product, centered on how it makes data accessible and usable by the wider organization, while creating long-term business value.