Maximizing the Impact of Data Products Through Analytics and Visualization
The use of data products is becoming increasingly important for businesses, with McKinsey Global Institute predicting that data-driven firms will account for 70% of global GDP by 2030. High-value data products require powerful analytics and engaging visualization to transform raw data into actionable insights. Key challenges in building data products include overcoming data silos, ensuring scalability, and maintaining data accuracy and quality. Advanced analytics and visualization can improve decision-making, enhance data storytelling, identify hidden patterns, increase operational efficiency, and enable better customer personalization. To develop high-value data products, businesses should establish clear business objectives, invest in scalable infrastructure, seamlessly integrate data sources, and utilize data visualization effectively. Acceldata's comprehensive data observability platform can help companies maximize their data product value by combining data, ensuring quality, and enabling powerful analytics and visualization.
Company
Acceldata
Date published
Oct. 7, 2024
Author(s)
-
Word count
1267
Language
English
Hacker News points
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