How Data Observability Helps Companies to Monetize in Data Marketplace

Data marketplaces are emerging platforms that enable companies to sell their internally-generated datasets to other businesses, offering a great opportunity for any organization to maximize the value of its fastest-growing asset. Leading cloud infrastructure and database providers have created data marketplaces such as AWS Data Exchange, Snowflake Data Marketplace, Oracle Data Marketplace, SAP Data Warehouse Cloud Data Marketplace, Nokia Data Marketplace, Informatica Cloud Data Marketplace, and Databricks Delta Sharing. These platforms differ from their predecessors in terms of the buyers, sellers, technology, and economic opportunity they offer. While data marketplaces make it incredibly easy to get started selling data, companies need to follow best practices to ensure success. A multi-dimensional data observability platform can help data sellers overcome common issues such as poor data discoverability, untrusted data, managing schema changes, and building knowledge graphs of data producers, curators, and consumers.