A data product is a packaged and processed dataset or data-driven application that provides valuable insights, analytics, or functionality to users, often designed for specific business needs or use cases.
Commercial data providers productize their data by refining raw data into easily consumable formats, such as reports, dashboards, or APIs, and adding value through analytics, visualizations, or predictive models. This makes the data more actionable and appealing to customers, who can integrate it seamlessly into their business operations.
By transforming raw data into a well-defined product, data providers can better meet market demands, differentiate their offerings, and create new revenue streams by selling or licensing their data products to various industries.
Monda makes it easy to create data products, publish a data storefront, integrate with data marketplaces, and manage data demand - data monetization made simple.
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