Data-as-a-Product: The Next Big Wave in 2024 to 2025
“Treat data as a product, not a byproduct. The future belongs to data-driven businesses.”
Traditional data pipelines focus on simply moving data. But Data-as-a-Product shifts the focus to quality, usability, and accessibility, enabling businesses to unlock value 20% faster.
The momentum is clear: the Data-as-a-Product market is projected to grow from $20 billion in 2023 to $65 billion by 2027.
As McKinsey’s 2024 report highlights: “Data isn’t just an asset—it’s a product that can transform your bottom line.” Real-world leaders are already seeing the impact:
“We turned data into products and created a 10% growth in revenue streams within a year.” – CDO, Global Logistics Firm
At Renee.ai, we’ve seen first-hand how productizing data unlocks untapped potential for our clients. By treating data as a reliable, scalable, and usable asset, we’ve helped organizations drive meaningful business decisions and customer value.
Key principles for success: ? Build data products that solve specific business challenges. ? Leverage scalable architectures like Data Mesh to democratize access. ? Ensure data is usable for both internal and external stakeholders.
The future belongs to businesses that treat data not as a byproduct, but as a product. Are you ready to ride the wave?
#DataAsAProduct #DataStrategy #DigitalTransformation #ReneeAI #DataDrivenBusiness