Data product managers are imperative to maintaining a successful team.
of data scientists found that the majority saw 20% or fewer of their models go into production deployment.— an attempt to create reusable datasets that can be analyzed in different ways by different users over time to solve a particular business problem. While some incorporate AI and analytics, others don’t, and so some organizations use two terms: data products and analytics products .
This idea isn’t necessarily new. Data products involving analytics have been in use for at least a decade at digital-native firms. But as legacy companies start to adopt them, many are struggling with implementing the idea — both internally and for customers. For one, they typically sell tangible products, and may struggle with data products as a result. And while many large companies are naming chief data officers, product management disciplines aren’t generally inherent in CDO roles.
There are already models for what this role can look like. Some of the same skills needed for data products are found in software product management, including coordinating across functions and units, managing diverse teams, exercising influence without formal authority, and understanding customer needs. And since data products also involve software, both software and data product managers need to understand software development.
Data product management responsibilities don’t end with deployment. Data product managers are responsible for ensuring and measuring the ongoing use and value of the data product on a quarterly basis, whether the product has internal or external customers.The only consensus among devotees of data product management is that the product managers need to have both a business orientation and a familiarity with data and analytics, and that they need to be able to lead a diverse team.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Administration implements data protection framework U.S.-EU data sharingLast Friday, U.S. President Joe Biden signed a new Executive Order. Gartner expert Lydia Clougherty Jones states that the EO aims to give higher protection of individual privacy from govt. surveillance. Learn more in VentureBeat. CIO GartnerIT
Read more »
A curated data resource of 214K metagenomes for characterization of the global antimicrobial resistomeThe growing threat of antimicrobial resistance (AMR) calls for new epidemiological surveillance methods and a deeper understanding of how resistance genes are transmitted around the world. This study presents a large-scale remapping of sequencing reads of publicly available metagenomic datasets that can be used to monitor the global prevalence of AMR genes.
Read more »
Celsius Exchange Data Dump Is a Gift to Crypto Sleuths—and ThievesCelsius, a crypto exchange facing bankruptcy, released half a million users' transactions in its court filing—opening a vast breach in user privacy and reiterating the paradoxical nature of crypto's focus on privacy.
Read more »
Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation DataCrypto stocks faltered on Thursday after core CPI rose to its highest level in 4 decades, sending bitcoin plunging to just above $18K. $COIN is down 11%, $MSTR and $MARA are off 7%. Reporting by oknightcrypto
Read more »
Bitcoin back below $19,000 as crypto market falls following U.S. inflation dataCrypto markets were highly volatile following Thursday's hot U.S. inflation data, with further rate hikes now expected.
Read more »