Data products are reusable data resources that collect and enrich data in order to answer specific questions about a use case and also provide structured access through APIs or visualization tools. As organizations strive to extract more value from their data, the need for well-defined data products that deliver actionable insights becomes increasingly critical. EK’s Data Product Accelerator is designed to help Data Product Owners and Chief Information/Data Officers rapidly develop and deploy tailored data products that meet specific business needs. By focusing on the creation of Minimum Viable Products (MVPs), we ensure that your organization can quickly leverage data to improve decision-making, enhance operational efficiency, and support long-term business objectives. For many organizations, the challenge is not just in collecting data, but in turning that data into actionable, reliable products that drive decision-making and innovation. The Data Product Accelerator addresses this challenge by providing a structured, scalable framework for data product development, enabling your teams to deliver high-impact data products that support your organization’s strategic goals.

Our 12-week Data Product Accelerator begins with use case discovery workshops to define the business problems and opportunities that your data products will address. Working closely with your Data Product Owners and Stewards, we focus on defining high-priority use cases that will deliver immediate value, such as executive reporting or just-in-time analytics. These workshops will align stakeholders on the expected outcomes of the data products, ensuring a unified vision across the organization.

During the first month, EK leads collaborative roadmap and design sessions to outline the strategy for data product development. These sessions are designed to help your organization understand the requirements and considerations of data product creation, from data integration and enrichment to analytics and reporting. By leveraging best practices and industry standards, we guide your team through the process of designing products that are fit-for-purpose and aligned with your business priorities.

Over the next two months, we work with embedded development teams to implement and integrate data products into your existing infrastructure. This phase includes the development of metadata models, calculation rules, and contextual data integrations that ensure data products are scalable and reusable across the organization. Our team collaborates closely with your internal teams to deliver 2-3 data products that meet immediate business needs, driving adoption and showcasing the value of data-driven decision-making.

By the end of the Data Product Accelerator engagement, your organization will have:

• Defined, Prioritized Data Product Use Cases Aligned to Business Needs: Clear, tailored use cases for initial data product implementation, ensuring alignment with your organization’s most pressing business needs and setting the stage for future expansion.
• Implemented Prototypes for Immediate Use and Value Demonstration: Implementation and integration of 2-3 data products for prioritized use cases, demonstrating how data products can be leveraged to solve specific business problems and support operational goals.
• Clarity and Repeatability: Creation of structured metadata models, calculation rules, and contextual integrations that ensure the scalability and repeatability of your data products, with clear documentation to guide ongoing management.
• Custom Guidance to Scale and Drive Adoption: Customized training and knowledge transfer sessions to ensure that your internal teams can maintain, scale, and expand the data product development process, with a focus on long-term sustainability.

These deliverables ensure that your organization is equipped with the frameworks, tools, and knowledge required to build and maintain a scalable, value-driven data product pipeline.