Created by @sbalnojan for www.thdpth.com.
What is a data-heavy product?
A product that delivers value to the user mainly through data.
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💡 I’d love to call it “data product,” but the data mesh ruined that for all of us.
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The three kinds of data-heavy products:
- Infrastructure, products that help others build things with data
- Examples: dagster, SQLMesh, dbt, Meltano
- End-user products built by software engineers.
- Examples: Netflix’s recommendation engine, Amazon's “What others liked”, the Twitter API, the GitHub API, GitHub trending repositories
- End-user products built by data engineers, data scientists, or machine learning engineers.
- Examples: Recommendation systems, Machine Learning solutions, dashboards, “data products” in the Data Mesh sense of the word
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👉 Of course, there’s no real difference between 2 & 3, but we all like to believe there is. For the end-user, there isn’t; For product management, there shouldn’t. The point of listing them here explicitly is to remind you of that.
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đź’ˇ The difference between 1 and, 2 & 3 is material. While 2 & 3 turn data straight into value, you usually consider the value of (1) in the context of building 2 & 3.
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Let’s get into the checklist!
FYI:
- We’re using customers & users exchangeably.
- You do NOT need all checks, but the more, the better, and all “yes” is possible.
- 26/26 is a perfect score. It’s all yes/no. Aim for more than 13 points.
Click on expand on the bullets below to get the details!
1) Data Questions (X of 9?)
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💡 The data questions help you understand the future value of the product you’re building.
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đź’ˇ The idea is simple: The future of data is forecasted to be dominated by all of the topics discussed below.
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- If the amount of data available externally is growing fast, does your product become more valuable to an individual customer?
- If the number of externally available data sources grows fast, does your product become more valuable to an individual customer?
- If companies value recency tomorrow more than today and expect most data to be “recent,” is your product becoming more valuable?
- How about your products' value if the amount of data sources an individual company taps internally grows?
- If the amount of data targets an individual company pushed data into internally grows, how about your products' value?
- If companies (or end-users!) value dealing with unstructured data more, is your product becoming more valuable?
- If the amount of unstructured data grows fast, does your product become more valuable to an individual customer?
- If customers use more data on their phones, gadgets, and IoT devices tomorrow than today, what about the value of your product?
- How about the sheer amount of data? If my data amount grows, do I automatically get more out of your product?
2) Decision Cycle Questions (X of 8?)
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đź’ˇ The decision cycle questions help you understand the value of your product today!
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đź’ˇ The idea is simple: the more you support, the less you have to integrate; thus, you provide more of a whole experience.
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- Does your product help to collect data?
- Does your product help to move data around?
- Does your product help to transform multiple data pieces into "information"?
- Does your product help to derive a decision from information?
- Does your product help to take action based on a decision?
- Does your product support the tools & people collecting data?
- Does your product support the tools & people moving & transforming data?
- Does your product support the tools & people using data?
- Example
- Resources
3) Mkt & Positioning Questions (X of 4?)
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💡 The mkt & positioning questions help you understand whether you already have a clear product. Strong products can sell without good packaging, but average ones can’t sell without. And all sell better with it.
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- Is your product messaging clear & authentic?
- Is your messaging simple?
- Is your messaging tested?
- Are you going to be the biggest fish in a small pond quickly?
- Resources
4) Big Picture Questions (X of 5?)
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đź’ˇ Big Picture questions help you determine whether you have a product fit for the data market.
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- Is your product solving a problem or working on a system?
- Are you building a community around your product?
- Are you focusing on unlearning more than you’re learning?
- Are you focusing on pie making over pie taking?
- Is your product integrated into a large vision for the whole data space?
- Resources