{"id":2605,"date":"2023-08-29T14:55:57","date_gmt":"2023-08-29T14:55:55","guid":{"rendered":"https:\/\/markets.eckerson.com\/building-data-products-with-data-mesh-and-data-fabric\/overview-5\/"},"modified":"2024-01-08T17:20:21","modified_gmt":"2024-01-08T17:20:21","slug":"overview-5","status":"publish","type":"page","link":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/overview-5\/","title":{"rendered":"Role of a Data Market"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n<div class=\"entry-content\">\n\t<div style=\" z-index: 2\" class=\"simplesub wow zoomIn bgdblue b100w notoppover footunder cwidetext withtitle singleno\">\n\t\t\t\t<h1>Role of a Data Market<\/h1>\n\t\t\n\t\t<div class=\"textblockwrap\">\n\n\t\t\t\t\t\t<div class=\"txt\">\n\t\t\t<p><span style=\"font-weight: 400\">A data market is a platform that facilitates the automated exchange of data assets between data producers and data consumers. It\u2019s an emerging technology that is critical component of a data product strategy and the missing piece in a data mesh strategy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A data market unlocks the true value and potential of data products because it automates frictionless data sharing across organizational boundaries. All large organizations will have a data market in 3-5 years. Mark that!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A data market adds new capabilities to data products. It enables 1) users to search and sample data products 2) predefined access to data products 3) subscriptions to data products 4) producers to define terms of use and service 5) and define charges for data products and 6) automated delivery of data products. (See figure 1.)<\/span><\/p>\n<p><span style=\"font-weight: 400\">A data market offers many benefits. It creates a culture of analytics and data sharing; it saves time fulfilling requests for data and waiting for request to be fulfilled; it makes it easy for data producers to publish, track, and retire data products; and finally, it reduces data silos and enforces data governance. (See figure 2.) <\/span><\/p>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"sub\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<div class=\"quote\">\n\t\t\t\t\t<p>\u201cA data market unlocks the true value of data products\u2026. All large organizations will have a data market in 3-5 years.\u201d<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\n\n\t\t\t\t\n\n\n\n\n\t\t\t\t\t\t\t\t<div class=\"vidimg\">\n\t\t\t\t\t<div class=\"img\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"iframelink\">youtu.be\/oeaCWjZJUGQ<\/div>\n\t\t\t\t\t\t<iframe class=\"videoem\" src=\"https:\/\/www.youtube.com\/embed\/oeaCWjZJUGQ?rel=0\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"txtlnk\">\n\t\t\t\t\t\t<p><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\t\n\t<\/div>\n<\/div>\t\n\n<div class=\"entry-content\">\n\t<div style=\" z-index: 3\" class=\"simplesub wow zoomIn bgblue b80w notoppover footunder cignore singleyes\">\n\t\t\n\t\t<div class=\"textblockwrap\">\n\n\t\t\t\t\t\t<div class=\"sub\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\n\n\t\t\t\t\t\t\t\t<div class=\"cfigure bgnone\">\n\t\t\t\t\t<h2>Figure 1. Data Market Capabilities<\/h2>\n\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-content\/uploads\/sites\/21\/2024\/01\/Roll-of-a-Data-Market-Figure-1-Data-Market-Capabilities.png\" alt=\"\" \/>\n\t\t\t\t\t\n\n\n\n\n\t\t\t\t\t\t\t\t\t\t<a class=\"close\" href=\"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-content\/uploads\/sites\/21\/2024\/01\/Roll-of-a-Data-Market-Figure-1-Data-Market-Capabilities.png\">Close<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\n\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\t\n\t<\/div>\n<\/div>\t\n\n<div id=\"figure\" class=\"entry-content\">\n<div style=\" z-index: 4\" class=\"figure wow fadeIn bgorange b80w notoppover footover\" data-wow-delay=\"0.4s\">\n\t\t<h2>Figure 2. Benefits of a Data Market<\/h2>\n\t\t\n\t\t\t\n\n\t\n\t    <img decoding=\"async\" src=\"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-content\/uploads\/sites\/21\/2024\/01\/Roll-of-a-Data-Market-Figure-2-Benefits-of-a-Data-Market.png\" alt=\"\" \/>\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\n\t<div class=\"ref\"><\/div>\n\t\n\t<a class=\"close\" href=\"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-content\/uploads\/sites\/21\/2024\/01\/Roll-of-a-Data-Market-Figure-2-Benefits-of-a-Data-Market.png\">View Large<\/a>\n<\/div>\n<\/div>\n\n<div class=\"entry-content\">\n\t<div style=\" z-index: 5\" class=\"wow fadeInDown resources bgblue notoppover colsingle b60w\">\n\t<h2>Additional Resources<\/h2>\n\t<ul>\n\t\t\t\t<li><a class=\"icon sml iwebsite\" target=\"_blank\" href=\"https:\/\/www.eckerson.com\/articles\/data-products-part-ii-data-products-require-product-thinking\">Wayne Eckerson, \u201cData Products Requires Product Thinking\u201d, Eckerson Group, November, 2023<\/a><\/li>\n\t\t\t<\/ul>\n<\/div>\n\t<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":1333,"parent":0,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-2605","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/pages\/2605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/comments?post=2605"}],"version-history":[{"count":15,"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/pages\/2605\/revisions"}],"predecessor-version":[{"id":2835,"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/pages\/2605\/revisions\/2835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/media\/1333"}],"wp:attachment":[{"href":"https:\/\/markets.eckerson.com\/how-to-create-govern-and-manage-data-products\/wp-json\/wp\/v2\/media?parent=2605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}