Sanjeev Varma CEO, Information Asset
Khushboo Mehta, Solution Architect
There is a lot of discussion in the industry about the importance of data products, especially in the context of the data mesh. A data product is an application that uses data to achieve a business objective such as revenue growth, cost reduction, risk mitigation, or cash flow enhancement.
In this blog, we will review five steps to configure data products in Collibra
- Define Data Products
A business intelligence report may be classified as a data product. Figure 1 shows a PowerBI-based Inflation report in Collibra. The report also includes a custom attribute for the value that has been assigned to the report.
- Define Data Products
2. Develop Derived Data Products
Derived data products are based on one or more data products. For example, a bank has an Office of the Comptroller of the Currency (OCC) Compliance data product, which is derived from the Report Certification data product, which is derived from several report data products including Inflation (see Figure 2).
3. Establish Data Quality Scores for Data Products
The data quality score from Collibra OwlDQ may be appended as a custom attribute to the data product. For example, the data quality index for the Customer Master data product is 80 percent (see Figure 3).
4. Agree on Data Privacy Rules for Data Products
Data products need to be constrained by data privacy rules. For example, the Chat Log data product is constrained by a rule that highly confidential data such as Social Security Number must be masked before usage for analytics (see Figure 4).
5. Create Customer-Specific Contractual Rules for Data Products
Data products also need to be constrained by contractual rules that are specific to customers. For example, an investment manager may have customer contracts that permit differing levels of data usage. The investment manager’s contracts with IBM and Honeywell only permit usage of 401(k) participant data within the app. However, the contract with Information Asset does not have any such usage restrictions (see Figure 5).
