Data is everything, and enterprises are pushing the limits to capture, manage, and utilize it optimally. However, given the monumental rise of Web3, companies may not be able to sustain themselves with conventional data management techniques. Instead, they are inclined toward futuristic analytics and need a stronger architecture to manage their data products. As per Forbes, in 2019, 95% of organizations were not managing their unstructured data and ultimately lost out on valuable opportunities.
As we know, a "data product" is an engineered, reusable data asset with a targeted purpose. A data product platform integrates with multiple source systems, processes data, and makes it instantly available to all stakeholders.