Accenture Master Class: Why Organizations Should Create Data Products

Teresa Tung, Cloud First Chief Technologist at Accenture, discusses the importance of shifting from a data project mindset to a data product mindset in organizations, emphasizing the benefits of this transition in achieving data democratization and fostering a business-led, product-centric approach. The implementation of Data Mesh principles is highlighted as a strategic move to enhance scalability, flexibility, and data-driven resiliency amid economic uncertainties. Key performance indicators (KPIs) are critical to measuring success, focusing on operational efficiencies, trustworthiness, real-time data capabilities, accessibility, and usability, which collectively enhance user experience and open new business streams. This approach facilitates a continuous release cycle, integrates business and technology outcomes, and encourages collaboration within and beyond the enterprise. The data product mindset transforms how organizations interact with data, moving from isolated projects to reusable, scalable data products that drive business value and innovation.