Types of Data Product

Data product can be in following categories

Raw Data

Here raw data created by user deliver value e.g. linkedin endrosement Field, tagging on Facebook

Derived Data

In this type data pipeline/logic is written to transform data from one form to another form e.g. Consumer price index, risk index

Algorithimic data creation

In this type, data is derived or transformed. but it is significant transformation thru algorithm or machine learning e.g. Translate from English to French, New summary, Earning call summary

Decison Support

In this type of data product, focus on making human more intelligent. These data product assist human or information working in making decision e.g. Click Thru rate

Automated Decision support

In this category data product is used for automated decision making without human e.g. automated drone

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