๐Ÿง How should data teams act within a company to create maximum value for the business?

๐Ÿ˜ž Definitely not by becoming a dashboard factory or by offloading everything and call it self-service.

Hereโ€™s my current take – and I know it has some buzzwords into it but please try to give it some thoughts:

๐Ÿฆ„ Setup the data team as an internal startup. What does that mean? Well, we apply typical startup measures to it.

#1 Find product/market fit and develop a โ€œbusiness modelโ€
Read the lean startup and go out to find your product/market fit and define your internal business model.

This means:
๐Ÿง‘๐Ÿปโ€๐Ÿš€ a lot of customer interviews. Invest the time and speak about their problems that could potentially resolved with data

๐Ÿ‘ฅ Shadow them – sit in the team for 1-2 weeks and see what their challenges are

๐ŸŽฐ Identify your initial niche and which services/products would help most to solve the problems in this niche

๐ŸŽช Build a Minimal valuable data product and test it with your niche group

๐Ÿก Validate using Superhumanโ€™s Product/Market fit model 

๐ŸŠ Expand from there – Build, Measure, Learn

Tomorrow I will write about pitching and raising next rounds as a data team.