DataFramed [Radar Recap] Value Creation with the Modern Data Stack
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Mar 27, 2023 Yali Sassoon, Co-founder and Chief Strategy Officer at Snowplow Analytics, and Barr Moses, CEO & Co-founder of Monte Carlo, delve into the modern data stack's transformative power. They discuss how data teams can effectively showcase their value by aligning with business goals and enhancing collaboration. The duo emphasizes treating data as a product, navigating challenges with AI, and the importance of metrics to measure ROI. They also share career advice for aspiring data professionals, highlighting the necessity of curiosity and continuous learning.
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Modern Data Stack Definition
- The modern data stack is an ecosystem of tools centered around cloud data warehouses.
- It allows organizations to collect, compute, and derive value from data more efficiently.
Importance of Cloud Data Warehouses
- Cloud data warehouses like Snowflake, Databricks, and BigQuery are at the core of the modern data stack.
- They enable the accumulation and computation of data from diverse sources, which was previously difficult and costly.
Value Creation with Data Teams
- Start with a clear use case and work backward to determine the necessary technology.
- Partner with the business to identify and execute high-ROI use cases.