Moving to a decentralised approach to data at Wayfair, with Nachiket Mehta
Oct 19, 2023
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Wayfair's Nachiket Mehta discusses decentralising data, from challenges to benefits. They cover using domain models, data contracts, and a platform-based approach for faster decision-making. Learn how decentralisation can enhance performance and drive business growth.
Wayfair shifted to a decentralized data model for faster decision-making.
Utilizing domain models and data contracts empowers teams to drive business growth.
Deep dives
Transition to Decentralized Data Approach at Wayfair
Wayfair, a leading retailer, shifted to a decentralized data approach focusing on data democratization. By transitioning to a decentralized setup, driven by ideas like data mesh, they aimed to enhance governance and data product mindset. The move involved defining domains, establishing data contracts for producers and consumers, and creating a self-service data platform.
Wayfair's Business Model and Supply Chain Innovations
Wayfair's business model as an e-commerce platform with minimal inventory ownership drives their unique supply chain innovation. With 23 million customers, 22,000+ suppliers, and 40 million+ products, Wayfair invests in technology like AR and VR for enhanced customer experience while expanding globally and into physical retail to offer home products.
Challenges and Progress in Implementing Decentralized Data Approach
Implementing a decentralized data strategy requires a socio-technical approach, focusing on culture change, organizational design, and technology. Wayfair has made progress scaling the concept from proof of concept to implementation but faces challenges like establishing a centralized data discoverability platform and changing mindsets.
Future Value of Decentralized Data Approach for Wayfair
Wayfair anticipates speedier business decisions and actions as a key value from their decentralized data approach. By empowering data producers and consumers to establish data contracts and enhance trust, the company aims to expedite decision-making, improve customer satisfaction, drive top-line growth and cost savings, and adapt to evolving business models.
Uncover the transformative power of decentralising data with host Jason Foster and Nachiket Mehta, Head of Data and Analytics Engineering at Wayfair. They delve into Wayfair's journey from a centralised data approach to a decentralised model, the challenges they encountered, the value created, and how it has led to faster and more informed decision-making. Explore how Wayfair is utilising domain models, data contracts, and a platform-based approach to empower teams and enhance overall performance, and learn how decentralisation can revolutionise your organisation's data practices and drive business growth.
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