Data Strategy

Data as a Product: Why AI Success Starts with Your Foundation

Before AI Can Fly, Your Data Must Land

By Sveinn Ingi Steinþórsson | Founder and Strategic Advisor, AVISION Consultancy

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In an era where organizations are rushing to adopt Artificial Intelligence, advanced analytics, and sophisticated business intelligence platforms, there is a fundamental principle that often gets overlooked:

Technology is only as effective as the data that powers it.

AI is not a magic wand; it is a multiplier. It amplifies the quality of your underlying data infrastructure. If you feed an advanced AI model with fragmented, inconsistent, or poor-quality data, you don't get magic, you get amplified chaos. At AVISION, we define this challenge not as a technology problem, but as a product problem.

The "Data as a Product" Philosophy

For too long, data has been treated as 'IT exhaust', a byproduct of operational systems that is stored, archived, and largely ignored until a report is needed. This passive approach is the root cause of failed digital transformations.

To succeed in the AI era, organizations must shift their mindset to treat Data as a Product (DaaP). Just like any successful commercial product, your data must have:

When we built the infrastructure for PLAY Airlines, we didn't just build a database; we built a product that served the business. This decision enabled us to scale from a startup to a Nasdaq listing with systems that supported rather than hindered our growth.

The Unified Data Architecture

The biggest enemy of AI is the data silo. In aviation, for example, flight operations data often lives separately from commercial booking data, which lives separately from financial cost data. This fragmentation makes it impossible to answer holistic questions like, 'What is the exact profitability of Flight 101?'

At AVISION, we advocate for a Unified Data Architecture, a 'Hub and Spoke' model. We integrate disparate sources (Commercial, Operational, Financial) into a single, truthful core. This allows for:

The Accessibility Paradox

Even with pristine data quality, AI initiatives often fail due to the 'Accessibility Paradox.' Organizations invest billions in AI yet waste substantial portions of that investment because valuable data is trapped behind security restrictions or legacy firewalls.

Perfect data quality means nothing if your operational teams and AI agents cannot reach it. Modern data governance is not about locking data away; it is about creating secure, governed pathways for data to flow to the people and machines that need it. Secure data sharing platforms, including data clean rooms and federated learning systems, now enable organizations to provide access while maintaining security and compliance.

From Automation to Autonomy: Project Raven

In the age of AI, we are moving beyond simple reporting toward intelligent automation. We call this 'Project Raven' our initiative for Robotic Process Automation (RPA).

The concept is simple: Bots don't sleep. By automating data validation, error detection, and routine reporting, we ensure that when your human team arrives at the office, the data is already waiting, verified, and ready for action. This shifts human effort from 'data preparation' to 'strategic decision making.'

The Human Element: A Personal Transformation

I speak from direct experience. Over the past year, I have been actively reskilling myself to leverage AI tools as productivity multipliers in my daily work. The results have been transformational.

Tasks that previously took hours now take minutes: financial modeling and scenario planning, data analysis and visualization preparation, report drafting and formatting, research and competitive intelligence. But what matters more is how this reclaimed time gets deployed—not doing more of the same work, but focusing on strategic advisory, complex problem-solving, business development, and deep thinking.

This is the opportunity for every organization. When you embed AI helpers into processes built on solid data foundations, you don't replace people; you empower them to focus on what humans do best: judgment, creativity, strategy, and relationships.

Strategic Recommendations

For organizations considering major system implementations or AI adoption, the path forward requires disciplined attention to foundations:

The companies winning today are not those with the fanciest AI models. They are the ones who built their foundation right. They are the ones who treat data as their most valuable product.


About the Author

Sveinn Ingi Steinþórsson is the Founder of AVISION Consultancy, a strategic advisory firm that bridges the gap between data, technology, and business performance.

With 20+ years in aviation, finance, and strategy, Sveinn has built financial and operational infrastructure from the ground up, including co-founding PLAY Airlines and guiding it from startup to a successful Nasdaq listing. He acts as a strategic partner and problem solver, helping leadership teams measure what matters, manage with clarity, and achieve lasting results.

While his expertise is rooted in aviation, an industry that demands precision, speed, and resilience, these frameworks are directly applicable to any organization seeking to leverage data for competitive advantage.

info@avision.is | www.avision.is