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Data contracts are agreements between data producers and consumers. They typically define schema, data semantics, SLA, and terms of use. They are structured and consistent, often involving cultural change and collaboration between CDO and CTO. The need for data contracts comes from data producers not understanding downstream use cases due to lack of visibility. As data is used for machine learning and consumer-facing apps, higher data standards are required. Data teams are now striving for these data contracts.
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