In any federated data platform, the responsibilities are divided between sources, teams, and stakeholders, making it difficult to establish and control a particular standard. However, data contracts can help in such cases. They can give insights into owners of data products, help set standards and manage data pipelines without any issues, and provide information on who is consuming what data and why. 

Considering all this, we can safely say that data contracts are important for data management. And the most important thing you need to control and maintain the quality of data flowing through your company between different owners is well-written data models and schemas. 

Memphis’ schemaverse offers a robust schema store and management layer on top of the broker without dedicated resources or a standalone compute. It has a modern and unique programmatic and UI approach, allowing both technical and non-technical users to create different schemas, attach them to multiple stations, and decide whether the schema should be enforced. And since Memphis takes a low-code approach, you don’t need to worry about serialization since it’s embedded right within the producer library. Schema X provides support for schema evolution, GitOps methodologies, and versioning.