A data sharing tool is a program that lets users share the exact same data across multiple applications. This can help improve productivity and enhance decision-making across your organization. It can also be used to encourage innovation and break down barriers between departments.
Data-sharing software gives you a single source for data from various sources, like enterprise systems and IoT signals, which can be as diverse as web visitors’ behavior or sensors in power plants. Data-sharing tools let you securely, logically and efficiently share real-time data with business partners and internal units to cut costs and enhance customer experience.
The biggest issue with data sharing has been shifting ever-growing data volumes. For internal data sharing, moving datasets from one black box to the next typically requires resource-intensive extract, transform and load (ETL) operations. Maintaining data quality and best practices for data virtual secure services governance has been a separate issue.
The most effective software for data sharing should permit you to move data between different locations in a flexible, efficient way without the need to perform ETL operations. It will also be able to support a variety of formats for data exports and come with a comprehensive set of metadata to help you understand the significance and context of every dataset. It should also offer a secure, encrypted transmission protocol, and utilize persistent identifiers to ensure that the data you send can be easily located and returned over time. Additionally, it should allow you to monitor the data is being linked to on a go-forward basis and enable you to manage permissions as needed.