Data sharing tool lets you share the same set of data between different applications and users. This can be utilized by your company to enhance decision-making and increase productivity. It can also be used to stimulate innovation and break down silos between departments.
Data-sharing software generally provides one source of truth to data from various sources, such as enterprise systems and IoT devices with signals as diverse as the behavior of a website’s visitors or power plant sensors. Data-sharing software allows you to securely, logically and precisely share live data with internal business units and external business partners in order to lower costs and deliver improved customer service.
The biggest issue in sharing data has been shifting ever-increasing data quantities. For internal data sharing, moving datasets from one black box to another typically involves resource-intensive extract, transform and load (ETL) operations. Maintaining data quality and best practices for data governance is a different problem.
The best data-sharing software should provide a scalable and efficient way to shift data between various locations without the necessity of ETL operations. It should also support a variety of formats for exporting data and provide a wide array of metadata that helps you easily understand the meaning and context of every dataset. It should also have an encrypted and secure transmission protocol and use persistent identifiers to ensure the data you send can be easily identified and returned over time. It should also permit you to track the data that is connected continuously and manage permissions as needed.
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