September 17, 2023

What is a Data Sharing Tool?

Data sharing tool lets you share the same set of data between many applications and users. This can help improve productivity and enhance decision-making across your organization. It can also be used to foster innovation and break down silos between departments.

Data-sharing software gives you a single source for data from multiple sources, such as enterprise systems and IoT signals, which can be as diverse as web visitors’ behavior or sensors in power plants. Data-sharing tools allow you to safely, logically, and effectively share real-time data with both internal and external business units to lower costs and improve customer experiences.

The most significant challenge in data sharing is the ever-increasing volume of data. For internal data sharing, the process of moving data from one black box to the next typically involves resource-intensive extract transform and load (ETL) operations. Data governance and maintaining data quality has been a problem.

The best data-sharing software should provide a flexible and efficient way to move data between different locations without the necessity of ETL operations. It should also offer a rich set metadata to aid in understanding the significance of each data set. It should also include an encrypted, secure transmission protocol, and utilize persistent identifiers to ensure that the data you transfer can be easily located and later retrieved. It should also permit you to track the data being transmitted on a continuous basis and manage permissions, if needed.