What is a Data Sharing Tool?

Data sharing tool is an application that allows you to share the same set of data across many applications and users. This tool can be used by your organization to improve decisions and increase productivity. It can also be used to encourage innovation and break down barriers between departments.

Data-sharing software typically provides the same source of truth for data coming from various sources, including enterprise systems as well as IoT devices with signals as diverse as website visitor behavior or power plant sensors. Data-sharing tools let you securely, logically and accurately share live data with internal business units as well as external company partners to reduce costs and improve customer experiences.

The biggest challenge in data sharing is the ever-increasing amount of data. For internal data sharing, the process of moving data from one black box to another typically involves resource-intensive extract transform and load (ETL) operations. Maintaining the quality of data and best practices for data governance has been a separate challenge.

The best software for sharing data should allow you to move data between different locations in a flexible, efficient way without the need to perform ETL operations. It should also allow a variety of formats for data exports and offer a wealth of metadata that lets you to understand the purpose and context of each data set. It should also have an encrypted, secure transmission protocol and use persistent identifiers to ensure the data you transfer can be easily located and later retrieved. It should also permit you to track the data being transmitted on a regular basis and manage permissions as needed.

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