Data sharing tool allows you to share the same set of data between multiple applications and users. This can help improve productivity and enhance decision-making within your company. It can also be used to encourage innovation and break down barriers between departments.
Data-sharing software typically provides one source of truth for data coming from various sources, including enterprise systems and IoT device signals such as the behavior of a website’s visitors or power plant sensors. Data-sharing software allows you to safely, logically, and accurately share real-time data with both internal and external business units to reduce costs and improve customer experiences.
Historically, the most challenging issue with data sharing has been shifting ever-growing data volumes. Transferring data from one blackbox to the next is an expensive process for internal data sharing. Data management and maintaining quality of data have been a struggle.
The most effective software for data sharing should provide a flexible and efficient method to transfer data across different locations without the need for ETL operations. It should also support a variety of formats for exporting data and include a rich set of metadata that helps you easily understand the meaning and context of each data set. It should also make use of an encrypted and secure protocol for data transmission as well as persistent identifiers that allow you to easily locate and retrieve the data over time. Additionally, it should allow you to monitor the data is connected to on a go-forward basis and allow you to manage permissions as required.
