Data sharing tool is an application that lets you share the same data set among multiple applications and users. This can be utilized by your company to improve decision-making and boost productivity. It can be used to promote creativity and break down the silos between departments.
Data-sharing software typically provides the same source of truth for data coming from various sources, such as enterprise systems as well as IoT device signals such as the behavior of a website’s visitors or power plant sensors. Data sharing tools allow you to securely, logically and accurately share live data with internal business units as well as external partners of the company to cut costs and provide better customer experiences.
Historically, the most challenging issue with sharing data has been the shifting of increasing data volumes. Transferring data from one blackbox to another is a huge resource for internal data sharing. Data management and maintaining quality of data have been a challenge.
The best software for sharing data will allow you to move data between locations in a flexible, efficient way without the need to perform ETL operations. It should also offer rich metadata to enable you to understand the significance of each data set. It should also offer an encrypted, secure transmission protocol and use persistent identifiers to ensure the data you send is easily found and retrieved over time. Furthermore, it should allow you to track how data is being connected to on a go-forward basis and enable you to manage permissions as required.