16 Sep What is a Data Sharing Tool?
A data sharing tool is a software that lets users share the same data across several applications. This can be utilized by your organization to improve decision-making and boost productivity. It also helps to foster innovation and eliminate silos between departments.
Data-sharing software usually provides one source of truth for data coming from diverse sources, such as enterprise systems and IoT device signals as diverse as the behavior of website visitors or power plant sensors. Data sharing tools allow you to safely, efficiently and accurately share live data with internal business units and external business partners to cut expenses and deliver better customer experience.
The most significant challenge in sharing data is the growing volume of data. Transferring data from one blackbox to another is costly for internal data sharing. Maintaining the quality of data and best practices for data governance has been a separate challenge.
The most reliable data-sharing software should provide a scalable and efficient way to move data between various locations without the need for ETL operations. It will also be able to support a variety of formats for data exports and provide a wide array of metadata that lets you to understand the purpose and context for each dataset. It should also make use of an encrypted, secure protocol for data transmission as well as persistent identifiers to allow you to easily locate and retrieve the data over time. Furthermore, it should allow you to monitor the data is connected on a regular basis and let you manage permissions as needed.