What is a Data Sharing Tool?

Data sharing tool allows you to share the same set of data between several applications and users. This can be used to boost productivity and improve decision-making within your company. It can also encourage innovation and remove siloes between departments.

Data-sharing software is one source of data from multiple sources, such as enterprise systems and IoT signals, which can be as diverse as visitors’ behavior or sensors in power plants. Data sharing tools let you securely, logically, and accurately share real-time data with external and internal business units to cut costs and enhance customer experience.

Historically, the most challenging issue in sharing data has been shifting increasing amounts of data. For internal data sharing, moving datasets from one black box to the next typically involves resource-intensive extract, transform and load (ETL) operations. Data management and maintaining quality of data are a major issue.

The most effective data-sharing software must provide a scalable and efficient way to move data across different locations without the necessity of ETL operations. It should also include an extensive set of metadata that will help you understand the meaning of every dataset. It should also use an encrypted and secure protocol to transmit data and use persistent identifiers so that you can quickly locate and retrieve data over time. Additionally, 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.