Data sharing tool allows you to share the same data set between different applications and users. This can help boost productivity and improve decision-making across your organization. It can also be used to encourage innovation and break down barriers between departments.
Data-sharing software generally provides the same source of truth to data from different sources, including enterprise systems and IoT devices that provide signals as diverse as website visitor behavior or power plant sensors. Data-sharing software allows you to effectively, safely and logically share live data with internal business units as well as external business partners in order to lower expenses and deliver better customer service.
The biggest issue with sharing data has been shifting increasing data volumes. For internal data sharing, moving data from one black box to another usually requires resource-intensive extract transform and load (ETL) operations. Maintaining the quality of data and best practices for data governance has been a further challenge.
The most effective software for sharing data should allow you to move data between locations in a flexible and efficient way without having to perform ETL operations. It should also contain an extensive set of metadata to enable you to understand the significance of each data set. It should also have a secure, encrypted transmission protocol and use persistent identifiers so that the data you send can be easily tracked and retrieved over time. Additionally, it should allow you to track how data is being connected to on a continuous basis and let you manage permissions as required.