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A data sharing tool is a program that lets users share the exact same data with several applications. This tool can be used by your organization to improve decisions and increase productivity. It can also help foster innovation and eliminate silos between departments.
Data-sharing software gives you the data from various sources, like enterprise systems and IoT signals, which can be as diverse as visitors’ behavior or sensors in power plants. Data sharing tools let you safely, logically, and efficiently share real-time data with business partners and internal units to reduce costs and improve customer experiences.
The most difficult challenge with sharing data has been shifting increasing amounts of data. For internal data sharing, the process of moving data from one black box to another typically involves resource-intensive extract, transform and load (ETL) operations. Maintaining the quality of data and best practices for data governance has been a separate challenge.
The most reliable data-sharing software should offer a flexible and effective method of moving data between various locations without the need for ETL operations. It should also provide an extensive set of metadata to aid in understanding the significance of each dataset. It should also provide an encrypted and secure transmission protocol, and utilize persistent identifiers to ensure the data you transfer can be easily tracked and later retrieved. It should also allow you to monitor the data that is connected on a regular basis and manage permissions if necessary.
