16 Sep What is a Data Sharing Tool?
A data sharing tool is a software that allows users to share the exact same data across different applications. This can be used by your company to improve decisions and increase productivity. It can also be used to foster innovation and break down the silos between departments.
Data-sharing software is a single source for data from multiple sources, such as enterprise systems and IoT signals, which could be as diverse as visitors’ behavior or sensors in power plants. Data-sharing tools let you securely, logically and effectively share real-time data with internal and external business units to lower costs and enhance the customer experience.
The biggest challenge in data sharing is the ever-increasing volume of data. Transferring data from one blackbox to another is an expensive process for internal data sharing. Data management and maintaining quality of data are a major issue.
The best data-sharing software should provide a scalable and efficient way to move data across different locations without the necessity of ETL operations. It should also support a variety of formats for data exports and provide a wide array of metadata that helps you easily understand the meaning and context of each dataset. It should also utilize an encrypted, secure protocol to transmit data and use persistent identifiers to allow you to quickly locate and retrieve data over time. Furthermore, it should allow you to see what data is being connected to on a go-forward basis and enable you to manage permissions as required.
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