A data sharing tool is a program that allows users to share the exact same data across various applications. This can help improve productivity and enhance decision-making across your entire organization. It can also be used to encourage creativity and break down the silos between departments.
Data-sharing software gives you an all-in-one source for data from various sources, like enterprise systems and IoT signals, which could be as diverse as website visitors and sensors within 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 biggest challenge with sharing data has been shifting ever-growing data volumes. Moving datasets from one blackbox to the next is costly for internal data sharing. Data governance and maintaining data quality has been a problem.
The most effective software for data sharing should offer a flexible and effective way to shift data between different locations without the necessity of ETL operations. It should also allow a variety of formats for data exports and provide a wide array of metadata to help you to understand the purpose and context of every dataset. It should also use a secure, encrypted protocol for data transmission and permanent identifiers so that you are able to easily locate and retrieve the data over time. Lastly, it should enable you to monitor the data is being linked to in the future and allow you to manage permissions as required.