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A data sharing tool is a piece of software that allows users to share the exact same data across different applications. This can help improve productivity and enhance decision-making across your organization. It can also be used to stimulate innovation and break down silos between departments.
Data-sharing software provides a single source for data from various sources, like enterprise systems and IoT signals, which can be as diverse as website visitors and sensors within power plants. Data-sharing tools enable you to safely, efficiently and accurately share live data with internal business units and external company partners to reduce costs and provide better customer service.
The most significant challenge in sharing data is the increasing amount of data. For internal data sharing, moving datasets from one black box to the next usually requires resource-intensive extract transform and load (ETL) operations. Data management and maintaining the quality of data have been a struggle.
The best data-sharing software should offer a flexible and effective method to transfer data between different locations without the necessity of ETL operations. It should also allow a variety of formats for data exports and come with a comprehensive set of metadata that helps you understand the significance and context of each data set. It should also make use of an encrypted, secure protocol for data transmission and permanent identifiers to allow you to quickly find and retrieve data over time. Lastly, it should enable you to track how data is connected to in the future and enable you to manage permissions as required.