A data sharing tool is software that allows users to share the exact same data with several applications. This can be used to boost productivity and improve decision-making throughout your company. It can also be used to foster innovation and break down the silos between departments.
Data-sharing software offers one source of data from different sources, including enterprise systems and IoT signals, which could be as diverse as website visitors and sensors within power plants. Data-sharing tools allow you to safely, logically, and effectively share real-time data with both internal and external business units to lower costs and enhance customer experience.
Historically, the biggest challenge with sharing data has been shifting ever-increasing data quantities. For internal data sharing, moving data from one black box to another typically requires resource-intensive extract, transform and load (ETL) operations. Data management and maintaining the quality of data are a major issue.
The most reliable data-sharing software should offer a flexible and efficient method of moving data between various 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 users understand the meaning and context of each data set. It should also employ a secure, encrypted protocol to transmit data and use persistent identifiers to allow you to quickly locate and retrieve data over time. In addition, it should allow you to track how data is connected to on a regular basis and enable you to manage permissions as needed.
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