Data sharing tool lets you share the same data set between multiple applications and users. This can be utilized by your company to improve decision-making and boost productivity. It can also be used to encourage innovation and break down silos between departments.

Data-sharing software usually provides a single source of truth for data gathered from various sources, including enterprise systems as well as IoT devices with signals as diverse as website visitor behavior or power plant sensors. Data-sharing tools allow you to securely, efficiently, and precisely share real-time information with external and internal business units to reduce costs and improve customer experiences.

Historically, the most challenging issue in sharing data has been shifting increasing amounts of data. For internal data sharing, moving datasets from one black box to the next typically requires resource-intensive extract, transform and load (ETL) operations. Maintaining the quality of data and best practices for data management has been a second problem.

The most effective data sharing software should permit you to move data between locations in a flexible and efficient manner without having to perform ETL operations. It should also support a variety of formats for exporting data and come with a comprehensive set of metadata to help users understand the meaning and context of each data set. It should also provide a secure, encrypted transmission protocol and employ persistent identifiers so that the data you transfer is easily found and retrieved over time. It should also allow you to track the data that is connected on a regular basis and manage permissions if necessary.

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