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What is a Data Sharing Tool?

Data sharing tool lets you share the same set of data across many applications and users. This can be used to boost productivity and improve decision-making within your company. It can also encourage creativity and break down silos between departments.

Data-sharing software generally provides a single source of truth for data gathered from different sources, including enterprise systems and IoT devices that provide signals as diverse as web-based visitor behavior or power plant sensors. Data-sharing software allows you to securely, logically and effectively share real-time data with business partners and internal units to lower expenses and enhance customer service.

Historically, the most challenging issue with sharing data has been shifting ever-growing data volumes. Transferring data from one blackbox to the next is resource-intensive for internal data sharing. Maintaining data quality and best practices for data governance has been a further challenge.

The best software for sharing data will allow you to transfer data between locations efficiently and in a fluid, flexible way without having to perform ETL operations. It should also allow a variety of formats for exporting data and offer a wealth of metadata that help you to understand the purpose and context of each data set. It should also make use of a secure, encrypted protocol for data transmission as well as persistent identifiers so that you are able to quickly find and retrieve data over time. Additionally, it should allow you to track how data is being linked to on a go-forward basis and allow you to manage permissions as needed.

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