Data sharing tool lets you share the same set of data across different applications and users. This can be used by your company to improve decision-making and boost productivity. It can also foster creativity and reduce silos between departments.

Data-sharing software usually provides a single source of truth for data coming from diverse sources, such as enterprise systems and IoT devices with signals as diverse as the behavior of website visitors or power plant sensors. Data-sharing tools allow you to securely, logically and precisely share real-time information with internal and external business units to reduce expenses and enhance customer service.

The biggest obstacle 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 governance and maintaining data quality have been a struggle.

The best data-sharing software should offer a flexible and efficient method of moving data between different locations without the necessity of ETL operations. It should also include rich metadata to help you understand the meaning of each dataset. It should also offer an encrypted and secure transmission protocol and employ persistent identifiers to ensure the data you transfer can be easily located and be retrieved over time. It should also permit you to monitor the data being transmitted on a continuous basis and manage permissions as needed.

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