A data sharing tool is a piece of software that lets users share the exact same data with several applications. This can be utilized by your company to enhance decision-making and boost productivity. It can also foster innovation and eliminate silos between departments.

Data-sharing software gives you one source of data from many sources, including enterprise systems and IoT signals, which can be as diverse as visitors and sensors within power plants. Data sharing tools allow you to safely, efficiently and accurately share live data with internal business units and external partners of the company to cut expenses and deliver better customer experiences.

The most difficult challenge in sharing data has been the shifting of increasing amounts of data. For internal data sharing, moving datasets from one black box to another click typically involves resource-intensive extract, transform and load (ETL) operations. Maintaining the quality of data and best practices for data governance has been a separate challenge.

The most effective data-sharing software must provide a flexible and efficient method to transfer data between different locations without the necessity of ETL operations. It should also offer an extensive set of metadata that will enable you to understand the significance of each data set. It should also include encryption and security for the transmission protocol and use persistent identifiers so that the data you send can be easily identified and returned over time. It should also permit you to track the data that is connected on a regular basis and manage permissions when needed.