SMP Mobile

What is a Data Sharing Tool?

A data sharing tool is a program that allows users to share the exact same data across different applications. This can help increase productivity and improve decision making throughout your company. It also helps to foster innovation and eliminate silos between departments.

Data-sharing software typically provides a single source of truth to data from different sources, including enterprise systems as well as IoT devices with signals as diverse as website visitor behavior or power plant sensors. Data-sharing software allows you to securely, logically and precisely share live data with internal business units and external partners of the company to cut costs and provide better customer experiences.

The most difficult challenge with data sharing has been shifting ever-increasing data quantities. For internal data sharing, moving datasets from one black box to the next 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 best software for sharing data should allow you to transfer data between locations in a scalable, efficient method without the need for ETL operations. It should also offer an extensive set of metadata that will aid in understanding the significance of each data set. It should also employ a secure, encrypted protocol to transmit data and use persistent identifiers that allow you to quickly find and retrieve data over time. It should also permit you to monitor the data that is connected on a continuous basis and manage permissions, if needed.


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