A data sharing tool is a software that allows users to share the same data across multiple applications. This can be utilized by your company to improve decision-making and boost productivity. It can also be used to encourage creativity and break down the silos between departments.

Data-sharing software typically provides one source of truth for data coming from various sources, such as enterprise systems as well as IoT devices with signals as diverse as the behavior of a website’s visitors or power plant sensors. Data-sharing tools allow you to securely, logically and effectively share real-time data with both internal and external business units to reduce costs and enhance the customer experience.

The biggest issue with data sharing has been shifting increasing data volumes. Moving datasets from one blackbox to the next is resource-intensive for internal data sharing. Data governance and maintaining data quality have been a challenge.

The best data sharing software should permit you to move data between locations efficiently and in a fluid, flexible method without the need for ETL operations. It should also include rich metadata to aid in understanding the significance of every dataset. It should also utilize encryption that is secure and secure for data transmission and persistent identifiers so that you are able to easily locate and retrieve the data over time. It should also permit you to monitor the data being transmitted continuously and manage permissions as needed.