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Data sharing tool allows you to share the same data set among different applications and users. This can be utilized by your company to enhance the efficiency of decision-making and improve productivity. It can also be used to foster innovation and break down silos between departments.

Data-sharing software provides an all-in-one source for data from multiple sources, such as enterprise systems and IoT signals, which could be as diverse as visitors‘ behavior or sensors in power plants. Data-sharing tools enable you to securely, logically and accurately share live data with internal business units and external business partners in order to lower expenses and deliver better customer experience.

The most difficult challenge with data sharing has been shifting increasing data volumes. For internal data sharing, the process of moving data from one black box to another typically requires resource-intensive extract, transform and load (ETL) operations. Maintaining data quality and best practices for data governance is a different problem.

The best data-sharing software should offer a flexible and effective method to transfer data across different locations without the need for ETL operations. It should also support a variety of formats for data exports and offer a wealth of metadata that helps users understand the meaning and context of each dataset. It should also have a secure, encrypted transmission protocol, and utilize persistent identifiers so that the data you send can be easily tracked and later retrieved. Lastly, it should enable you to monitor the data is connected to on a regular basis and enable you to manage permissions as needed.