What is a Data Sharing Tool?

A data sharing tool is a solution that allows businesses to share live and secure data with their business ecosystem. This enables teams to tackle critical business cases such as breaking down silos and accelerating the time to complete projects. It also improves collaboration through data transparency and unlocks new insights.

Enterprise IT applications are growing and robust solutions for real-time data exchange are vital to reach business goals. From website visitor behavior to the signals coming from IoT devices in your workplace or power plant, the amount of data is growing exponentially, and generating an equally large number of data integrations.

Many of these integrations are motivated by a desire to improve analytics performance, efficiencies, or revenue streams. The main challenge is to move huge amounts of data from source to destination at a scale without losing their value. The standard approaches like SFTP and pre-signed URLs for object stores and data transfer through ETL processes don’t scale up to the amount of data needed and can only apply to a single vendor (e.g. Oracle, AWS Redshift or Snowflake).

There are several solutions that can assist in addressing the issues of sharing real-time data. A specific class of platforms, that are able to comprehend the data they contain and act as trusted intermediaries between apps, can help alleviate some of these issues. This shifts the responsibility of managing data flows to the platform provider and could speed up and simplify data integration by removing apkdownload-free.com/transparent-cooperation-is-an-important-aspect-of-business-operations/ the many complicated features of retry and re-transmission that are built into many traditional tools.

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