What is a Data Sharing Tool?

A data sharing tool is a solution that allows businesses to share live, secure data with their business ecosystem. This helps teams solve many critical business issues, including breaking down silos, accelerating the completion of projects, enabling collaboration through data transparency and uncovering new insights.

Enterprise IT applications are growing and robust solutions for real-time data exchange have become essential to meet business objectives. The volume of data generated by IoT devices offices, office equipment and site visitors is growing exponentially.

Many of these integrations are driven by a desire to improve efficiency, performance or revenue streams. The biggest challenge is to transfer these huge quantities of data, at scale, from source to destination without sacrificing its value. Traditional approaches like SFTP and pre-signed URLs for object Managing files software stores and data transfer through ETL processes aren’t scalable to the data volumes required and are only applicable to a single vendor (e.g. Oracle, AWS Redshift or Snowflake).

There are many solutions that can assist in addressing the challenges of sharing real-time data. A set of platforms, that understand the data they contain and act as trusted intermediaries between various applications can alleviate some of these issues. This shifts the responsibility of managing data flows onto the platform provider. It also speeds up and simplify data integraiton by removing the complex retry-and-retransmission capabilities that are part of many traditional tools.






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