Posted on Leave a comment

What is a Data Sharing Tool?

A data sharing tool is a solution that allows companies to share live, secure data with their business. This allows teams to address crucial business problems like breaking down silos and accelerating the process of completing projects. It also improves collaboration by ensuring data transparency and provides new insights.

Enterprise IT applications are expanding, and reliable solutions for real-time data exchange are crucial to achieve business goals. The amount of data generated by IoT devices such as office equipment, computers and website visitors is increasing exponentially.

Many of these integrations are motivated by a desire to improve efficiency, performance or revenue streams. The main issue is how to transfer these huge quantities of data, at scale from source to destination without degrading its value. The conventional approaches such as SFTP and pre-signed URLs for object stores, and data migration via ETL processes don’t scale up to the amount of data needed and can only apply to only a single vendor (e.g. Oracle, AWS Redshift or Snowflake).

There are a variety of solutions that can address the issues of sharing real-time data. Particularly, a class of platforms that comprehend the data they store and act as a trusted intermediary between applications can to alleviate a number of these issues. This shifts the responsibility for managing data flows onto the platform provider. It also speeds up and simplify the process of integrating data by eliminating the complicated retry-and retransmission capabilities that are part of many traditional tools.

Leave a Reply

Your email address will not be published. Required fields are marked *