What is a Data Sharing Tool?

A tool for sharing data allows companies to share secure, real-time data with their network. This enables teams to tackle critical business cases such as eliminating silos and accelerating the process of completing projects. It also improves collaboration through transparency of data and provides new insights.

As the number of enterprise IT applications grows in complexity, the need for reliable solutions to real-time data sharing is now a necessity for getting business results. The volume of data generated by IoT devices, office equipment and website visitors is growing exponentially.

Many of these integrations are motivated by the desire to increase efficiency, performance or revenue streams. The most important issue is how to move these massive quantities of data, at scale from source to destination without sacrificing its value. The traditional approaches, such as SFTP, pre-signed URLs of objects stored in the store and data movement through ETL processes, don’t scale to the amount of data required and can only be applied to a single vendor solution (e.g., Oracle, AWS Redshift, Snowflake).

There are many solutions that could help with the challenges of sharing real-time data. A class of platforms, which are aware of the data they hold and act as trusted intermediaries between different applications and applications, could help ease some of these issues. This shifts the responsibility of managing data flows to the platform provider. It can simplify and speed up data integration by taking away the many complicated retry and re-transmission features that are built into many traditional tools.

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