11 Oct What is a Data Sharing Tool?
A data sharing tool allows businesses to share secure, real-time data with their community. This enables teams to tackle important business issues like eliminating silos and accelerating the process of completing projects. It also facilitates collaboration through transparency of data and provides new insights.
Enterprise IT applications are expanding and reliable solutions for real-time data exchange are essential for achieving business goals. From the behaviour of visitors to the signals from IoT devices in your workplace or power plant, the volume of data is increasing exponentially and is creating an equally huge number of data integrations.
Many of these integrations are motivated by the desire to improve the efficiency of analytics, their performance, or revenue streams. The key challenge is how to transfer these huge volumes of data, on scale from source to destination, without sacrificing its value. The conventional approaches such as SFTP and pre-signed URLs for object This Site stores, and data migration via ETL processes don’t scale up to the amount of data needed and can only apply to one vendor (e.g. Oracle, AWS Redshift or Snowflake).
There are a variety of solutions that can address the challenges of sharing real-time data. Particularly, a category of platforms that understand the data they store and serve as a trusted intermediary between different applications can help alleviate many of these issues. This shifts the burden of managing data flows onto the platform provider. It can also speed up and simplify data integration by removing the complex retry-and-retransmission features of traditional tools.