What is a Data Sharing Tool?

Avatar for wadminwby wadminw
October 12, 2023

A data sharing tool allows businesses to share live and secure data with their business ecosystem. This allows teams to address critical business cases such as eliminating silos and accelerating the process of completing projects. It also enhances collaboration by ensuring data transparency and provides new insights.

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

Many of these integrations were motivated by the desire to enhance efficiency, analytics and revenue streams. The most difficult part is to move huge amounts of data from source to destination on a large scale without harming their value. Traditional approaches like SFTP and pre-signed URLs for object stores and data migration using ETL processes can’t scale to the volume of data required and are only applicable to a single vendor (e.g. Oracle, AWS Redshift or Snowflake).

There are several solutions that can address the issues of Visit Website sharing real-time data. A specific class of platforms, which understand the data they store and act as trusted intermediaries between applications can ease some of these issues. This shifts the burden of managing data flows to the platform’s provider and can speed up and simplify data integration by removing many of the complex Retry and Re-Transmission features that are built into many traditional tools.

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