Data sharing tool is an application that lets you share the same set of data between multiple applications and users. This can help boost productivity and improve decision-making throughout your company. It also helps to foster innovation and eliminate silos between departments.

Data-sharing software usually provides the same source of truth for data from diverse sources, such as enterprise systems as well as IoT devices that provide signals as diverse as website visitor behavior or power plant sensors. Data-sharing tools enable you to securely, logically and accurately share live data with internal business units and external business partners in order to lower costs and deliver improved customer experiences.

The biggest issue in sharing data is the ever-growing amount of data. Transferring data from one blackbox to the next is a huge resource for internal data sharing. Maintaining data quality and best practices for data management has been a second problem.

The best software for sharing data should allow you to move data between different locations in a scalable, efficient method without the need for ETL operations. It should also support a range of formats for exporting data and offer a wealth of metadata that help users understand the meaning and context of every dataset. It should also employ a secure, encrypted protocol for data transmission as well as persistent identifiers so that you are able to quickly find and retrieve data over time. It should also allow you to monitor the data being transferred on a continuous basis and manage permissions, if needed.