The Benefits of a Data Sharing Tool

A data sharing tool is a software that allows real-time sharing of data across various systems. These platforms combine scalability with security and governance, and user-friendliness for business users who aren’t tech-savvy. These platforms are not intended to be static, as are traditional single-box solutions. They are built to allow real-time sharing of data. This includes multiple consumers, producers and clouds as well as companies and divisions. It also supports high data throughput rates and bidirectional data flows.

In a medical setting this means sharing deidentified patient records to other doctors and researchers. This allows collaboration on research projects to improve the quality of care and speed up the development of medical treatments. It also allows faster second opinions and assists patients select the most effective treatment options.

Sharing data can also improve research efficiency. Researchers can pool their knowledge and resources to avoid duplication of effort and allowing them perform greater trend analyses that cover an extended geographical or topic area. Researchers can also save money by using existing data.

In a final public sector instance, Airbnb recently shared anonymized host information with New York City to help solve the issue of illegal short-term rentals. This shows how data sharing can benefit both the public and private sector.