A data sharing tool lets companies to share secure, live data with their community. This helps teams solve important business challenges like breaking down silos and accelerating project completion. It also empowers collaboration by ensuring data transparency and provides new insights.
Enterprise IT applications are growing and robust solutions for real-time data exchange are essential for achieving business goals. From website visitor behavior to the data from IoT devices in your office or power plant, the volume of data is increasing exponentially and is creating an equally large amount of data integrations.
Many of these integrations are driven by the desire to increase the efficiency of analytics, their performance or revenue streams. The biggest challenge is to move these massive quantities of data, at scale from source to destination without losing its value. The standard approaches like SFTP and pre-signed URLs for object stores and data migration using ETL processes don’t scale to the volume of data required and can only apply to one vendor (e.g. Oracle, AWS Redshift or Snowflake).
There are several solutions that can assist in addressing the issues of sharing real-time data. A specific class of platforms, that are able to comprehend the data they contain and act as trusted intermediaries between apps and applications, could help ease some of these issues. This shifts the responsibility of managing data flows onto the platform provider. It can also speed up and simplify data integraiton by removing the complicated retry and retransmission capabilities that are part of many traditional tools.
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