The Benefits of a Data Sharing Tool

A data sharing tool is a system that allows real-time data sharing across disparate systems. These platforms combine scalability with security and governance, and the ease of use for business users who aren’t technically minded. As opposed to traditional single-box options, they are designed to meet the constant nature of real-time data sharing. This includes supporting multiple consumers, producers divisions, clouds, divisions or companies, high levels of data flow and bidirectional flow and both one-time and ongoing data exchanges.

In medical settings it is necessary to share the patient’s records that are not identifiable with other clinicians and researchers. This enables collaboration on research projects that accelerate the development of new treatments for medical conditions and improve the quality of care. This allows for quicker second opinions and helps the patient select the best treatment option.

Data sharing also allows research to be more efficient. Researchers can pool resources and expertise to avoid duplication of efforts and also perform a larger analysis of trends over a wider geographic or topic. It also helps reduce the need for financial investment in new infrastructure, permitting researchers to make use of existing datasets.

In a final public sector example, Airbnb recently shared anonymized host data with New York City to help deal with concerns about illegal short-term rentals. This shows how data sharing can benefit both the public and private sector.

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