A data sharing tool is a software which allows real-time data sharing across disparate systems. These platforms are scalable and offer security and governance, and ease of use for business users who aren’t technologically adept. These platforms are not designed to be static, like traditional single-box solutions. They are built to support real-time data sharing. This includes supporting multiple consumers, producers cloud, divisions or companies, high levels of data throughput and bidirectional flows, and enabling ongoing and one-time data exchanges.
In a medical setting, this involves sharing patient records that are not identifiable to other clinicians and researchers. This allows collaboration on research projects to accelerate the development of new medical treatments and improve healthcare. It also allows for faster second opinions and helps patients choose the best treatment options.
Data sharing can also aid in research efficiency. Researchers can pool their virtual secure services knowledge and resources and avoid duplicate work and enabling them to perform larger trend analyses over the entire geographical or topic area. Researchers can also save money by using existing datasets.
Airbnb shared host data that was anonymous with New York City as an example of a public sector solution for the problem of illegal short-term rentals. This illustrates how sharing data can benefit both the public and private sector.