The Benefits of a Data Sharing Tool

A data sharing platform is a system which allows real-time data exchange between disparate systems. These platforms provide scalability along with security and governance, and user-friendliness for business users who are not technologically adept. These platforms aren’t intended to be static, unlike traditional single-box solutions. They are designed to facilitate real-time data sharing. This includes the ability to support multiple producers, consumers cloud, divisions or companies, high levels of data throughput as well as bidirectional flows, as well as enabling both continuous and one-time data exchanges.

In a medical setting, this means sharing the patient’s records that are not identifiable with researchers and other clinicians. This allows for collaboration on research projects to improve care and speed up the development of medical treatments. This facilitates quicker second opinions and assists the patient choose the best treatment options.

Data sharing also enables research to be more efficient. Researchers can pool resources and knowledge to avoid duplicate efforts and also perform a larger analyses of trends across a larger geographic or topic area. It also reduces the need for financial investment in new infrastructures by making it possible for researchers to use existing data sources.

Airbnb shared host information in anonymity with New York City as an example of an approach by the public sector to the issue of illegal short-term rentals. This shows how sharing data can benefit both the private and public sector.

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