The Benefits of a Data Sharing Tool

September, 26 2023

A data sharing tool is a platform which allows real-time data sharing across various systems. These platforms are scalable and offer security and governance, as well as ease of use for business users who aren’t technically skilled. These platforms aren’t designed to be static, as are traditional single-box solutions. They are designed to support real-time data sharing. This includes accommodating multiple consumers, producers cloud, divisions or companies, high levels of data processing and bidirectional flows, and enabling both continuous and one-time data exchanges.

In a medical setting, this means sharing deidentified patient records to other doctors and researchers. This enables collaboration on research projects to accelerate the development of new treatments for patients and improve their the quality of care. This allows for faster second opinions and helps the patient decide on the best treatment options.

Data sharing can also help research to be more efficient. Researchers can pool their knowledge and resources, avoiding duplication of work and allowing them perform greater trend analyses that cover a greater geographical or topic area. It also helps reduce the need for monetary investment in infrastructure development by allowing researchers to leverage existing datasets.

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

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