The Benefits of a Data Sharing Tool

A data sharing platform is an application that allows real-time data exchange between multiple systems. These platforms typically combine scalability, security, and governance, while facilitating use for non-technical business users. These platforms aren’t intended to be static, unlike traditional single-box solutions. They are designed to enable real-time data sharing. This includes multiple producers, consumers and clouds as well as divisions and companies. It also supports high data throughput rates and bidirectional data flows.

In the medical field this entails sharing the patient’s records that are not identifiable with other clinicians and researchers. This allows collaboration on research projects to accelerate the development of new treatments for patients and improve their treatment. This enables quicker second opinions and helps patients decide on the best treatment options.

Sharing data can also make research more efficient. Researchers can pool their resources and knowledge, avoiding duplication of work and allowing them perform larger trend analyses over an extended geographical or topic area. Researchers can also save money by using existing datasets.

Airbnb shared anonymous host data 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 sharing data can benefit both the public and private sector.

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