A data sharing tool is a software that enables real-time data sharing across various systems. These platforms typically include scalability, security, and governance, while facilitating use for non-technical business users. These platforms are not designed to be static like traditional single-box solutions. They are designed to enable real-time data sharing. This includes multiple consumers, producers and clouds as well as companies and divisions. It also provides high data throughput rates and bidirectional data flow.
In a medical setting this entails sharing anonymized patient records with researchers and other physicians. This allows for collaboration on research projects in order to improve the quality of 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 their resources and knowledge to avoid duplicate effort and perform more comprehensive analyses of trends across a larger geographic or topic. Researchers can also save money by using existing data.
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 private and public sector.