The Benefits of a Data Sharing Tool

The Benefits of a Data Sharing Tool

A data sharing tool is a software that allows real-time data sharing across disparate systems. These platforms typically offer scalability, security and governance with ease of use for non-technical business users. In contrast to traditional single-box solutions, they are designed to meet the dynamic nature of real-time information sharing. This includes multiple consumers, producers and clouds as well as companies and divisions. It also supports high data throughput rates and bidirectional data flows.

In a medical setting this means sharing deidentified patient records to other clinicians and researchers. This allows collaboration on research projects in order to improve care and accelerate the development of medical treatments. It also allows for faster second opinions and helps patients decide on the best treatment options.

Data sharing can also make research more efficient. Researchers can pool their knowledge and resources which can reduce the need for duplication and allowing them to perform more comprehensive trend analyses across more of a topic or geographical area. It can also reduce the need to invest money in new infrastructure by allowing researchers to leverage existing datasets.

Finally, in a public sector instance, Airbnb recently shared anonymized host data with New York City to help deal with concerns about illegal short-term rentals. This illustrates how sharing information can benefit both the public and private sector.

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