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The Benefits of a Data Sharing Tool

A data sharing platform is a system that lets real-time data exchange across disparate systems. These platforms typically combine security, scalability 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 facilitate real-time data sharing. This includes the ability to support multiple producers, consumers cloud, divisions or companies, high rates of data processing and bidirectional flow, and allowing both one-time and ongoing data exchanges.

In a medical setting this involves sharing unidentified patient records with researchers and other healthcare professionals. This allows for collaboration on research projects to improve care and speed up the development of medical treatments. It also facilitates quicker second opinions and helps patients choose the best treatment options.

Data sharing also enables research to be more efficient. Researchers can pool their resources and knowledge to avoid duplication of effort and allowing them perform more comprehensive trend analyses across a greater geographical or topic area. It can also reduce the need to invest money in new infrastructure, allowing researchers to draw on existing data sources.

In a final public sector example, Airbnb recently shared anonymized host information with New York City to help address concerns about illegal short-term rentals. This shows how data sharing can benefit both the public and private sector.

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