The Benefits of a Data Sharing Tool

A data sharing platform is a device that lets real-time data exchange across different systems. These platforms typically include scalability, security, and governance, while facilitating use for non-technical business users. As opposed to traditional single-box options, they are designed to take advantage of the continuous nature of real-time data sharing. This includes multiple producers, consumers and clouds as well as divisions and companies. It also supports high data throughput and bidirectional data flow.

In medical settings this entails sharing unidentified patient records with researchers and other healthcare professionals. This allows collaboration on research projects to improve care and speed up the development of medical treatments. It also provides faster second opinions and helps patients decide on the best treatment options.

Sharing data can also help researchers to be more efficient. Researchers can share their resources and expertise which can reduce the need for duplication and enabling them to perform more comprehensive trend analyses across the entire geographical or topic area. Researchers can also save money by using existing data.

Airbnb shared host data that was anonymous with New York City as an example of a public sector solution for the issue of illegal short-term rentals. This is a clear example of how sharing data can benefit both the public and private sector.

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