A data sharing tool is an application that enables real-time data sharing across various systems. These platforms typically combine security, scalability and governance, while facilitating use for non-technical business users. These platforms are not designed to be static, unlike traditional single-box solutions. They are designed to enable real-time data sharing. This includes the ability to support multiple producers, consumers divisions, clouds, divisions or companies, and high rates of data throughput and bidirectional flows, and enabling ongoing and one-time data exchanges.

In the medical field, this means sharing anonymized patient records with researchers and other clinicians. This enables collaboration on research projects that accelerate the development of new medical treatments IDShield review and improve treatment. This allows for faster second opinions and aids the patient select the best treatment option.

Sharing data can also help researchers to be more efficient. Researchers can pool resources and knowledge to avoid duplicate efforts and conduct a more extensive trend analysis across a larger geographic or topic. It can also reduce the need for financial investment in new infrastructure by permitting researchers to make use of existing data sources.

Finally, in a public sector example, Airbnb recently shared anonymized host data with New York City to help solve the issue of illegal short-term rentals. This is a clear example of how sharing data can benefit both the private and public sector.