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A data sharing tool is an application that enables real-time data sharing across different systems. These platforms typically offer scalability, security and governance with ease of use for non-technical business users. Contrary to traditional, single-box systems these are designed to support the constant nature of real-time data sharing. This includes supporting multiple producers, consumers divisions, clouds, divisions or companies, high levels of data processing and bidirectional flows, as well as enabling both one-time and ongoing data exchanges.

In a medical context, this involves sharing patient records that are not identifiable to researchers and other clinicians. This enables collaboration on research projects to accelerate the development of new medical treatments and improve treatment. It also allows quicker second opinions and helps patients choose the best treatment options.

Data sharing can also help researchers to be more efficient. Researchers can pool their resources and knowledge and avoid duplicate work and allowing them perform larger trend analyses over the entire geographical or topic area. It can also reduce the need for monetary investment in new infrastructure by making it possible for researchers to use existing data sources.

Airbnb shared host information in anonymity with New York City as an example of a public sector solution for the issue of illegal short-term rentals. This demonstrates how sharing data can benefit both the private and public sector.