MetaCX creates a private, secure space for users to instrument any application, system, or digital endpoint owned by any number of partnering organizations. The platform processes and normalizes this data through a complex event processor to produce time-series based signals that can be used to measure real-time value creation and delivery.
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Understanding Data Sharing Platforms
Data sharing has become a hot topic in the digital space. But what is data sharing, and why is it important? Put simply, data sharing is the process by which data is made available to business partners, audiences, and researchers. By making data available to a wider pool of investigators, organizations can promote scholarly research and kickstart new and exciting projects. In this way, the importance of data sharing cannot be overstated.
A data sharing platform allows users to easily share data, either for free or at a cost. These platforms enable the safe, efficient transfer of data between parties wherein both can benefit from accessing each other ’s information. Rather than having to pull data from several disparate platforms, users can find what they need in a single platform. This can result in greater time efficiency. It can also lead to increased accuracy, as data is compiled in a centralized location.
It’s no secret that a large number of organizations today are investing in data solutions—and for good reason. Data analytics in particular has become a crucial method for evaluating business performance and understanding consumer behavior. As data sharing technology becomes more advanced, more and more companies are hopping on the data sharing bandwagon and taking advantage of all that this process has to offer.
Getting started with data sharing can be tricky, but by doing your research ahead of time, you can successfully navigate this budding digital space. Because data sharing in networking grants access to data to multiple people across multiple devices simultaneously, it can be a great way to connect with other businesses. You might even decide to partner with them on their initiatives. Likewise, they may end up deciding to help you with your most pressing objectives.
The benefits of data sharing are extensive, and by connecting to a data sharing platform, you can broaden your digital horizons. Instead of being tied to a single data source, you can share what you’ve got with others, and they, in turn, can share their data with you. This can result in valuable insights and discoveries for everyone involved.
Types of Data Sharing
There are many types of data sharing, and becoming familiar with each can be helpful when beginning the process. Three types of data sharing that businesses should be aware of are data commons, data collaboratives, and data marketplaces. These are just a few of the most well-known types, however. Here’s a more detailed rundown of the common data sharing types.
- Data commons: Cloud-based platforms that enable data storage and sharing.
- Data collaboratives: Platforms that promote collaboration.
- Data marketplaces: Transactional platforms where users can buy and sell data.
- Data trusts: Stewards that manage others’ data on their behalf.
- Open data: Data that can be freely used and distributed by anyone.
When looking for a data sharing platform or medium, you should also consider your specific business type or industry. For example, if you work in the B2B space, you should focus on B2B data sharing options. Likewise, if you work in academia, it may be best to look for academic data sharing platforms.
Data partnerships allow organizations access to external data sources. They can be especially beneficial for businesses that cater to the same types of customers. By studying each other’s data, they can see how their customers are interacting with different brands. These insights can be used to drive better decision-making across the board and reach customers on a more personalized level. Exploring the data sharing options that are available to you is key to getting the most of the data in your possession, as well as gaining access to new data that can yield relevant, actionable insights.
Data Sharing Between Companies
Data sharing between companies offers numerous benefits to all parties involved, namely the ability to track progress on shared initiatives. By entering into a data sharing partnership, you will gain access to new—and potentially valuable—digital assets. Partners can easily share data through a data sharing platform. They might also take advantage of data sharing tools to increase efficiency.
Before getting started with this process, it’s important to develop a data sharing framework that can serve as a guiding template for your workflow. Without a clear roadmap of where you’re going, it can be easy to get lost in the data sharing process. To avoid losing sight of your ultimate goal or vision, you need to define your purpose and create clear, concise steps for reaching your final destination. A data sharing model or framework can help keep you on track and enable you to hit your targets more efficiently.
It may also be wise to come up with a data sharing policy, or several, detailing the types of data you are and are not comfortable sharing. Just because you partner with an organization doesn’t mean you have to share everything with them, nor are they required to share everything with you. By setting clear expectations from the start, you can keep everybody aligned on what type of data can be shared and what it is to be used for. You don’t want to dive headfirst into the process only to discover that certain types of data are off limits, and so it’s important to create policies and procedures around sharing.
Best Data Sharing Platforms
The best data sharing platforms are flexible, safe, and easy to use. Not all platforms are designed for all types of businesses, and so you should thoroughly research data sharing companies or platforms before making a decision. In terms of data sharing, Gartner offers helpful resources for helping organizations choose between tools and platforms. You can download guides and PDFs to compare platforms and get a better idea of which ones may be best for your business.
Google Drive is one of the most well-known and widely-used sharing platforms. It is free and easy to use, and can be helpful for those looking to store and share files in the cloud. Dropbox is another great option for file sharing. Like Google Drive, Dropbox is offered for free, though you can pay for a more advanced plan if you intend on sharing a lot of material. These platforms offer some of the best cloud storage options.
MetaCX allows users to manage and collaborate on strategic initiatives. The platform boasts a wide range of capabilities, including the ability to share marketing assets, educational content, and more. MetaCX makes it easy for business partners and key stakeholders to come together to build bridges and share valuable resources. Being able to easily connect with those you do business with is key to achieving your most pressing business goals—it can mean the difference between your project going south or through the roof. For this reason, more and more companies are turning to data sharing platforms to stay connected to partners.
File Sharing Platforms
File sharing platforms are a very specific type of data sharing platform in that they facilitate the transfer of numerous types of digital files. With a file sharing platform, you can easily collaborate with others, exchanging files and granting access to storage spaces. While file sharing online can take many forms, most people—especially those work with large numbers of diverse file types—choose to work with platforms that are specifically designed for sharing. This allows them to centralize and organize data.
When looking for the best file sharing platform, it’s important to consider your specific needs. For example, if you’re on a budget, you might consider a free file sharing platform. File sharing sites free tools can be a great option for those with limited sharing needs, but may be insufficient for organizations that regularly share large volumes of data.
Apps can be particularly useful for those that prefer working on their smartphones. A file sharing app allows users to effortlessly share files via their mobile devices, which can be a lot more convenient than having to work from a desktop or company computer. To find the best file sharing app for your business, you should consider things like budget and sharing volume. The We Transfer file sharing platform offers some of the best file sharing for business and should be considered by those that are getting started with the process.
Despite the benefits they offer companies, file sharing platforms are not without their limitations, however. They may be susceptible to data breaches and other security issues, and often require a set of technical skills that not all organizations possess internally. Users also run the risk of copyright issues when sharing files.
Examples of Data Sharing
Viewing data sharing examples is a great way to learn more about the data sharing process. This can be helpful when getting started using a data sharing platform. The following are some of the most common data sharing use cases:
- Data sharing in academia.
- Data sharing in healthcare to improve patient outcomes.
- Data sharing in journalism to obtain wider access to critical media files.
- Data sharing in business to identify and analyze customer behavior trends and deliver business impact.
These examples of data sharing demonstrate the ways in which organizations can benefit from sharing their data with each other. Rather than limiting themselves to their own pools of data, they can access more information to further their business objectives. When viewing a data sharing example, it can be helpful to consider how that use case may pertain to your specific company. Of course, not all use cases are relevant to all industries or organizations, but it’s a good idea to thoroughly explore your options.
You might also study data partnership examples for a better understanding of data sharing partnerships. Take note of how all parties involved benefit from the partnership and how they collaborate on shared initiatives. This can help you determine whether or not your business could benefit from entering into such a partnership.
MetaCX makes it easy for all stakeholders to align on common objectives. Whether you’re looking to share data or collaborate on a more simplistic level, you can accomplish your goals more effectively with MetaCX’s collaboration tools. This facilitates better business outcomes across the board.