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» File Transfer Protocol (FTP): Data files are shared and downloaded between two computers or via the Internet.
» Extract, transfer, load (ETL) software: ETL software extracts data from the provider’s database, transforms the data, and then loads it into the consumer’s database.
» Online file sharing services: These are similar to FTP, but sharing and downloading data files takes place via Internet file transfer only.
» Cloud storage: The provider stores data in the cloud and provides the consumer with credentials for accessing it.
» Application programming interfaces (APIs): An API is used to initiate and manage the data transfer.
But imagine the possibilities of having on-demand access to ready-to-use, live data so you could make immediate use of that data inside a secure, governed environment.
Exploring Data Sharing Possibilities
With modern data sharing, the possibilities are practically endless. So, why might an organization explore new data sharing opportunities? Here are a few compelling reasons:
» Improve the customer experience. Delivering targeted business or retail offerings with personalized marketing campaigns in a highly competitive, digital market requires a deeper understanding of your customers, competitors, and industry trends. The primary path to gain this understanding involves acquiring data you don’t already have in order to reveal what you don’t already know.
» Streamline your business. Easily sharing data across the multitude of organizations that comprise your enterprise, and with your business partners, creates a single source of truth, which could save billions of dollars by reconciling the most minor data inconsistences. Your enterprise also gains the insight to make data-driven business decisions.
» Create new business assets from data. Some data within a data provider will be just as valuable to thousands of external, non-competing data consumers. All of this can happen through an effortless, self-serving business model thanks to the simplicity of sharing any part of a modern, cloud data ware- house that offers modern data sharing.
8 Data Sharing For Dummies, Snowflake Special Edition
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