Cloud Data Sharing – The Key to Business Insights

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Many users use cloud storage to backups, or use a cloud-based file sharing service to share files with family members or friends. Some of these cloud storage services provide advanced features, such as selective synchronization of folders for mobile devices, integration with productivity tools, intelligent notifications, document level comments, and activity streams that allow anyone to discern what’s changed/updated to the file/folder in the past. Some systems focus on security by using encryption, allowing access to only a few IP addresses, or providing virtual private networks.

The key to success in modern data management is the ability to provide real-time business insights, which require a system that can deliver high performance on a large scale. This is difficult to achieve with homegrown or consulting-based solutions that depend on several regions, services, and clouds, and whose architecture is often designed to provide fault tolerance rather than high uptime.

Data Sharing

A robust data-sharing solution offers a single, consistent method to exchange, monetize and consume live market data across the entire business ecosystem. It provides speed, power and security for various data-driven applications including historical sales forecasts, to models of propensity of customers, to real-time data feeds that forecast trends and identify new opportunities. This is a tough problem to resolve. However, a best-of class vendor can provide an application that provides low latency insights and lowers costs and reducing risk to data.