External data sharing
Every organization produces and collects a lot of data. Often, data that’s produced is consumed for internal operations, but there are many cases where some data that’s collected can be monetized by offering it to other companies that can use this data to enrich their analytical insights. As you may recall from our data lake chapter, we created an enriched layer for data that could use a combination of internal data and external data to produce datasets that help derive precision insights.
Creating a vision for sharing data externally to make money is easy; however, the real challenge is around setting up all the mechanisms to do this in a scalable, secure, and cost-effective manner. Creating a secure and optimal technical handshake between the data providers and data consumers is not easy. Producers and subscribers both want a secure and easy-to-use cloud-native platform that can seamlessly enable data sharing by providing self-service options...