3 Benefits of Data Sharing
Sharing data among team members and partners can make a huge difference in how efficiently your company can act on data insights. Although data sharing can cause trouble if it isn’t handled properly, the benefits of streamlined data sharing outweigh the risks in most cases.
If you’re considering creating or re-evaluating a data sharing plan, below are three benefits of data sharing to keep in mind:
1. New Perspectives
One of the biggest benefits of data sharing is that you have the opportunity to gain new perspectives. Even the most talented data team in the world can become complacent over time when dealing with the same types of data over and over. Using a platform for data sharing allows you to bring fresh perspectives to data that your company may not have received when relying on the same analysts over and over. In almost all circumstances of data analysis, getting multiple sets of eyes on a problem is a good thing.
2. You Ensure Credit Attribution
While dealing with large datasets, it can be easy for attribution to get lost over time. When data comes from different sources and is analyzed by different people, you want to provide credit where it’s due. This can be tough when your team is the only source representing the data your company works with, but through the use of a platform for data sharing, all the moving pieces in a project can receive proper attribution.
3. Data Becomes Reusable
One of the more important benefits of data sharing is that it allows data to become reusable. When your team is finished analyzing and making use of data, it can be passed along to partners to help them.
This breeds stronger partnerships and can also be used as a source of attribution back to your company. In the age of generative search where entity SEO is more important than ever, having citations and attributions spread across the web is important.
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