In a world where data volume, variety, and type are exponentially growing, organizations need to collaborate with data of any size and shape. In many cases data is at its most powerful when it can be shared and combined with data that resides outside organizational boundaries with business partners and third parties. For customers, sharing this data in a simple and governed way is challenging. Common data sharing approaches using file transfer protocol (FTP) or web APIs tend to be bespoke development and require infrastructure to manage. These tools do not provide the security or governance required to meet enterprise standards, and they often are not suitable for sharing large datasets. To enable enterprise collaboration, we are excited to unveil Azure Data Share Preview, a new data service for sharing data across organizations.
Simple and safe data sharing
Alongside governance, security is fundamental in Azure Data Share and leverages core Azure security measures to help protect the data.
Enabling data collaboration
Azure Data Share maximizes access to simple and safe data sharing for organizations in many industries. For example, retailers can leverage Azure Data Share to easily share sales inventory and demographic data for demand forecasting and price optimization with their suppliers.
In the finance industry, Microsoft collaborated with Finastra, one of the world’s leading fintechs and provider of the broadest portfolio of financial services software in the world today that spans retail banking, transaction banking, lending, and treasury and capital markets. Finastra is fully integrating Azure Data Share with their open platform, FusionFabric.cloud, to enable seamless distribution of premium datasets to a wider ecosystem of application developers across the FinTech value chain. These datasets have been curated by Finastra over several years, and by leveraging the data distribution capabilities of Azure Data Share, ingestion by app developers and other partners requires simple wrangling, significantly reducing the go to market timeframe and unlocking net new revenue potential for Finastra.
“Our decision to integrate Azure Data Share with Finastra’s FusionFabric.cloud platform is now a great way to further accelerate innovation via an expanded open ecosystem. Our partnership with Microsoft truly provides us with limitless opportunities to drive transformation in Financial Services.”
- Eli Rosner, Chief Product and Technology Officer, Finastra
Industries of all types need a simple and safe way to share data. Azure Data Share opens up new opportunities for innovation and insights to drive greater business impact.