The 5 risks of sharing data with partners

Here is what you need to know before sharing your data with partners.

This article by David Wilkinson talks about the potential threat you can face while sharing your data with partners. Exchanging data is the riskiest part of data activities. Things to look out for before sharing your data are:

1. Privacy:

Some vendors suggest that data use agreements offer full disclosure of data, but without proper technical safeguards, there is no assurity of privacy. To overcome this,
companies should use privacy-enhancing technologies (PETS) to gain insight into their data without breaching privacy.

2. Identity:

Companies build different data models and disparate customer information for data privacy. Therefore, using data exchanging tools is essential to build a robust identity framework. In addition, identity resolution is necessary to get the most out of shared data.

3. Cost:

Instead of sharing data monthly, weekly, or even every day, which would be expensive, companies need to look for vendors that offer federation analytics options. SQL queries and machine learning could occur using this federation analytics without centralizing data.

4. Vendor lock-in:

IT leaders should take assistance from a third-party Saas management vendor to provide data translation and connectivity across clouds instead of downplaying the inevitability of multi-cloud markets.

5. Long time-to-value:

Look for vendors who would abstract away complexity and provide legal, data ethics, and infrastructure expertise. Their primary focus should be on data privacy. 

To have an in-depth read on the five risks of sharing data, click here.