Data exchange is a collaboration of information sharing between funding agencies and organizations that allows them to identify wiser and more efficient ways of enhancing service delivery and overall outcomes. Choosing effective data exchange tools to improve your organization's performance might be a complex undertaking due to their abundance.

Here is a top tools list of every popular data exchange tool popular in providing top tier services:

1. Harbr Enterprise Data Exchange

Harbr Enterprise Data Exchange integrates with your existing data technology stack, expanding your investments in data lakes, warehouses, catalogs, and data science and analytical tools. Harbr can turn data into self-service solutions that can be shared and collaborated on securely, allowing you to get new insights, better decision making, and monetize your data.

Key Features:

• Convert any digital resource into self-service data products for easy management and consumption, including data, models, and code.

• Learn the use cases, measure what's in demand, and iterate to meet changing business demands by actively managing data as a product.

• Allow data product owners to distribute their data without IT or operations intervention.

• Provides controls who has access to the data and who does not.

Cost:

You can request a quote on the website.

2. Eight Wire

Eight Wire enables data sharing between companies by automating the thousands of procedures that would otherwise be completed by hand. We're built to fulfill security and privacy standards right out of the box, so you can acquire the data you need while staying compliant with government regulations.

Key Features:

• Enables companies to connect their data systems from anywhere on the planet securely.

• MongoDB, Hive, Amazon Redshift, and other platforms and file systems are among the media and file systems that can be integrated.

• Secure File Transfer (SFTP) transfers data from one location to another.

Cost:

You can request a quote on the website.

3. Cleo

Cleo is a trustworthy data exchange platform that has provided relevant services to hundreds of customers. Cleo offers to supply its clients with rich data exchange services that can assist businesses in increasing their brand growth based on their extensive experience.

Key Features:

• End-to-end integration visibility swiftly identifies and addresses faults, meets SLAs, and enhances partner scorecards.

• Cleo easily automates EDI, API, and file-based integrations.

• Allows you to connect to any existing trading partner or application and expand your network without disrupting your business.

Cost:

You can request a quote on the website.

4. iGrant.io

iGrant.io is a cloud-based personal data exchange and consent mediation technology that allows for a transparent and reliable data-sharing economy. It enables enterprises (both commercial and public) to harness the value of personal data while remaining compliant with regulations and respecting individual data rights.

It allows organizations to monetize personal data assets in a regulatory compliant manner and minimize the cost of compliance with regulations (such as GDPR in the EU, DEPA in India, and so on).

Key Features:

• IT applications will benefit from API-driven data regulatory compliance.

• Allows for real-time interaction with individuals and such interaction to improve data quality.

• The data exchange solution transforms personal data from a potential liability into a monetizable asset without jeopardizing privacy or data regulatory compliance.

Cost:

You can request a quote on the website.

5 Unisys Data Exchange

Unisys Data Exchange is an ETL system for extracting, transforming, and loading data between proprietary Unisys data stores and commodity data stores. Data Exchange allows for quick data access for business process integration and decision assistance while reducing the burden on the online transaction processing environment. Successful reporting, corporate intelligence, and extensive data activities allow near real-time integration of operational data between applications.

Key Features:

• Based on the transformation definition, it transforms historical data from a transformation source to a transformation target.

• Data Exchange integrates with your ClearPath system's existing apps and data stores, reducing the expense of updating current application source code and datastore schemas.

• Allows for safe connections between different Data Exchange components.

Cost:

You can request a quote on the website.

6. X-ROAD

X-ROAD is open-source software and ecosystem solution that enables organizations to communicate data consistently and securely. X-Road is a standardized, cohesive, collaborative, interoperable, and secure data interchange layer that allows service providers a whole new way to show up in services aimed at citizens, corporations, and government employees. It's simple and inexpensive to create entities that combine multiple services and data sources.

Key Features:

• Several implementation models are supported

• Managed authentication, hierarchical authorization, a high-level log processing system, and digitally signed and time-stamped data flow are all provided by X-security Road's architecture.

• X-Road eliminates administrative overhead by facilitating the adoption of the Once-Only Principle (TOOP).

Cost:

You can request a quote on the website.

7. Eureka Cloud Data Exchange

Eureka Cloud Data Exchange is a low-cost, cloud-based integration tool with ready-to-use, intelligent plugins for integrating popular Ecommerce, Accounting, ERP, and CRM platforms. Eureka helps businesses of all sizes eliminate data entry duplication and errors by automatically transmitting information such as Sales Orders, Payments, Customers, and Stock Levels based on your criteria.

Key Features:

• Allows connectivity with major and widely used programs, including Salesforce, Shopify, Magento, and FTP.

• Innovative plugins enable businesses to automatically import and export essential data from one system to another at intervals that suit them.

• Automating these operations also ensures data accuracy, ensuring that your clients receive excellent service and that processes operate smoothly.

Cost:

You can request a quote on the website.

8. Dataswift.io

Dataswift.io gives it an edge that can assist businesses in growing by allowing them to become owner-operators of scalable data ecosystems that drive the future of their industry. Individuals, businesses, and developers profit from the tool’s technology since it enables data mobility and interoperability across all geographical boundaries. From tourism to banking and health to human development, this opens the possibility of establishing large-scale global data ecosystems.

Key Features:

• Secures, owns and controls your identity and personal data and your data as a microbusiness.

• Developers save time designing and maintaining applications with powerful APIs and an SDK while also improving security and minimizing financial liabilities for their employers.

• You may log in and authenticate across numerous apps using your server URL as a Universal ID.

Cost:

You can request a quote on the website.

9. Narrative.io

Narrative.io is the world's most popular data commerce platform, allowing you to purchase and sell data quickly and easily. Narrative makes it simple to set up, run, and scale your data business without wasting time or money. Thanks to filters, budget restrictions, and automatic deduplication, you'll only ever pay for the data you need and nothing you don't.

Key Features:

• You may develop a bespoke e-commerce data shopfront that matches your brand and makes it simple for people to search, browse, and buy your data products with just a few clicks.

• The technology automates and streamlines the most time-consuming and labor-intensive data acquisition components, allowing you to access new data sources in days rather than months.

• You can see all licensed suppliers and data points with Narrative, so you know exactly where the data is coming from and how it was collected.

Cost:

You can request a quote on the website.

10. Explorium.ai

Explorium.ai provides us with the necessary data to make quick and effective credit judgments, ultimately benefiting the business. Explorium not only enriches data in real-time, but it also shows you which data sources and characteristics will deliver the best model uplifts. The Prediction Engine at Explorium enriches your data with augmented data discovery, generates an optimal feature set, and builds models with measurable business impact.

Key Features:

• Improves the personalization and experience of customers.

• Customer data is automatically enhanced with ever-changing consumer preferences and buying trends.

• Access relevant and compliance data to respond to shifting risks and successfully minimize risk.

Cost:

You can request a quote on the website.

11. Snowflake Data Exchange

Snowflake Data Exchange is a service that allows you to exchange data about snowflakes. Direct, secure, and controlled access to ready-to-query data sets from your Snowflake account eliminates the costs and effort associated with typical ETL data input and transformation processes.

It also provides access to over 1100 live and ready-to-query data sets from over 240 third-party data sources and data service providers for data scientists, business intelligence and analytics professionals, and anybody who wants to make data-driven decisions.

Key Features:

• To break down data silos, share multiple datasets at scale amongst business divisions or subsidiaries inside your organization.

• To assist supplement internal datasets, exchange data with third-party vendors.

• To gain business insights, find and consume data on other Data Exchanges.

Cost:

You can request a quote on the website.

12. Informatica

Informatica Data Exchange product series provides complete data aggregation, exchange, and sharing administration and monitoring environment. It offers universal data transformation for unstructured data, industry-standard data, XML, and various proprietary formats.

Key Features:

• Increase efficiency and lower costs.

• Extract and use data from any file, document, or message in seconds.

• With Hadoop parsing, you can easily handle any file format optimally and consistently.

Cost:

You can request a quote on the website.

13. OptInsight

OptInsight enables you to communicate with medical professionals secure, legal, and efficient. The results and insights you generate are automatically saved and can be used to help you send your message to the people who will benefit the most from it.

Key Features:

• Based on internal and external resources and data insight.

• Synchronization with popular pharma programs, including Veeva, OCE, Salesforce marketing cloud, and One Key database.

• Audit trails of obtained HCP data are extensive.

• Individual HCPs have control over their data.

Cost:

You can request a quote on the website.

14. Spring Labs

Spring Labs allows parties to share sensitive information while keeping the underlying data private. Spring provides ad measurement services to industries such as healthcare and media, and financial institutions. There are choices for P2P, Spring, and white-labeled hosting.

Key Features:

• Compatible with any smart contract or token application

• Partners can add identification, credit, and customs information to the passport.

• The ky0x Digital Passport allows blockchain and intelligent contract apps to access off-chain data sources to construct new DeFi / Web3 services and permission-controlled applications.

Cost:

You can request a quote on the website.

15. Weld

Weld is a SOC 2 Type II compliant data exchange platform that provides straightforward data exchange solutions to millions of people. There's no need for different tools, massive data teams, or specialized scripts with Weld.

Key Features:

• Weld integrates with well-known tools such as Hubspot, Zendesk, Snowflake, and others to ensure that your data models are accurate and up to date.

• Weld's in-house team of data analysts and solution engineers assists you in getting set up for success.

• Let's combine all of your data-related tasks into a single platform.

Cost:

You can request a quote on the website.

16. Lotame Data Exchange

Lotame Data Exchange provides buyers with the high-quality, accurate, and relevant data they need to get closer to the appropriate customers. These premium segments are built from declared and modeled datasets to target insights and analytics better. Firms can interact directly with it’s dedicated data professionals for help with pre-sales, RFPs, or ongoing campaigns through Lotame to fulfill their unique data needs.

Key Features:

• Allows you to connect with, analyze, enrich, and activate first-party audiences on any browser, device, or platform.

• To buy or sell high-quality addressable audiences, develop relationships with trusted data partners worldwide.

• Take advantage of and centralize first-party data for monetization, targeting, and other purposes.

Cost:

You can request a quote on the website.

17. Safe Software

Safe Software enables data transfer across 400+ proprietary and open source systems with ease. Data can flow freely regardless of which methods are utilized in your workflow or by people you need to communicate information with.

Safe Software also allows you to adapt data to match your needs and QC data before entering the target system, resulting in high-quality datasets.

Key Features:

• Using FME's visual interface, you can break down data silos and transport data between 450+ apps.

• FME transformers provide data quality throughout the integration lifetime.

• You'll make everyone's life easier by automatically distributing integrated data to stakeholders on a real-time or planned basis.

Cost:

You can request a quote on the website.

18. PartnerLinQ

PartnerLinQ gives you complete control over your supply chain connectivity by providing end-to-end visibility, management, and endless flexibility. PartnerLinQ's evolutionary architecture and multi-channel integration capabilities complement a Headless Commerce architecture and are also required for more integrated experiences with linked trading partners.

PartnerLinQ's standard interactive interfaces boost flexibility and give a cutting-edge, customizable end-to-end procedure that assists merchants in increasing profits and decreasing the time to advertise their items.

Key Features:

• Simple to set up and use, providing a robust, secure, and compliant SaaS platform.

• Supports numerous EDI, XML, and API standards and proprietary data formats and transport protocols.

• Cloud-based, infinitely scalable, and capable of handling thousands of transactions per hour.

• Includes an integrated AS2 solution for faster, more secure, and cost-effective B2B communication.

Cost:

You can request a quote on the website.

19. Digi.me

Digi.me is an award-winning data exchange solutions platform that addresses the most difficult personal data issues, including privacy, security, user consent, and data access. This platform supports health systems and standards such as CDA, HL7 FHIR, BlueButton, EMIS, Epic, Cerner, and NHS data and links to thousands of data sources.

Key Features:

• More data-driven insights will help you innovate while protecting user privacy and lowering your risks.

• Individually consented data provides direct access to significantly richer data than ever before.

• It allows you to control your info privately and decide whether to share it.

Cost:

You can request a quote on the website.

20. AWS Data Exchange

AWS Data Exchange eliminates the hassle of obtaining financial data from new and existing third-party suppliers, allowing businesses to focus on their core services and provide differentiated data analytics to serve their customers better. To stay competitive in the future, companies must innovate and engage their employees and customers in new ways.

Key Features:

• Hundreds of commercial data products from category leaders in financial services, healthcare, retail, media and entertainment, and other industries are available on AWS Data Exchange.

• AWS Data Exchange makes it easier to access, license, and use data sets.

• AWS Data Exchange enables you to use the data you've subscribed to right away with the entire AWS analytics services, including Amazon EMR's big data processing.

Cost:

You can request a quote on the website.

21. The Data Exchange

The Data Exchange web-based solutions allow you to do more with the data you collect, spending less time producing reports and more time analyzing results. Data exchange offers clients more one-of-a-kind services by giving customized solutions to help businesses get the most out of their software.

Key Features:

• Data consolidation tools focus on content rather than presentation to deliver deeper insights through advanced data modeling.

• Their agile software development strategy allows you to redefine your product as your project evolves, giving you constant access to the most up-to-date information.

• Dashboarding solutions that are intuitive, interactive, and responsive offer you the exact facts you need.

Cost:

You can request a quote on the website.

22. Dawex Data Exchange Platform

Dawex Data Exchange Platform enables enterprises to organize data circulation, source, disseminate, and exchange data with their ecosystem, resulting in a plethora of data cooperation opportunities. Dawex Data Exchange Platform is a white-label SaaS platform that can be fully customized to disseminate, source, sell, and orchestrate data ecosystems.

Key Features:

• Customized authentication and verification procedure.

• Onboarding workflow that is customizable and guided.

• Each participant has an advanced dashboard that serves as a command center.

• Two-factor authentication and advanced permissions management.

Cost:

You can request a quote on the website.

Things to Consider When Choosing a Data Exchange Tools

Data Complexity

Direct database access may be the most effective approach when the data entity to be transferred numerous linked elements or the specific components are unknown in advance, i.e., the required data items vary on an ad-hoc basis.

Frequency of data update

The cost of replacing a whole dataset via file transfer or direct database access can be significant. These problems are amplified if the data set is updated often (and the number of updates is enormous). APIs and messaging system methods are likely superior solutions in this circumstance because they handle transactional updates more readily and avoid continuous bulk resynchronization.

Data set size

For performance reasons, transferring massive data sets often necessitates the use of a file transfer or a direct database connection. Although there are approaches for improving performance when sharing massive data sets or high numbers of large messages using REST or comparable APIs, other methods are often preferred.

Conclusion

Choosing a critical product like data exchange software can be complicated, so we spent time compiling a list of all popular data exchange platforms that businesses can rely on. We believe you were able to choose one that corresponds to your company's objectives.

FAQs

What is Data Exchange?

The process of sending and receiving data so that the information content or meaning attributed to the data is not changed during transmission is known as data exchange. It facilitates data sharing among multiple stakeholders. It provides access to data segments from all over the world, allowing you to obtain a more in-depth understanding of your target market.

For example, these platforms give you access to millions of audience segments and various datasets, allowing you to improve your marketing campaigns, make better advertising decisions, and boost data-driven marketing operations.

What Are Data Exchange Tools?

A Data ExchangeTools is the most advanced platform for distributing, sourcing, exchanging, sharing, and commercializing data and orchestrating data ecosystems to form powerful data partnerships.

It addresses the legal, technical, security, and compliance needs to be required to enforce current and future data regulations and frameworks by design.

When Should You Consider Using Data Exchange Tools?

Every tool used by a company in its day-to-day operations has a significant impact on its overall performance. Because data exchange is a crucial tool, organizations should deploy it as soon as possible.

What is ETL?

ETL, short for Extract, Transform, Load, is a sort of data integration that refers to the three phases (extract, transform, and load) used to combine data from various sources. It's frequently used to construct a data warehouse. Data is taken (extracted) from a source system, converted (transformed) into an analyzable format, and placed (loaded) into a data warehouse or other system throughout this process.

ELT (extract, load, transform) is a different but related approach for pushing processing to the database for better speed.

What are the benefits of data exchange?

Data Exchange enables you to regulate and govern data access both inside and externally with suppliers, partners, or customers by:

• Managing membership

• Granting and revoking access to data through firm’s preferences.

• Data usage auditing

• Puts security controls in place for your data.