Data exchange is the technique of transforming data from one app to another in order that it can be used in the new program. The aim is to ensure that the meaning of information is always the same.

Traditionally, companies have had to have got to trouble of actually finding a suitable source of info, evaluating that, negotiating an amount for it, then integrating that data with their internal devices. Data exchange platforms enable companies to obtain the data they want directly from many suppliers and never have to go through these types of tedious and time-consuming operations.

Advantages of data exchange

A secure and trusted approach to sharing data helps companies meet compliance requirements, set up trust-based mechanisms and deliver accurate insights regarding customers. Additionally, it facilitates the monetization of a company’s data solutions.

To exchange info electronically in corporate Central, you must set up a data exchange definition for every table you wish to map with external data files or revenues. The definition includes a umschlüsselung setup that maps areas in the external file to prospects in the goal table. For instance , you can use an information exchange definition to send and receive electric documents, importance and export bank data or various other external info.

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