Data sharing undoubtedly produces more effective results. If I were in charge of a data set, I would consider data sharing with a ‘Data sharing agreement’. Data sharing agreements outline the conditions under which data may be shared between parties, with full attention to confidentiality and legal compliance.
From a legal perspective, data sharing agreements must adhere to relevant laws and regulations governing privacy, security, and intellectual property rights. For instance, in Thailand, personal data can be shared only if certain conditions are met and comply with the Personal Data Protection Act 2019 (‘PDPA’). Moreover, the agreement should comply with industry regulations: specific regulations may apply to data sharing agreements, for example, healthcare records under HIPAA, in the US. Ensuring data security and privacy is crucial in the big data era. Businesses that gather and exchange data need to handle third-party access cautiously, establish strong security protocols, and understand consent.