Data is the key competitive edge of any business. It's critical to be able to gather, store, and analyze data efficiently to make informed business decisions. At the enterprise level, data is sourced from many different areas and processes. A conflict-free exchange of data is important. Amazon Web Services provides a strong cloud ecosystem with a wide range of applications to manage data from storage to analysis. The AWS Data Exchange feature handles third-party data exchange securely.
To simplify and secure the process of transferring data, AWS Data Exchange provides options for both subscribers and data providers. Data Exchange is especially useful while performing AWS cloud migrations, as it doesn’t require any additional infrastructure or third-party tools. Here is a list of key features of AWS Data Exchange.
Subscribers have access to a vast catalog that contains commercial, free, and open data product information provided by industry data providers. Subscribers can choose the appropriate product and easily get access to it. Subscribers can get access to updated information of each data provider.
Subscribers can effortlessly make use of AWS analytics to extract deep insights into data stored in the AWS data lake. Also, subscribers can quickly move data to AWS S3 to be further analyzed by AWS machine learning (ML) tools to build ML models.
Data providers in various industries are continuously updating their data, and with AWS Data Exchange, subscribers don't have to manually check for updates. Instead, subscribers get updated data automatically using Amazon CloudWatch as soon as data updates are published. Subscribers are always up to date with the latest data published by providers.
AWS Data Exchange offers wizards that facilitate the registration process to create a profile and complete the entire process. Once registered, AWS contacts the data provider to qualify them, and once confirmed, the data products will be made available in the catalog, by adding it either on-premise or via S3 buckets.
Data providers can make their data products available for free or for subscription. If it’s for a subscription, AWS Data Exchange requires a user agreement. Data providers can also share personalized or negotiated prices to any subscriber.
Using the AWS Marketplace Portal, data providers can get detailed reports about data product subscriptions received. The reports are also emailed to data providers on a monthly basis.
Using the Subscription Verification option, data providers have full control of what subscribers have access to. This way, data providers can be assured of data compliance.
To ensure security, AWS Data Exchange encrypts data using Secure Sockets Layer or Transport Layer Security.
By integrating with AWS CloudTrail AWS Data Exchange allows providers and subscribers to audit API calls made by a user or account.