Federated data network

A federated data network is a system where multiple organizations or devices collaboratively share and analyze data without exchanging the actual raw data. Instead, they keep their data locally and only share insights or aggregated results, maintaining privacy and security. This approach allows for broader analysis and insights across the network while respecting data ownership and confidentiality. It’s like different libraries sharing summaries of their collections to identify trends without revealing the full contents. This setup is useful in fields like healthcare, finance, or research, where data privacy is crucial but collaborative analysis is beneficial.