Bridging the Data Divide: Secure Sharing and Governance for Effective Cross-Agency and Industry Collaboration

Abstract

Collaboration between public and private sectors is essential in today's complicated environment to tackle issues like financial crime and public health crises. Interoperability problems and complex data governance requirements are obstacles to safe data exchange, an essential part of this kind of cooperation. This study delves into the topic of safe data sharing methods that allow for collaboration between commercial companies (such pharma and fintech) and federal, state, and municipal governments. Data standardization and access control are among of the issues discussed, with examples from the pharmaceutical and financial technology industries to back up the claims of effective solutions. To overcome the data gap and harness the potential of industry and cross-agency cooperation for mutual benefit, this study argues for strong data governance frameworks and interoperable technology