One component of this project is development of a Hydro-meteorological data sharing information system called PIFMIS. Main theme of PIFMIS aka knowledge platform is Hydro-meteorological data entry, analysis, and display of flood related information in a user-friendly way.

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"We have, for example, worked to raise awareness of good practice in data handling and information sharing through a series of seminars for organisations with responsibility for handing a variety of sensitive information, " he said.

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LinkedIn is providing more efficient and effective ways of sharing and managing talent management data and information in the cloud.

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With the plummeting cost of storing and transmitting data, sharing information has become much more practical.

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Leader of the Liberal Democrats Kirsty Williams agreed that there needed to be a greater sharing of patient information, however she stressed the need to fully protect this data.

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Others also wondered if users will feel comfortable sharing so much of their data, more messages, more photos, and more location-based information, with the social networking juggernaut.

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However, with an ever growing amount of information about what people are listening to and sharing online, the question arises of whether this data can be used to help pinpoint the next big smash hit.

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But as the cloud resolves issues of data storage and management, and mobile and social technologies allow for easy and immediate information sharing, Big Data now can be crunched and shared throughout an organization, leading to better decision-making and outcomes for all sorts of enterprises.

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