Data exchange refers to the process of transferring data between different systems, applications, or organizations. This can involve various formats and protocols, ensuring that the data remains accurate and usable across different platforms. Effective data exchange is crucial for businesses to streamline operations and enhance collaboration. In today's digital landscape, data exchange is facilitated by technologies such as APIs and data integration tools. These tools help automate the transfer of information, reducing manual errors and improving efficiency. As organizations increasingly rely on data-driven decision-making, understanding data exchange becomes essential for success.