Data exchange refers to the process of sharing information between different systems, organizations, or individuals. This can involve transferring data files, databases, or even real-time information. For example, when a bank shares transaction data with a credit bureau, it helps maintain accurate credit scores for individuals. In today's digital world, data exchange is crucial for collaboration and decision-making. It enables businesses to access valuable insights from market research or customer feedback. By facilitating the flow of information, data exchange helps improve services, enhance efficiency, and foster innovation across various sectors, including healthcare, finance, and technology.