A space is a secure area created by an Administrator, in which members can acquire, prepare, and model data. The Administrator allocates disc and in-memory storage to the space, set its priority, and can limit how much memory and how many threads its statements can consume.
If the administrator assigns one or more Space Administrators as members of the space, they can then assign other members, create connections to source systems, secure data with data access controls, and manage other aspects of the space.
Spaces are virtual work environments with their own databases. Spaces are decoupled, but are open for flexible access, thus allowing your users to collaborate without having to worry about sharing their data. To model your data and create stories, you need to start off with a space. You can decide how much and what kind of storage you need, as well as how important your space is compared to other spaces. You also add space members and set up connections here. Do you already have transformed data that you would like to access through SAP Datasphere? Or maybe you have data in SAP Datasphere that you would like to use in other tools or apps. In this case, you can set up an open SQL schema or a space schema.
Leveraging SAP Datasphere Spaces, information can be shared among departments. The share concept also helps to achieve this. Master data only needs to be modeled once and can then be used by several departments.