In the present society, information is treated as one of the most valuable resources and its
importance has increased manifold in the networked digital environment. No doubt, the
developments in the field of IT have facilitated the sharing of information from one knowledge
domain to another, but the difference in terminologies acts as communication barrier and
impedes the free flow of information. Various terminological and lexical databases have
been developed to help the professionals; however, the problem of data interchange/
exchange across different platforms still persists. This paper gives an overview of MARTIF
and OLIF, the tools for platform independent terminology exchange/ interchange.