The four tech giants have come together for the development, which would allow users to move data between the different platforms.
In a blog post detailing the exciting new initiative, Google said it would allow people to "transfer data directly from one service to another, without needing to download and re-upload it".
The system's current version will support te transfer of photos, contacts, mail, calendar and tasks, and it draws from publicly available APs from Microsoft, Twitter, Google, Instagram, Flickr, Remember the Milk and Smugmug.
As revealed on GitHub in the white paper describing the project, it's said: "The future of portability will need to be more inclusive, flexible, and open.
"Our hope for this project is that it will enable a connection between any two public-facing product interfaces for importing and exporting data directly."
So far, the majority of the coding has been carried out by engineers at Google and Microsoft, and Google Takeout product manager Greg Fair has revealed the ieda came from a frustration with a lack of a clear way to import data to different services.
He added to The Verge: "When people have data, they want to be able to move it from one product to another, and they can't. It's a problem that we can't really solve alone."