You can create/delete a common dataspace. Requires APF authorization. 
IMO a dataspace is preferable. 

<snip>Is this possible or feasible from an Batch application standpoint
??

1). Build data (create) into a Data Space or a Hiperspace in 1 Batch
job.

2). Access this data in many following Batch jobs.

3). At the end of Batch cycle, delete #1's Data Space or Hiperspace.

If possible to do, then which is perferable ??  Data Space or Hiperspace
??
</snip>

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