A virtual data solution provides one source of truth for enterprise data and allows instant access to analytics and apps without the expense and time, complexity and effort of physical data warehouses and ETL. It combines data from on-premises aswell as cloud sources, converts the data into user-friendly views and delivers the data to analytics and applications as required. With a single virtual repository, it eliminates redundant data replication and reduces operational cost.
Due Diligence
When it comes to M&A transactions, it is common for both the buy-side as well as the sell-side parties to review documentation in order to evaluate the potential deal. VDRs are perfect for this type of sharing as they provide an organized and secure environment to safely upload, view and review data. Watermarks, screenshot security, and a variety of permission options that can be customized are all built-in features that protect confidential information in the negotiation process.
Life Sciences
In the pharmaceutical industry the use of VDRs to manage sensitive information has become more common. In addition the demand for this technology has increased for other uses such as regulatory compliance or clinical trials.
There are a variety of ways to choose the most suitable virtual data solution, such as their pricing structure, feature sets and security capabilities. It is crucial to ensure that the vendor you choose can meet the requirements of your company in terms of functionality, scalability and support. Most vendors offer a variety of plans with different levels of features and storage size to meet a range of scenarios, all at a predictable, constant cost.
https://virtualdatasolutions.blog/data-contingency-plan-as-a-must-have-option-for-all-companies/
