A virtual data solution is one source of truth for enterprise data and allows instant access to applications and analytics without the expense or complexity, and the time required for physical data warehouses and ETL. It combines data from on-premises as well as cloud sources, transforms the data into user-friendly views and gives the data to applications and analytics when needed. With a single repository it can eliminate redundant data replicating and reduces operational cost.
Due Diligence
Both the buy-side as as the sell-side will often need to review documents in order to assess the impact of an M&A transaction. VDRs are the best choice for this type sharing as they provide a secure and organized environment to safely upload, view and review data. In addition, built-in features, such as watermarks, screenshot prevention and customizable permissions can prevent the leakage of confidential data during the negotiation process.
Life Sciences
The use of VDRs is becoming more common in the pharmaceutical industry in order to simplify the management of sensitive information. In addition the demand for this technology has grown for other use cases such as regulatory compliance and clinical trials.
There are many options to choose the best virtual data solution, including their security capabilities and feature sets, as well as their pricing structure. It is essential to ensure that the vendor you choose can meet the requirements of your company in terms of scalability and functionality, and support. Most vendors offer a number of plans with different levels of features and storage capacities to cater to a variety of scenarios, all at a predictable, consistent cost.
https://virtualdatasolutions.blog/data-contingency-plan-as-a-must-have-option-for-all-companies/