A virtual data solution provides one source of truth for enterprise data, and allows it to be instantly accessible to applications and analytics without the cost or complexity, and the time required for physical data warehouses and ETL. It combines data from on-premises as well cloud sources, transforms them into a business-friendly view and provides the data to applications and analytics when required. With a single repository, it eliminates redundant data replication and reduces operational expenses.
Due Diligence
Both the buy-side as well as the sell-side are often required to look over documents to evaluate the merits of an M&A transaction. VDRs offer a safe, organized environment for uploading, examining and reviewing data. Watermarks, screenshot protection and customizable permission options are all built-in features that help to prevent the leakage of sensitive data in the negotiation process.
Life Sciences
In the pharmaceutical industry, the use of VDRs to manage sensitive information has data contingency plan become more widespread. The demand for this technology is growing for other applications such as regulatory compliance, clinical trials and other uses.
There are many methods to select the best virtual data solution, such as their pricing structure, feature sets, and security functionality. It is essential that the vendor you choose is able to meet your company’s requirements in terms of performance, scalability and support. Many vendors offer a variety of different plans with varying levels of features and storage sizes to meet a range of scenarios, all at a predictable, constant cost.
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