A virtual data room is a service that allows you to store files in a secure space and work with them. The capacities of servers in VDR allow for complex and voluminous manipulations with data. Also, you can organize deals, hold online meetings and even conclude resolutions here.
Data security in virtual rooms
We actively use VDR services for work and personal tasks. For example, the “smart home” system collects information and stores it on remote VDR servers, projects are stored in application repositories, and information on costs and the prime cost is stored in the enterprise management system. All this is our data, which is unique and highly valued.
An important principle of cloud work is that the user’s information belongs only to him. Therefore, self-respecting VDR services allow customers to export data and leave the platform at any time. But not everyone does this. Therefore, before settling on a cloud service, you must study this issue.
VDR services are constantly working on the security of customer data by introducing new protection tools. But the professional community has not yet come to a consensus about reliability. The only obvious thing is that virtual data rooms are significantly more secure than standard cloud storage like Google Drive or Dropbox.
VDR instead of local software
VDR services have made our lives easier. Devices have even appeared on the market where only browsers are installed, and the rest of the software is available from the cloud (for example, a Chromebook laptop).
Not surprisingly, virtual data rooms have recently experienced an unprecedented boom. In 2019, the profit from selling services under this model worldwide increased by 26% compared to 2018.
In 2020, the development of VDR was affected by the coronavirus pandemic and the transition of many companies to remote work. As a result, key cloud giants doubled their revenues within a year, and by 2025, the value of the entire cloud technology market is projected to double.
It may seem that the virtual data room is a rather expensive technology. However, it is not. There are dozens of different providers that provide VDR services. Some are targeted at the big market players, but some sell virtual data rooms for small businesses for $100-$200 per month.
However, if the scopes still can not move into the virtual data rooms. For example, professional work with sound and video is still carried out on local software – a sufficiently powerful cloud service has not yet been created for this purpose.
Experts predict that for the foreseeable future, virtual data rooms and physical media will work in tandem, and we will be able to choose when it is more convenient to use local software and when it is more convenient to use subscription programs.