Data Rooms: Confidential Data Sharing Made Easy

Many foreign leading companies, in order to ensure better competitive positions, involve innovative technologies in their own business models. One such business model is the data room provider, which will be described in the article below.

Confidential Data Sharing with the Virtual Data Room Provider

As a result of changes in processes and the introduction of new information systems and technologies, the IT infrastructure of almost every company becomes inefficient: the number of connections between various automated systems and their complexity grows exponentially, there is a double entry of information, discrepancies in reference information and many other problems leading, ultimately, to a slowdown in processes and errors in operational, tactical, and strategic decisions.

Confidential information may vary from organization to organization. Organizations working with state secrets are the first to come to mind, but in practice, unclassified information also has to be “secret”: personal data of employees and customers, information important for doing business, developments, and projects for which a patent has not yet been obtained, and other data that are valuable because of its obscurity to a wide range of people.

As a result, the number of customers, partners, and other interested parties of the organization that uses virtual innovations and creates grounds for forming competitive advantages based on VDR ideas is increasing. The virtual data room app developers who want to serve ads, measure ad performance, or share data with data brokers must obtain user permission before tracking information about the user or device.

Share data within or outside your organization with one of the most popular data rooms in Brasil (available in preview):

    • Easily share data in place without duplication.
    • Access shared data in near real-time.
    • Centrally manage data sharing.

How to Make Confidential Data-Sharing Easy?

Personal data is any information that allows you to identify a specific person. The simplest examples are first and last name, date and place of birth, phone number, home, or email address. Personal data includes all information about marital status, income, education, and profession, a description of professional skills, and an assessment of the work of an employee.

The VDR market is rapidly changing: due to the economic, political, and epidemiological situation, the emphasis in many industries has shifted from the international level to the domestic one. Both large vertically integrated holdings and state corporations are extremely active, especially in the markets that the state has taken on structuring. Besides, before organizing an information security system in an enterprise, it is necessary to determine the basic rules for information security in the company and then systematically develop local legal grounds and implement them. The action plan might look something like this:

      • Determining the categories of information to be protected.
      • Regulation of the protection of confidential information in the organization.
      • Organization and technical support for the protection of confidential information.

By default, each document uploaded to VDR is available only to its creator and no one else (including us). You can expand access within the system and change the assigned roles. Each time a document is opened by a unique user, a new tagged copy will be created. It is also possible to generate an unlimited number of unique copies and send them to other users by mail or print, for example, for an event.

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