Documents were stored in one room or office, necessitating physical travel to that location to review information, make changes, and collaborate. Documents were stored in one room or office, necessitating physical travel to that location in order to review information, make changes and collaborate.įor companies involved in sensitive deals, such as mergers and acquisitions, “throwing boxes at the problem” traditionally came in the form of physical boxes containing actual paper. “Traditionally, IT departments managing capacity-strained data centers would ‘throw boxes at the problem,’ which meant continuously adding physical storage devices.”Īs the amount of information grew, however, throwing boxes at the problem proved to be an unwieldy solution.įor companies involved in sensitive deals, such as mergers and acquisitions, “throwing boxes at the problem” traditionally came in the form of physical boxes containing actual paper. Martin, tech journalist and author of the CIO.com blog Living the Tech Life.Ĭloud storage has become popular because it allows businesses to manage their data storage and analysis costs over time, says Lisa Morgan at Enterprise Storage. Both systems allow for remote access and provide a way to back up files easily, says James A.
Both are designed to facilitate the storing and sharing of files. The Rise of Cloud Storage and Virtual Data RoomsĪt a glance, consumer cloud storage and virtual data rooms look similar in many ways. What are these situations, and when virtual data rooms will do better? Explore the article below. However, the Dropbox data room is an efficient solution in many situations.
Relying on consumer cloud file storage as a substitute for a virtual data room (VDR) may be a recipe for disaster. While tools like Dropbox and Google Drive can work well for day-to-day business, they aren’t appropriate in every situation. Instead of storing, sorting, and sharing paper in a physical conference room, business teams can handle the same information without having to leave their offices. The internet has moved much of our daily business from physical spaces to virtual ones.Ĭloud-based storage options like Dropbox and Google Drive have made it possible for people to collaborate easily across vast distances.
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