A virtual data room is a cloud-based technology that allows you to store documents, perform calculations, and perform development. Cloud storage is also used for M&A Transactions and due diligence, providing a convenient alternative to standard physical data rooms.
Are cloud services evolving?
Today, one of the key conditions for business development is continuous access to information. Unfortunately, there are many threats to corporate data, from natural disasters and IT system failures to cyberattacks and supply chain disruptions. Traditional approaches to disaster recovery of IT infrastructure, Disaster Recovery, require maintaining a remote site with expensive IT equipment that only very large and wealthy organizations can afford. The service model – DRaaS – is an affordable, flexible and convenient alternative to the classic DR methods.
According to the data obtained, increasing the reliability of the IT system for most customers is the main reason for using cloud services. This was indicated by 94% of companies using such services. As a result, the demand for cloud backup and recovery services (BaaS, DRaaS) is steadily growing. P
The BaaS segment is growing by an average of 20% per year, yielding about two times in terms of growth to the DRaaS detail, which, having become available to customers two to three years later, quickly gained popularity. Among the main categories of potential new consumers of the DRaaS service are almost all users of IaaS services and companies whose business is most affected by interruptions in the operation of IT services, and there are more and more of them during the transition to a digital economy.
Hybrid Data Rooms for M&A Transactions
Recently, there has been a clearer transition trend from private clouds to hybrid ones. In this case, some of the company’s IT resources are hosted in the public cloud, while others are hosted in the private cloud. Due to the first, spending on communications and organization is reduced, and the second, the level of security is increased. Thus, the resources of the company’s cloud and the operator are organically combined in a hybrid cloud.
Benefits of a hybrid cloud:
- A hybrid cloud is an ideal environment for development and testing with the ability to secure existing infrastructure from failures when testing new IT products.
- Easily scalable infrastructure: the ability to expand the used capacity at the expense of external resources.
- Optimal distribution of resources (a kind of buffer at high loads), while the client does not have to overpay for them due to using a public cloud.
- Simplifying the local structure, reducing the load on the private cloud, and increasing the level of reliability of the IT infrastructure as a whole.
- Guaranteed technical support from cloud provider specialists.
- The flexibility of the structure allows you to increase mobility and speed of response to business requests.
- New services initially tested in the public cloud can later be migrated to the private cloud.
- The ability to combine large workloads with a high level of protection.
- Maintaining access to data (due to the private cloud) even in case of problems with the operator.
- Optimization of multi-cloud management and data redistribution between data centers.
All the data must be with the client, but there is a full backup to the cloud, from which the necessary is retrieved in case of problems.