The VDR market and the programs guaranteeing secure data sharing or online data storage are being under uninterrupted development. Novel and breakthrough solutions appear on the regular basis and find practical fulfillment in the new products: the one has to keep an eye on the latest tendencies in order to grasp what the market is capable of offering today and what kind of comfy tools he might expect to appear in the nearest future.
AI to Reshape the Industry
Lately, artificial intelligence and machine learning are being treated as the ones that would reshape the traditional data keeping. Today, shielded Internet-based depositories and virtual data rooms have the image of functional and efficient venues for deal-making and simple files keeping. Nevertheless, the infrastructure of such depositories is not that easy to manage as it requires a qualified team of specialists and supervisors operating on multiple levels: from the program design to the clients’ support.
As the volume of information stored in Web-based repositories grows the question of its management becomes more acute. In some cases, a number of documents involved in a selected project might be a problem for the partakers: it could happen that it would be hard to scale the data, to systematize it, and to make it accessible easily. AI might become a rescuer and solve these troubles.
The truth is simple – the big deals are the sources of big data AI can cope with. The more files artificial intelligence has to scan – the faster it learns and turns into the more productive assistant. It means that the AI applied within the complex projects not only help to simplify the data processing and speed up the deal execution but also make AI develop.
If fact, machine learning helps to accomplish deals more productively as the data is managed more efficiently: the right utilization of machine learning allows the vendors to reduce the number of administrators needed for the management of a repository. In a long run, there would be no need to manage data centers and one supervisor would be able to deal with much more servers than he takes care of today. The estimations show that the number of servers per administrator may mount from 500 to 20 thousand.
Hence, owing to the AI data-keeping and managing is gradually turning in an automatic and self-driving procedure. As fewer efforts and less time are required for the supervision and processing of information, the funds and assets of the deal-makers and the electronic data room vendors could be relocated and applied more efficiently. Meanwhile, the vast utilization of the machine learning would lead to the growth of the information that needs keeping and processing: the more AI knows, the more it is capable of doing inside the data centers, and the more of its actions are recorded in order to become the basis for the further development.
New Possibilities of Google Drive (Online data storage)
On the conference in San Francisco Google made a series of crucial announcements considering Google Drive. All of them are aimed at simplifying the exploitation of a service on the level of a corporation.
From now on, the files uploaded to the company’s cloud can be accessed via other devices connected to the cloud: placeholder files would be visible disregarding the fact whether they were downloaded.
Google presented a Team Drive feature which allows the creation of group folders within the repository. This brand new type of groups is characterized by the absence of one user in charge and is equally accessible to all the group members. It means that even in a case one participant leaves the team the rest still enjoy the access to the files.
Vault for Drive is another innovative feature introduced by Google: a set of instruments makes the retention of information possible and facilitates the procedure of bringing the online data storage for files to be stored inside the repository in adherence with all the legal policies.
Lately, Google acquired AppBridge which is supposed to assist companies in their intention to switch to Drive. If the deal-maker keeps the files in another depository AppBridge would smooth the transition out.
The enhancements and the wider spectrum of possibilities underline the fundamental strategy of the company: Google Drive does its best to compete with its key contenders – DropBox and OneDrive by Microsoft – and to fight for the leading position in the cloud storage market.