https://deliberatedomain.com/data-formats-for-analytics-and-visualization/
A data room is a safe platform for online document storage that can be utilized for sharing and exchanging confidential documents. It is typically used during the due diligence process of an acquisition, but it is also increasingly used for other reasons, such as business restructuring and fundraising.
Data rooms are designed to make it easier and support the due diligence process. They allow companies to share sensitive documents with potential business partners and investors in a secure, easy and user-friendly environment. They can be used to facilitate various business transactions that include mergers and acquisitions (M&A) and joint ventures, capital raises, restructuring, stock market listings, and debt financing.
Users can be invited to join based on their contribution or role in a project, using an array of pre-defined email addresses. The user may be granted or restricted access to particular folders, documents or the entire content of the data room. This ensures that only those with the right to access the data can do so and helps to stop unauthorised sharing. User audit trails for each user are made available to ensure that all can track who has seen what information and when – crucial for legal reasons.
Secure features include watermarking access based on role, role-based access to, security scanning for viruses and encryption of data. The system can be set up to meet specific compliance standards in the biotechnology, legal, and medical industries, including ISO 27001 and GDPR, GCP and HIPAA. This can increase the efficiency of the system and decrease operating costs.