There are many options in this digital age that is driven by data when it comes to storage options for your valuable files. Cloud storage and virtual data rooms are two popular choices, however there are distinct differences in the features that each can offer.

Choosing between a VDR and a cloud storage is a crucial choice that will affect the security of your data. VDRs are utilized to manage data and file sharing during crucial corporate processes, such as due diligence or M&A. Cloud storage is focused on providing a range of online storage options for files. Both have their own benefits but it’s essential to understand the differences between them to make an informed decision that aligns your business needs.

VDRs provide advanced physical and online security measures that aren’t often accessible in cloud storage. These features include bank-grade encryption, compliance certificates and the ability to set granular settings. They also let users keep track of their activity in real-time and even have documents electronically destroyed if they’re downloaded to a device that has been compromised.

Picking to use a VDR for your business is a far more affordable solution than purchasing and installing hardware in a dedicated data center. Moreover, most providers provide a variety of subscription options to accommodate your needs. In addition, the majority of vendors permit users to upgrade their storage at a cost per month when their free space runs out. Despite this the freemium pricing model of many online storage providers provides users with no control over their data’s location and the responsibility to control security to the shoulders of the service provider.