Cloud Services – New Opportunities in Organizing Effective Management Consulting


Cloud business: development prospects 

In an environment of absolute dominance of multitasking gadgets, in a world where paperwork is being replaced by electronic, the task of reliable storage of large amounts of data is becoming ever more acute. In this regard, cloud services are an attractive and promising market segment. Indeed, for many corporations and ordinary Internet users, data room services have long become familiar.

VDR Functionality

Cloud providers at offer a convenient, easy-to-use service, for the installation of which software packages are not needed. Everything in the cloud is thought out to the smallest detail:

  1. Easy document management. Files of any format are uploaded in a few seconds, the data room index is assigned to each of them automatically, a search by keywords helps to quickly get the desired one from the archive.
  2. Accessibility to users. A multilingual intuitive interface allows people with varying degrees of computer literacy to use the service. Login is possible from any gadget.
  3. Protection of documents. A multi-level access system for the content of virtual data rooms prevents unauthorized access to confidential information. Protective nets and watermarks on documents protect copyrights.
  4. User management. The virtual data room provides the administrator with the opportunity to create several groups of visitors, giving them different rights to use a single database.
  5. Compliance with safety standards. The vdr provider, before starting operations, undergoes the process of certification of the cloud for compliance with international security standards, installs the latest control systems to protect data. This is especially important when conducting an M&A transaction.

The M&A data room provides investment banking transaction security. Clients do not need to install additional software for the data room – this is a significant plus of the cloud.

Tips for a novice data room provider

The business model of a newcomer to the cloud business should consider several key factors:

  • A systematic analysis of the competitors’ market in order to find reserves that were not taken into account (a new target audience, a unique range of services);
  • Familiarization with labor market statistics (when choosing potential users, you should not focus on professions that may disappear in the coming years);
  • An individual approach to each client (depending on who the user is, you need to focus on the volume of the cloud: the financier will need more space than a simple freelancer).

It is also important to assemble a team of professionals. The client should receive a competent advice on the issue of interest to him, and managers should not “transfer” the user to each other. Each employee should be sufficiently competent to understand all the intricacies of the system.

Due diligence data rooms are gradually expanding their scope of application, so this can be a successful project for a businessman.