Read our series of Marketplace Spotlight articles with the people who are making the Yocova platform come alive. This time, hear from Bakhyt Weeks, Head of Growth at Clinked on how Virtual Data Rooms (VDRs) offer the ability to create a secure, flexible and sterile corridor between internal teams and/or external partners.
If Virtual Data Rooms are employed intelligently, they can significantly accelerate development lead times and therefore become a valuable asset to your business. So says Bakhyt Weeks, who tells us why they should be a natural go-to for everyone in the aviation sector.
VDRs can deliver meaningful benefits
The world runs on data, primarily delivered over the internet, and the secure exchange of information has become crucial for every business. But, as we all know, the internet is vulnerable to pernicious cyber-attacks.
What we crave is a secure platform through which sensitive information can be shared, debated, and stored discreetly. This is why virtual data rooms are becoming an increasingly popular option across a multitude of sectors, including the aviation industry.
Essentially VDRs are high-security collaboration and communication spaces.
It is where sensitive documents can be shared, where the risk of over-sharing, leakage, and access by unauthorized individuals is eliminated. They ensure confidential files remain confidential – in that respect, they provide the same security as an actual, physical safe.
A VDR is locked – and there is only one way in and one way out. You can also tier access, such that you can control who sees what and when. Moreover, VDR access is granted only by the person you designate, someone who literally ‘owns’, and is responsible for the day-to-day management of a specific VDR.
What can VDRs deliver?
- Secure information storage – VDRs provide a secure, centralized location for sensitive documents and information, which helps to reduce the risk of data breaches and unauthorized access
- Easy collaboration and communication – VDRs facilitate collaboration between various stakeholders such as investors, lenders, regulators, suppliers, and partners by providing a secure platform for real-time communication and document sharing
- Streamlined due diligence processes – VDRs simplify and streamline the due diligence process, making it easier for organisations to manage complex interactions, transactions and negotiations
- Improved efficiency: VDRs eliminate the need for physical data rooms and can help to reduce the time and resources required for document management and information sharing
- Access from anywhere – VDRs allow only authorized users to access important business-critical information from anywhere in the world, at any time, as long as they have an internet connection and vetted access permissions
- Use cases applications – VDRs can be employed to help facilitate supply chain management, M&A and due diligence, technical, and IP data sharing
Bank-grade security and compliance protocols
When sharing high-value information, you instinctively want to have a safe and secure ‘mini-universe’ within which to protect it. VDRs can provide precisely that sort of space, allowing you to confidently exchange, organize, and store any confidential information that you need, in a carefully caged framework that is virtually immune from external intrusions.
VDRs improve compliance by providing secure document storage, controlled access, audit trails, real-time monitoring, and automated workflows.
Data privacy assessments can accompany the data to understand the exposure risks and provide any tools needed to mitigate them.
But in order to create VDRs that deliver that level of security and flexibility, you need to choose a partner that not only has the tools to help you do so but the experience and know-how to ensure you get the very best out of the technology.
As one of the leading data room providers, we at Clinked, are ISO 27001 certified, and we think we should be a genuine candidate for your business.
Not only can we create VDRs, but we can also help you and your colleagues get the very most out of the protected environments VDRs create. We also use Amazon Web Services (AWS) for hosting data centres for public cloud solutions, which are ISO 27001, SAS70, PCI, FISMA and FIPs certified. Clinked is also an approved supplier to the UK government, and we are a proud member of the official G-Cloud framework.
Easy collaboration and communication
A Virtual Data Room can streamline the information collaboration process, so aviation employees can create new projects and involve the correct people in a confidential, efficient manner. A VDR like the one Clinkedoffers has a vast amount of storage, so when the documents are completed, they can be filed and stored in real time within the closed environment. This in-built organisational feature helps prevent the loss of sensitive information too. Within the Clinked VDR, members can also have secure project discussions and chat one-to-one and/or one-to-many.
Furthermore, a range of task management features will help ensure that individual duties and responsibilities can be assigned to the correct people within your aviation organisation.
VDRs also allow the monitoring of specific metrics and actions to ensure all activities associated within a project are scheduled and completed on time. Accurate project workflows, and thereafter well-informed strategic/tactical/commercial decisions, can also be made with confidence from these reports. Facilitation of projects through a secure platform can be essential for task completion in organisations such as airlines, MROs and OEMs.
For more information, to contact or collaborate, contact Bakhyt Weeks on Yocova via her personal profile.
You can also find out more about Clinked on their Yocova storefront.
Author: Bakhyt Weeks, Head of Growth, Clinked
Published 21st March 2023
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