UGM Tech

Business and Technology Blog Run by UGM Students

The rising importance of agriculture

Although agriculture seems to be at the bottom of the food chain of sought-after education, it is an important field of study that is often overlooked by most. It is also more complicated than people think. For example, U.S. agricultural production includes farm financial well-being, farm income and expenditures, chemical use and farm and ranch characteristics that needs to be taken care of. Here are five reasons why you should consider studying agriculture:

 

Range of opportunities

You are sorely mistaken when you associate agriculture with just farms because it’s much more than that. Agriculture graduates can work in a range of job opportunities – in farms or food retailers, suppliers, even work in research and technology, consultancy, education, marketing or the media. Jobs in agriculture can include but is not limited to research scientists, bankers, policy developers, marketers, stock and station agents, shearers, journalists, etc.

 

Most agriculture students were drawn to their major because of their interest in food, nutrition animals or engineering, but their expertise in other topics can be applied as well. For example, you can apply your business management knowledge to create a vertically integrated supply chain or thinking of international agriculture opportunities to expand your country’s agriculture sector. There is also something called agribusiness banking, you should check it out.

 

Technology & Innovation

As an industry, agriculture is constantly changing to keep up with the increasingly fast-paced environment. Technology can be used to help improve profitability, reduce costs and increase overall production to fulfill everyone’s needs. The use of new technology and innovative ideas keep students on their toes, and when they are out on the field, they have to adapt quickly to whatever situation they are placed in. Food insecurity worldwide can be reduced by providing education and infrastructure for family farms.

 

Going local

Not only will you be in charge of educating future generations on what they eat and how they grow them, you will also be encouraging people to go local. There are also a number of issues that needs further awareness such as water use and preserving water supply for future generations. There are also other concerning issues such as declining farm numbers, increasing farmer age, and the sexist farmer ways. Although farmers are thought to be mostly men, women can be farmers too. Climate change, market volatility and reliance on subsidies also affect farmers’ incomes. That is why the importance of buying home grown foods should be spread around as it will help increase local farmers’ share in the local marketplace and keep farming profitable.

 

However, for one to pursue agriculture studies, it could cause a rip into your wallet. Especially a farmer’s child hoping to gain more knowledge from studying. Until the government figures out a way to subsidize agriculture studies, you should probably look into scholarships in agriculture.

7 In-Demand Engineering Jobs of the Future

Following massive strides in innovation, science and computing, engineering graduates worldwide can hope to stay immensely sought-after in the next decades. Engineering is universally recognized as one of the most profitable and in-demand career options, with various disciplines and job responsibilities, with salaries that can surpass $100, 000 per annum once you have got a decent amount of experience under your belt.

 

Here are the five most popular, in-demand, engineering careers that you should consider getting into:

  1. Software Engineering:

With the ascent of cloud innovation and mobile computing, most brands are figuring out how to operate digitally, while growing new frameworks and applications. The software field is a rapidly advancing space, liable to deliver exciting career openings and high pay rates for engineering graduates with cybersecurity abilities and mobile expertise.

  1. Aerospace Engineering:

With an expected worldwide demand for more than 27,000 new passenger planes and 40,000 business helicopters from 2013 to 2031 and quick progressions in aviation innovation, the sector will proceed to develop and produce high compensation jobs for graduates that display specialized expertise in aviation framework and critical thinking.

  1. Civil Engineering:

Infrastructure needs increase with the steady growth in population. Critical areas in this sector will incorporate the upkeep and development of new roadways, the administration of water supply, waste filtration and real estate development in urban spaces. One of the key advantages of Civil Engineering is that it continues to be recession-proof. In a solid economy, structural designers and civil engineering assemble new infrastructure foundations, while in a recessed economy, they repair existing ones.

  1. Environmental Engineering:

Environmental pressures and financial trends will create a massive for engineers to apply their insights from natural sciences to produce new and improved solutions in air and water contamination, recycling and reuse, waste administration and environment-friendly energy. With a high median compensation, a potential for growth and the chance to work with cutting-edge innovation to actualize critical change, Environmental Engineering holds a promising future.

  1. Biomedical Engineering:

To address the issues of growing population across the globe and rapid innovations in medical technologies, including 3D printing and small-scale electro­­­-mechanical systems, there will be an increase in demand for biomedical specialists to enter the workforce and propel the field of medication.

  1. Electrical Engineering:

While most of the electrical engineering jobs require outlining, experimenting and overseeing the production of electrical equipment,  some of them consist of planning electronic schematics for industrial and buyer use. Freshly-graduated electrical engineers are expected to have an average starting salary of $57,330. Employment increase in this domain is anticipated to be approximately 6 percent.

  1. Chemical Engineering:

Chemical engineers can launch their career from production & manufacturing plants to technical trades & business management. The demand for chemical engineers is supposed to be fairly flat in the coming years, however, job growth in closely-related fields is expected to be relatively faster, if the US Department of Labor is to be believed.

The average starting salary for chemical engineers is around $94,000 annually. While most Chemical Engineers are typically employed in manufacturing and research, they not only work for chemical corporations, but also successfully delve into the production of electronics, apparel, paper, medication, and food to name a few.

The mindset of a winning trader

Whether you trade in currencies or commodities or whether you are hoping to cash in on your recent investment in the Compass Group’s compass share price, you need to be aware of one thing.

A significant contribution to success for any trader/investor is understanding psychology. You may be smart, perform excellent market analysis or put together great trading strategies.

However, your discipline, as well as emotional stability (being in control of fear and greed), will be a factor in determining your success or failure.

Several traders may use the same approach to trading but the successful ones will (more often than not) be the ones with strong willpower and mental grit.

As a trader, it’ll be your beliefs and psychological traits that determine the types of results you can achieve and will also influence your style of trading.

Even if a trader’s strategies and techniques are popular and have been proven to be profitable, he/she may not prosper from them simply because he/she may be lacking the right kind of mindset.

An essential step in dealing with psychological issues is to be aware of them and to not deny that they exist.

This is what psychologists get their patients to do in order to heal. It is important to recognize the sources of problems and understand the issues that they emanate from.

Similarly, in order for traders to change their habits and become profitable, they have to identify their psychological issues and face them head-on.

This can take a lot of time but having commitment, discipline and persistence are also important parts of a successful trader’s psychological makeup.

There are a variety of psychological issues that a trader may face when trading. This may cause problems that can hinder a trader in his/her path to profitability and success.

Here are some common psychological pitfalls and what can happen if they are not acknowledged and dealt with effectively:

Prematurely closing a position

Due to the fear of position reversal, a trader may get overwhelmed by anxiety when opening a position. This will lead them to exit the trade too early which can then lead to disappointment. This disappointment might drive them to impulsively open yet another bad trade (this is also known as revenge).

Putting a limit on profits

A bad attitude to go into trading with is poor self-esteem. This may cause a trader to feel unworthy of profits or success. Such an attitude can cause the trader to put too much of a limit on profits when a lot more could have been made from a particular trade.

Too much excitement

Do not let excitement get the better of you. It will make you feel like you have control over the markets and this may cause you to treat trading as more of an addiction (similar to gambling).

In order to deal with these and other psychological issues, there are several practices that you can implement. Here are some of them:

Control emotions

One of the biggest challenges a trader may face is having too much of an emotional attachment to each trade. Whether in the form of excitement or fear, unreasonable decisions may result from this issue. Do not let your emotions cloud your rational thinking.

Be positive

In addition to controlling your emotions, you have to fill your thought process with positivity. The way you think can have an effect on outcomes. Train yourself to feed your mind with positive thoughts.

There are a ton of ways in which you can deal with the psychological issues that may be holding you back from your trading success.

It is also important to keep practicing and to be patient.

Take as long as you need with your demo account before going live and do not rush into it as there are risks involved in trading. Stay sharp!

 

If you would like to further the discussion on this topic or to have your work published, we’d love to hear from you.

3 Easy Ways to Drive Traffic To Your Website

When you’re starting a business, it can be easy to forget just how important it is to drive consumers to your website. However, sales are increasingly influenced by websites, according to Statista, meaning there’s no time like the present to create a stunning website design and encourage users to come on by.

Now, gathering consumers from the far corners of the Internet and directing them to your website may seem like a huge undertaking, but there are actually many tools and tactics that can help you achieve this goal. Below, we broke down 3 easy ways to drive tons of traffic to your business’s online destination with minimal muscle and ultimate rewards.

 

1. Retargeting
In short, retargeting is a process that drops cookies on a user’s browser when they visit a website. These cookies in turn will show them ads for the website that they were previously on, encouraging them to return to the site for content make a purchase, or another similar CTA. If it seems a little invasive, well, that’s kind of because it is. But hey, it’s darn effective (and users have the option to clear their cookies).

Google Ads is probably the best place to start if you’re hoping to start a retargeting campaign. Plus, it integrates seamlessly into Analytics, Search Console and your other tracking programs, making monitoring your site’s traffic even easier.

 

2. Email Marketing
It’s easy to dismiss email in the age of social media, but alas, email is alive and well. What’s better? About 75 percent of companies report that email marketing provides them with a strong return on investment. Translation – it’s inexpensive AND effective.
The key to creating a successful email marketing strategy is to:
1. Make a consistent schedule
2. Show value to your subscribers in every email

Take Banana Republic for example. From the very second you land on their homepage, you see a strong call to action outlining the benefits of signing up for their newsletter. If you complete that action, not only will you get that discount, but you’ll continually stay in the loop about upcoming promotions.

Other ways to implement this same idea include access to exclusive interviews if you’re a media site, specially curated reports if you’re a professional service, or teasers on upcoming products if you’re a more traditional store.

 

3. Social Media
Creating a basic social media strategy is one of the easiest and least expensive ways to drive traffic to your website. Whether you’re promoting products, building a brand identity with blog posts or simply out engaging users, social media is a tool you should be using daily.

However, there are plenty of tools that can boost social media’s reach. Utilize a management system such as Hootsuite or Sprout Social to manage your community more closely, track competitors and schedule posts in advance. Then, test the waters in paid social media ads. Most platforms make this very simple, and in fact, Facebook has an entire business platform that makes targeting the right demographic even easier. Still not sure where to start? Try enlisting a social media marketing agency to help.

 

Conclusion

If you’re hoping to drive more traffic to your website, don’t let fear of a seemingly big task scare you off. Instead, start with the easy steps below. Once you master those, you’ll be able to grow your marketing tactics – and your business – in no time!
● Start a retargeting campaign with Google Ads
● Create a consistent and valuable email marketing tactic
● Invest time (and money) in both organic and paid social media

 

If you would like to further the discussion on this topic or to have your work published, we’d love to hear from you.

TrackMySubs Helps Customers Track and Manage Their Subscriptions and Save Money

TrackMySubs helps consumers stop wasting money on unwanted subscriptions and know exactly how they are spending their money.

TrackMySubs’ founder and CEO Gabe Alves knows all too well how costly subscriptions can be. After a 30-day trial with Dropbox, he was automatically charged $850 on his credit card for the $70 a month subscription. Alves was frustrated at how easily he had forgotten that payment would be due. He decided to look more at his business finances and found another $215 in spending on subscriptions he had forgotten was being taken out monthly.

Alves’ goal was to create an easy-to-use system that was built to manage subscriptions – one where he could add in each new subscription and set default reminders. Alves is not alone in his challenge to remember the cost of subscriptions and renewals. In the world of “subscribe to everything”, the ability to turn services on and off is incredibly convenient, but it can come at a significant cost.

According to Moneywise, people in Britain waste an estimated 448 million pounds a month on unused subscriptions. Americans are just as bad, spending on average $512 per month on redundant subscriptions, according to an article in CNBC.

Keeping track of wanted subscriptions is hard enough, but for those who simply forget or haven’t gone through the hassle of cancelling, it’s just wasted money. Companies are developing incredibly inventive ways to keep revenue from subscriptions rolling in. In fact, literally hundreds of millions of dollars are being poured into companies like Zuora, Chargify, and Recurly. They have one main goal: manage subscribers for other companies with the clear goal of making more revenue from subscribers.

“It’s not that habit-forming applications are bad – in fact many of them want to help their customers by forming good habits such as meditation and fitness,” says Alves. “But paying customers should be aware of these techniques. They need to understand what is happening, so they can make clear choices instead of being influenced by addictive behaviors and clever tech.”

Alves built TrackMySubs to level the playing field and help consumers know exactly how much they’re spending. His company has the core mission of helping users save money by tracking and taking control of their subscriptions.

It’s not lost on Alves that TrackMySubs is also a subscription-based service. He admits, “The irony of our product being a subscription is not lost on us – a subscription model enables us to be viable. Our position here is not that subscriptions are bad, but they should be provided to the customer in an ethical and transparent manner.”

Until consumers have the tools and knowledge to recognize this, Alves believes consumers will continue to spend millions on services they don’t need.

 

If you would like to further the discussion on this topic or to have your work published, we’d love to hear from you.

Do you need a VPN for your Phone?

Phone VPNs are becoming more popular nowadays, but many are still in the dark as to why one might need to protect their data while they are using a device as personal as a mobile phone. People generally view VPNs as an identity blocker and a phone being an extension of almost every individual should reflect as its owner. However, it is important for all users to have a VPN on their phone and here are three reasons why one should connect to the internet via a virtual private network and one reason as to why one might choose not to.

1. To secure your connection

People oftentimes connect to the first free available network they can find and usually, it should not cause for reason to panic. However, if one is using that session for work purposes, the might find the information compromised by a third party without realizing it. Depending on one’s nature of work, it might be a reason for concern. Using a VPN encrypts the data and makes it indecipherable but if one were determined enough, there might be ways to decrypt the code but it is usually difficult and inconvenient. Using a VPN wards off potential hackers.

2. To protect your data

A phone is used in personal ways and also handles your sensitive information, such as passwords and banking details. If someone were to hack into another person’s phone, they might peruse the information they have downloaded and commit identity theft and other such worries. They could con your Facebook friends or people in your contacts through blackmail or run of the mill cons such as, “please bank in x amount for me, it’s urgent”.

3. To access country-specific websites

 

Sometimes one runs into an error depicting that the content is not available in one’s country but that can easily be fixed with a VPN and choosing a server from a country that the content is available in. This gives users a sense of control and freedom.

4. However, one might experience various downtime

 

Depending on where the server is located and depending on one’s default internet speed, one might find that the speed at which streaming was available is notably slower. Furthermore, there are websites that actively block VPNs such as Netflix, as they are quite stringent about the licensing laws present in every country and do not want to breach them. However, one might still find a VPN that works with the company, but it is not a long term solution. Netflix is notorious for finding various VPNs and blocking them, therefore forcing users to abandon them altogether or find a new VPN company.

That being said, before signing up with just about any provider, one should do ample research on whether they collect your data and sells it anonymously or not – which many see as a breach of confidentiality, since the point of using a VPN is to protect all data – and whether one is bothered by such matters.

 

If you would like to further the discussion on this topic or to have your work published, we’d love to hear from you.

Five ways in which technology is transforming education

We are currently living in an era of disruptions, with technology changing at a rate never witnessed before in human history. With the advent of robotics and artificial intelligence, machines are increasingly doing the work that human beings have traditionally done. Consequently, traditional skills are being increasingly rendered redundant. The skills which human beings will need to have a gainful employment are changing completely.

It naturally follows, that the system of education has to change rapidly to ensure that student entering the workforce are equipped with skills relevant to the industry. While experts have expressed concern about the speed (or rather the lack thereof) at which the education sector is changing to keep pace with the times, the fact remains that a transformation is currently underway. Here are a few current trends in education.

Virtual classrooms: Thanks to the proliferation of high speed internet and the constantly falling cost of internet equipped devices, the physical presence of the instructor or, for that matter, even the students in the same location is no longer necessary to conduct a class. It is perfectly possible for a teacher to impart knowledge online to students in a remote location.

The virtual classroom concept is being increasingly used in developing countries to resolve the twin challenges of lack of skilled teachers and the difficult of building infrastructure in remote locations.

Virtual Reality: New technologies like virtual reality (VR) and augmented reality can make the learning process an interactive one in ways that were unimaginable even a decade ago. For instance, students wearing VR headsets can be virtually transported to the Colorado mountain peaks during a geography session. This kind of learning can be very effective as compared to traditional methods, since it is a scientifically proven fact that about two-thirds of all human beings are visual learners.

Learning based evaluation: It is a common trend these days to evaluate students on learning based outcomes using techniques like reaction paper whereby students are required to read a text, thoroughly understand it and then express an opinion based on their analysis of the content. The purpose of such an exercise is to ensure that students are trained to use an analytical approach as well as express their ideas using fact backed evidence.

Artificial Intelligence: The use of artificial intelligence (AI) in education is still at a nascent stage. Nevertheless, we can safely state that its transformative potential is nothing short of profound. For instance, administrative tasks like the paperwork related to admissions, grading the homework, etc can be done by machines. Student support work, insofar as it concerns routine queries, can be done by a chatbot.

In fact, administration is not the only aspect of education in which AI is reducing the need for human intervention. We have already reached a stage where even the pedagogy can be partially done by machines.

Personalised learning: One more aspect of the pedagogy where AI can bring about a massive transformation is in terms of personalisation of the learning experience, allowing students to learn in a manner and at a pace that is best suited to their requirements.

 

If you would like to further the discussion on this topic or to have your work published, we’d love to hear from you.

Is Swanley really the best town for commuters to London?

Zoopla recently revealed that it considered Swanley to be the best performing town for commuters to London, although this is based solely on property price growth. However, thanks to access to a new tool from estate agent Yopa, we thought we’d find out which is the best area to live in if you want to commute from London.

Swanley

For those who aren’t familiar with the town, Swanley is around 15 miles south-east of London in Kent, sitting just within the M25 circle. Average sold house prices run around £337,000, and it’s true that they have experienced a substantial boost of around 12% over the past year. Zoopla puts the average house price at around £375,000.

So how good is Swanley?

Swanley has an average crime rate, with 7.56 offences occurring per 1,000 people, and it has 9 primary schools and 3 secondary schools. The fastest commuter route to London takes 27 minutes, arriving at London Victoria, which is unsurprising, considering it’s within the M25. Finally, Southern Rail owns the current franchise, so make of that what you will.

How does Swanley compare to towns outside the M25 commuter belt, however – particularly given that house prices in the area are rapidly rising? The results are generally surprising, as a lot of surveys appear to give far too much weight to the distance it is to commute, especially given that the actual length of your commute depends on which end of London you want to get to.

To test how Swanley stacks up to the competition, we used the tool to find a low-crime area that was within a 45 minute commute of London, and – crucially – have an average house price of less than £340,000.

Didcot

This town is only 42 minutes away from Paddington, and the average house price is £339,543. The season ticket price is £5,932, and crime is lower than average, although you do get fewer pubs. Good primary schools and good secondary schools nearby ensure that children are catered for, and you still have time for relaxing in the evening. Oh, and Oxford is relatively nearby, which is gorgeous. London Paddington is good for a lot of west London as well as Heathrow.

It’s a little away further than Swanley, but it offers good value for money, and it’s also much closer to the heart of England, especially if you need to travel to the South West, Wales or Birmingham. In addition, you don’t have to constantly deal with the M25 every time you want to get anywhere by car.

Witham

At 45 minutes away from London Liverpool Street, Witham is a town in Essex. Again, crime is low, and with an average house price of £306,119, it’s decidedly more affordable than Swanley. You might spend an extra bit of time commuting, unless you need to head to the north of London, in which case you will find that your commute has shortened. The season ticket is somewhat more pricey at £5,516, but it’s slightly cheaper than Didcot.

There are quite a few industrial jobs nearby, thanks to the trio of industrial estates to the east of the town. Retail is also important, as is leisure, but the area is particularly prominent in the manufacture of windows.

Farncombe

This town in Surrey is only 40 minutes from Waterloo, and you have Gatwick around 19 miles away. A plethora of primary schools and secondary schools ensures that the community is well served, and the average house price of £336,702 means that you can enjoy relaxing in your home without having to pay over the odds for it. It’s also a low-crime area, and you get up to 48 trains per day. A season ticket costs £4,608.

You have the South Downs and the Thursley National Nature reserve on your doorstep, and the area is fairly picturesque. Aldershot and Guildford are quite close as well. Again, you can avoid the M25 for most journeys, making it reasonably easy to get from A to B.

 

If you would like to further the discussion on this topic or to have your work published, we’d love to hear from you.

Digital marketing: 5 tricks every small business could use

There was a time, not so long ago, when promoting your business was an expensive affair and, if yours was a small business, you knew that it was pointless trying to compete with the bigger players because your marketing budget was a fraction of your larger competitors. And then, like a bolt out of the blues, came digital marketing, to disrupt the natural order of things.

 

Thanks to digital marketing, smaller businesses can realistically dream of not just surviving, but even competing with the big fish. Here are a few useful strategies that can help them do so.

 

  • Mobile friendly web content: There’s no denying that a website is indispensable for any business these days. Just as undeniable is the fact that we are now living in an era where most internet users access the net through their mobile phones rather than a desktop or laptop, which means your company website is going to put off potential customers if it is not designed for viewing on a mobile phone. So ensure that the website design is mobile friendly.

 

  • Social Media: The vast majority, if not all your potential customers, are present on social media and most of them spend a significant amount of time on it. Therefore, social media platforms like Facebook, Twitter, Instagram, etc are the best places to connect with them and make yourself visible.

 

However, keep in mind the fact that promoting your business on social media is not only a time-consuming affair, but one which demands continuous involvement, since things can happen very quickly on social media. If you are short on time, get in touch with SEO companies who can do a professional job. It is definitely worth the investment.

 

  • Personalise Content: Think of the sheer number of ads that you come across on a normal day. The websites you browse, the social media platforms you access, even your e-mail account- for that matter- is inundated with promotional stuff, most of which you perhaps do not even notice. What is the guarantee that the online or social media ad that you paid for won’t suffer the same fate?

 

That’s not to say that you should not advertise. However, personalisation is the key. Understand your target consumers and their preferences, so that your online communications can cut through the clutter and grab their attention.

 

  • Use videos: All social media platforms these days have video capabilities. That presents a golden opportunity to engage with your potential customers, because they spend over half an hour a day watching videos on their mobile phones on an average and a well-made promotional video is the most effective medium to communicate with your target customers.

 

Better still, with the availability of high quality cameras on most smartphones these days, preparing a promotional video is not even an expensive proposition.

 

  • Email Marketing: There may be those who claim that email marketing in this day and age are as relevant as fax machines, but there are experts who believe that it still remains a useful medium for business promotion, especially since it involves little or no cost whatsoever.

 

If you would like to further the discussion on this topic or to have your work published, we’d love to hear from you.

5 interesting virtual data room features and the best ways to use them

 

Many companies can attest to the fact that virtual data rooms have quickly taken over the market when it comes to safe and speedy document exchange. Not only do they provide a platform for users to invite select participants and ensure control over their private information, but also an organized space to host any number of projects at a given time.

 

While generic data rooms seem more feasible for smaller projects, the task of managing confidential documents vital to a business is better left in the hands of a reputable VDR provider and their unique features. A few of the features discussed in this article might be overlooked at first glance, but can make an immense difference to a project when utilized to their full potential.

 

Email In

 

Email, much like messages and music, is a staple application in most (if not all) of our smartphones. Whether it’s during a long commute or a quick coffee break, we can always be reached or reach out to others – so why should your virtual data room be any different? For those constantly on the go or in between different projects, certain data room providers offer its clients the convenience of uploading documents directly from their email. This saves the time and hassle of signing into the platform when life becomes hectic.

 

Or, perhaps, an important participant in an M&A you are hosting in your VDR isn’t very tech-savvy and is delaying the process. The “email in” feature allows them to remain involved in the project and provide their relevant information in order to close a deal. Having the ability to contribute to document flow from the palm of your hand can make a world of difference to the overall time a project takes and the experience other users have.

 

View As

 

When initiating any process that involves auditing it can become quite tiresome if the landscape of the platform being used isn’t conducive to achieving an end goal. For example, mergers and acquisitions take a lot of time and involve a lot of particiants, which may lead to confusion during the process of vital information being shared back and forth and within select groups.

 

A favourable provider will offer the ability for the main user/client to view the VDR permissions as if they were a specific group or user. When utilized, this feature can give peace of mind to the main user as they navigate through the set up and implementation of the room during an already strenuous project. This overarching view is meant to lessen the burden of ensuring the necessary and correct precautions are taken to securing confidential documents. It shows the user if any accessibility was given to groups incorrectly before any information ends up in the wrong hands. Using this feature can quickly fix any errors that may have been made during the stress of tight deadlines and busy schedules.

 

Q&A

 

Teamwork is what ultimately drives a project home. Without it clients can be left feeling unsatisfied and advisors can be left feeling like they could have done more to close an otherwise simple M&A deal. When a provider offers the Q&A feature in their virtual data room, it should definitely be taken advantage of, if only for the comfort of knowing that others can be easily reached out to within one platform.

 

The peer support and comfort this feature offers is invaluable and ensures that everyone in the virtual data room is on the same page. It’s a great tool for inspiring confidence that any concerns will be directly addressed by the other parties and stored in an organized manner on the platform for reexamination.

 

Watermark

 

Heightened security should be the biggest selling point of any potential VDR you or your client is looking into. As mentioned above, a generic VDR can provide similar functions to a more qualified provider, but the security won’t be at the same level, especially for documentation that has a higher threat of being hacked. This threat could be inevitable or bypassed depending on whether a virtual data room provider’s convenient and unique tools are utilized to their full potential.

Watermarks are the most effective at warding off document leaks because of the detail into which they can be customized. There is nothing stopping someone from screenshotting a document, but when it has a specific watermark with the individual’s identification that can be enough to make them think twice. If the information is ever leaked there will be an identifiable person who can ultimately be held responsible.

 

Taking the time to compare and contrast virtual data room providers can save you and your client a lot of trouble in the long run. The tools they provide are there to assist the user in reaching their end goal and making the process that much easier during an already stressful and tedious time.

 

If you would like to further the discussion on this topic or to have your work published, we’d love to hear from you.