A vdr is akin to a black box on an aircraft. It stores a variety of data that could be recovered in the event of an incident on the water. The system is composed of a device that collects data with sensors onboard, and capsules that protect the data. It is designed to stand up to fire as well as shock, pressure from deep sea, and penetration. It comes with a satellite-locatable unit for communication that is connected to the ship’s Emergency Position Reporting System (EPIRB).

IMO regulations state that the system must be equipped with a Concentrator which process and encrypts data gathered from sensors, as well as the final recording medium which stores the data in a fixed capsule that can survive a catastrophic maritime accident. It should be possible to perform checks on the performance of the system at any time. This could be done every year or after repairs or maintenance on the VDR or signal sources that provide data to the system.

A good VDR should have a mobile-first style to enable parties to sign in and review documents on laptops, desktops tablets, and mobile devices, while maintaining the same core functionality. Make sure that the software is intuitive, as this can accelerate due diligence and deal-making.

You should look for look for a VDR with page-level monitoring of user activity to create audit trails, as well as provide business insights on document review process. If you notice that HR and legal due-diligence teams spend most of their time reading documents http://www.digitaldealdataroom.info/what-is-the-purpose-of-a-data-audit/ related to a specific topic, you can identify any potential liability concerns early on and address them in a proactive manner.