Tech

What is the Best Software Solution for Due Diligence?

Published

2 months ago

January 26, 2023

Harry Miller

Corporate solutions like the virtual data room allow you to make a single centralized authority within the company that will work perfectly for any type of business. Your departments will work together quite efficiently, as this application increases the overall communicability of work system automation. It’s no wonder that most entrepreneurs choose virtual data rooms for their long-term use. Today we’re going to talk about just that, looking at some important aspects that most newbies are interested in.

Criteria for the best VDR for your company

In the virtual data room market, there are a huge number of different offers from different providers. This is not surprising, since the demand for these technologies has increased first since the pandemic and then since the crisis due to the war in Europe. At the moment, most large enterprises work exclusively remotely, increasing the optimization and availability of their services with the help of the Internet. It is difficult to list all of the criteria for better virtual data rooms, so we will try to summarize them:

The best virtual dataroom should be extremely secure, with advanced encryption and other tools such as security policy settings that are most effective for your business. The reality is that security is complicated because every company’s security requirements are different. For example, you may own a small company where security is not a big deal. That is to say, you may be satisfied with standard encryption security. That does not mean that you have nothing to hide from outsiders; it means that the proportion of your information in the company is not essential to making it very secure. On the other hand, larger companies are more demanding of security and flexibility in security policy settings, as they have tens of thousands of sensitive files that need to be properly organized and the right security criteria set for each employee.
Your ideal data room should have all the automation tools you need. As trivial as it sounds, all of the functions of data room software should be used by you. If you find that you are not using my feature in the data room that you just purchased, then you should reconsider your pricing plan with the employee who offered it to you. Generally, the data technology provider and developers will go out of their way to give you a discount if you give up a feature that only burdens your company. You should check out the https://data-room.ca/virtual-data-room-ma/ site to look at the best deals on the market.
The perfect data room software should hold all the documents and files you need. Consider the file storage capacity in terms of the size of this particular file storage. If the developer of a secure data room offers you to pay for his services with occupied hard drive space, then refuse such an offer. This is not a good marker because the price begins to float and you do not know what to expect at the end of the month or how much you will pay in the end. Run this by your prospective virtual data room customer manager right away.

You have to look at potential implementations in your company in terms of efficiency and cost. It is important to analyze all the activities of your company, deduce the weak points in that company, and think about how you can automate most of the tasks. You have to make something like a list of requirements that you will provide to the data room developers. They can help you automate your routine business processes. With today’s technology, like artificial intelligence, most tasks are easy enough. Data rooms, on the other hand, use artificial intelligence for just that purpose.

Specific examples in the VDR world for due diligence

It’s time to move on to specific examples that provide the best interaction between the business and the due diligence process. These solutions should significantly optimize and speed up the entire process of implementing this solution. For example, you can look at the following solution as a point of comparison:

iDeals

This is a classic choice for most entrepreneurs. It’s a fairly well-known company that has top-notch solutions that can help you with your daunting due diligence process. That works as well as cloud-based solutions and full-fledged software for different platforms like Windows or Linux. They have their own labs where they don’t investigate the various impacts of technological advances in the enterprise. They produce high-end products for their customers, according to these reports.

In any case, the iDeals price range is not that big, which is fine for short-term business transactions as well as long-term use. They have all the necessary security certifications that might come in handy if you have a branch or work in the US, Britain, Europe, or other countries that are worried about data privacy.

DealRoom

This data room for due diligence is similar to the previous one, but it is twice as expensive and has much more features. Quite often, this room is used as a short-term room for due diligence and possible mergers and acquisitions. It has ongoing technical support and all the necessary and even redundant security certifications. It works mostly as a cloud-only solution.

DD360

This is one of the most expensive and best data rooms you can find on the Internet. It has advanced artificial intelligence technology, the best technical support with a huge amount of material to learn, and some of the best encryption in the enterprise technology market. It’s only used by large companies that can afford to spend a huge amount of money.

If you have a small or medium-sized company, then this solution will not suit you, not only because of the price but also because of the huge number of different features that will be just useless for you. As a consideration for expensive VDRs, this M&A data room is a good example. Take it or leave it—it’s entirely up to you.

Compare these three data room providers, making sense of their functionality and operation. This is easy enough with third-party resources that allow you to do this. Look for real reviews from people, pay attention to their area of business, and compare the different features that these virtual data rooms have. This is necessary for your own benefit and convenience.

Tech

City of Pointe-Claire signs a partnership agreement with Sport'Aide – Pointe-Claire

Published

16 mins ago

March 20, 2023

Harry Miller

At the March 14^th Council meeting, the City of Pointe-Claire signed a partnership agreement with Sport’Aide. The independent non-profit organization was created in 2014 by a team of 3 people concerned by the phenomenon of violence in sports.

The organization aims to offer support and guidance services to young athletes, as well as to the various actors in the Quebec sports world (parents, coaches, sports organizations, officials and volunteers) who may have witnessed violence against young athletes.

This agreement will allow the City and the para-municipal sport clubs, the Aquatic Club and the Canoe Kayak Club, to obtain personalized consulting services and to be assisted in the development and adaptation of sport safety policies and procedures.

“Pointe-Claire is the first city to sign an agreement with Sport’Aide, positioning it as a leader and further demonstrating our City’s commitment to maintaining a healthy, safe, harmonious and inclusive sports and recreation environment. I would like to thank our dynamic Sports and Recreation team and its director Mr. Gilles Girouard. This partnership demonstrates our proactivity and our concern for the quality of services offered to our community.” Said Tim Thomas, Mayor of Pointe-Claire

From left to right: Tim Thomas, Mayor of Pointe-Claire and Sylvain Croteau, Instigator and General Manager of Sport’Aide

Information : 514 630-1200, communications@pointe-claire.ca

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B.C. parent launches class-action lawsuit against makers of Fortnite – Vancouver Sun

Published

1 hour ago

March 20, 2023

Harry Miller

The proposed class-action lawsuit alleges the game is designed to be “as addictive as possible” for children.

A person logs into Epic Games’ Fortnite on their smartphone. Photo by CHRIS DELMAS /AFP via Getty Images

A Vancouver parent has launched a proposed class-action lawsuit against the makers of Fortnite, saying the popular video game is designed to be “as addictive as possible” for children.

In the lawsuit filed in B.C. Supreme Court on Friday, the plaintiff identified only as A.B. says her son downloaded Fortnite in 2018 and “developed an adverse dependence on the game.”

The statement of claim says the game incorporates a number of intentional design choices such as offering rewards for completing challenges and making frequent updates, which encourages players to return repeatedly.

The statement says Fortnite creator Epic Games enriches itself by making content and customization options purchasable via an in-game currency, which are purchased with real cash.

The class-action lawsuit would still need approval from a judge and none of the allegations have been proven in court.

The plaintiff is seeking damages alleging the game breaches the B.C. Business Practices and Consumer Protection Act, as well as for “unjust enrichment” and medical expenses for psychological or physical injuries, among other claims.

“Video games have been around for decades, but Fortnite is unique in that the science and psychology of addiction and cognitive development are at the core of the game’s design,” the court statement says.

It describes the game as “predatory and exploitative,” given its popularity among minors.

In a written statement, Epic Games communications director Natalie Munoz said the company will “fight these inflammatory allegations.”

“These claims do not reflect how Fortnite operates and ignore all the ways parents can control their child’s experience through Epic’s Parental Controls,” she said.

As examples, Munoz said parental controls “enable guardians to supervise their child’s experience, including limiting purchases and receiving playtime reports.”

Social settings can also “default to the highest privacy option for minors” and Cabined Accounts “provide a tailored experience for younger players.”

Also, Munoz said the company has a daily spending limit for players under 13.

In the statement, A.B. says her son began playing Fortnite: Battle Royale on a Sony PlayStation 4 game console when he was nine years old. The boy, she said, soon began buying various Fortnite products while adding the game to different platforms at home, including on mobile phone and computer.

Since that time, A.B. says Epic Games “received payment for numerous charges” made to her credit card without her authorization. The statement says A.B.’s son spent “thousands of dollars” on in-game purchases.

“If Epic Games had warned A.B. that playing Fortnite could lead to psychological harm and financial expense, A.B. would not have allowed (her son) to download Fortnite,” the statement says.

The lawsuit, if approved by the court, would cover three classes of plaintiffs: an “Addiction Class” of people who suffered after developing a dependence on Fortnite, a “Minor Purchaser Class” that includes gamers who made purchases in the game while under the age of majority, and an “Accidental Purchaser Class” of users who mistakenly bought items due to the game’s design.

The lawsuit would cover all persons affected by Fortnite in Canada except Quebec, where Epic lost its attempt last month to appeal a court decision there to authorize a similar class-action suit.

In the Quebec class-action appeal attempt, Epic lawyers argued the claims that children were becoming addicted to Fortnite were “based purely on speculation,” and no scientific consensus exists on cyberaddiction.

Epic Games also said in the Quebec case that it was not given a chance to argue against the claim that minors who bought Fortnite’s in-game currency were taken advantage of.

Quebec Appeal Court Justice Guy Cournoyer said in his decision that Epic did not demonstrate any significant error on the lower court judge’s decision to authorize the class-action lawsuit in that case.

Epic said in documents made public in a separate legal battle with Apple in the United States that Fortnite made more than US$9 billion combined in 2018 and 2019.

The legal claim against the video maker in Quebec still needs to be argued in court.

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How AI could upend the world even more than electricity or the internet

Published

11 hours ago

March 20, 2023

Harry Miller

The rise of artificial general intelligence — now seen as inevitable in Silicon Valley — will bring change that is “orders of magnitude” greater than anything the world has yet seen, observers say. But are we ready?

AGI — defined as artificial intelligence with human cognitive abilities, as opposed to more narrow artificial intelligence, such as the headline-grabbing ChatGPT — could free people from menial tasks and usher in a new era of creativity.

But such a historic paradigm shift could also threaten jobs and raise insurmountable social issues, experts warn.

Previous technological advances from electricity to the internet ignited powerful social change, says Siqi Chen, chief executive of San Francisco startup Runway.

“But what we’re looking at now is intelligence itself… This is the first time we’re able to create intelligence itself and increase its amount in the universe,” he told AFP.

Change, as a result, will be “orders of magnitude greater than every other technological change we’ve ever had in history.”

And such an exciting, frightening shift is a “double-edged sword,” Chen said, envisioning using AGI to tackle climate change, for example, but also warning that it is a tool that we want to be as “steerable as possible.”

It was the release of ChatGPT late last year that brought the long dreamt of idea of AGI one giant leap closer to reality.

OpenAI, the company behind the generative software that churns out essays, poems and computing code on command, this week released an even more powerful version of the tech that operates it — GPT-4.

It says the technology will not only be able to process text but also images, and produce more complex content such as legal complaints or video games.

As such it “exhibits human-level performance” on some benchmarks, the company said.

Goodbye to ‘drudgery’

The success of OpenAI, backed by Microsoft, has ignited an arms race of sorts in Silicon Valley as tech giants seek to push their generative AI tools to the next level — though they remain wary of chatbots going off the rails.

Already, AI-infused digital assistants from Microsoft and Google can summarize meetings, draft emails, create websites, craft ad campaigns and more — giving us a glimpse of what AGI will be capable of in the future.

“We spend too much time consumed by the drudgery,” said Jared Spataro, Microsoft corporate vice president.

With artificial intelligence Spataro wants to “rediscover the soul of work,” he said during a Microsoft presentation on Thursday.

Artificial intelligence can also cut costs, some suggest.

British landscape architect Joe Perkins tweeted that he used GPT-4 for a coding project, which a “very good” developer had told him would cost 5,000 pounds ($6,000) and take two weeks.

“GPT-4 delivered the same in 3 hours, for $0.11,” he tweeted. “Genuinely mind boggling.”

But that raises the question of the threat to human jobs, with entrepreneur Chen acknowledging that the technology could one day build a startup like his — or an even better version.

“How am I going to make a living and not be homeless?” he asked, adding that he was counting on solutions to emerge.

Existential questions

Ubiquitous artificial intelligence also puts a question mark over creative authenticity as songs, images, art and more are cranked out by software instead of people.

Will humans shun education, relying instead on software to do the thinking for them?

And, who is to be trusted to make the AI unbiased, accurate, and adaptable to different countries and cultures?

AGI is “probably coming at us faster than we can process,” says Sharon Zhou, co-founder of a generative AI company.

The technology raises an existential question for humanity, she told AFP.

“If there is going to be something more powerful than us and more intelligent than us, what does that mean for us?” Zhou asked.

“And do we harness it? Or does it harness us?”

OpenAI says it plans to build AGI gradually with the aim of benefitting all of humanity, but it has conceded that the software has safety flaws.

Safety is a “process,” OpenAI chief scientist Ilya Sutskever said in an interview with the MIT Technology Review, adding that it would be “highly desirable” for companies to “come up with some kind of process that allows for slower releases of models with these completely unprecedented capabilities.”

But for now, says Zhou, slowing down is just not part of the ethos.

“The power is concentrated around those who can build this stuff. And they make the decisions around this, and they are inclined to move fast,” she says.

The international order itself could be at stake, she suggests.

“The pressure between US and China has been immense,” Zhou says, adding that the artificial intelligence race invokes the Cold War era.

“There is definitely the risk with AGI that if one country figures that out faster, will they dominate?” she asks.

“And so I think the fear is, don’t stop because we can’t lose.”

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