| High conviction ideas by Small & Micro Cap portfolio managers

Why you should put your firm’s research files on Google drive?

by | Oct 14, 2019

1) Ease of search:

Retrieval of information is a vital tool for an investment professional. Let’s imagine this situation – you want to read the notes of your discussion with an expert in simulation software, but all you can remember is that he is a simulation expert with whom you spoke with say four or five years ago. You don’t remember the company name, ticker, the executive’s name, or the date of your discussion.

Question: How will you find your “scuttlebutt notes”?

Searching Google drive is like a doing a Google search of your research files. It will retrieve all the documents (Word, Excel, PDF) that contain your keyword in both the content and title. So, to solve the problem of finding the simulation software expert, you simply type “simulation” and hit enter. The system will list all the documents that contains the keyword.

In fact, the Google website claims that “Drive can recognize objects in your images and text in scanned documents. So, you can search for words like “Eiffel Tower” and get text documents with that word, as well as images of the actual Eiffel Tower.”

2) Sync across the devices

All the files you store on your Google Drive will be synced automatically across different devices (phone, tablet, computer).

3) Ease of access

To access Google drive, all you need is an internet connection. You no longer need to carry your pen drive.

4) Ease of sharing

Since the document can be simultaneously edited by different users around the world, it helps when you want to work on an assignment that is shared.

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