What was once a tedious process -- like calling the movie theater to find out times for shows or dropping off rolls of film to be developed is now much easier due to the advancement of technology. We couldn't change channels from our sofa in the absence of the remote control. Photos would take weeks to get into our mailboxes using dial-up internet. In investment banking, the use of technology advancements can help firms close more deals faster and with greater efficiency.

Deal origination is an essential component of the what is a virtual data room work undertaken by investment banks, venture capital firms, private equity firms and other companies that are searching for investment opportunities. While it's often an arduous process but it's crucial to ensure that these investment firms have a pipeline of potential deals.

The traditional way of conducting deal origination is to connect with business owners who may be interested in buying or selling a company. This is usually done via direct mailers or by taking part in M&A networks which allow investment bankers to meet others who are seeking opportunities.

Recently, investment firms began using technology platforms to automate certain tasks that are associated with deal initiating. These platforms are able to identify and match opportunities on both the buy-side and sell-side, making it easier for businesses to find suitable investments. These platforms can also save investment bankers time by sifting and filtering options according to specific criteria. More often, these solutions are being paired with special expertise teams and partnerships with other investment firms to boost efficiency.