Knovos
MENUMENU
  • Solutions
    • Information Governance
      • Unified Governance
      • Data Management
      • Smart Archiving
      • Records Retention
      • File Analysis
    • Electronic Discovery
      • Data Capture and Collection
      • Data Processing
      • ECA & Knowledge Management
      • Document Review
      • Production
    • Collaboration
      • Financial Transactions
      • Document Collaboration
      • Transaction and Deal Management
      • Strengthening Corporate Practices
    • Performance Planning & Outcomes Monitoring
      • Strategic Planning
      • Outcomes & Performance Planning
      • Performance Budgeting
      • Performance Reporting
      • Performance Analysis
      • Priority-Based Budgeting & Zero-Based Budgeting
    • Project Management
      • eDiscovery Process Management
      • Quantitative Project Management
      • Ticketing System
    • Legal Hold
      • Legal Hold Communications
      • Legal Hold Identification and Preservation
    • Arbitration
      • Team Management
      • International Arbitration Management
    • Regulatory Compliance
      • Compliance Monitoring
      • GDPR
    • Regulatory Compliance
      • Compliance Monitoring
      • GDPR
  • Products
    • nayaEdge
    • eZReview
    • eZManage
    • Cryptacomm
    • Arbicomm
    • Cascade
  • Analytics
    • Multidimensional Analytics
    • Predictive Coding
  • Clients
    • Corporations
    • Government
    • Law Firms
  • About Us
    • Our Story
    • Leadership
    • Corporate Responsibility
    • Awards and Certifications
  • Resources
    • Case Studies
    • White Papers
    • News & Events
    • Webinars
    • Blog
    • Training
  • Become a Partner
  • Contact
    • Schedule a Demo
    • Offices
    • Join Our Team
    • Contact Us

Blog

5 Undeniable Facts About eDiscovery

By : Joe Bartolo | On March 31, 2021 |
Category : eDiscovery
Tags: ediscovery facts, ediscovery in litigation, ediscovery metadata, ediscovery solution, IoT data in eDiscovery, TAR importance in ediscovery

eDiscovery is one of the most intriguing topics of discussion when examining the use of technology by the legal profession. It is clear that the act of finding and collecting potentially relevant evidence has morphed into a massive operation that involves large amounts of money, time, and other resources.

eDiscovery never fails to surprise and has constantly challenged legal professionals as new sources of data continually arise. Initially, eDiscovery started with emails and computer files, but today, it has reached IoT and collaborative data types with their collection and processing challenges. Additionally, ephemeral forms of data create new preservation challenges for organizations.

Isn’t this interesting?

Increasingly corporate organizations are taking steps to gain greater awareness and control of the data within their disparate data landscape, and are taking steps to store data systematically so that when the need arises, eDiscovery can be addressed with greater efficiency and more predictable costs. According to the Facts & Factors report, the global eDiscovery market size & share will reach USD 24.12 billion by 2026.

Here are some interesting facts about the eDiscovery showing the importance of the topic for the use of technology by the legal profession:

  1. It is the survival of the fittest

eDiscovery solutions market is getting tougher with increasing digitalization. To survive in this competitive market, eDiscovery solution providers have to be on top of their game. In the future, it is expected systems that support remote collaboration, communication technologies, and aggressive migration into the cloud will only be in demand.

  1. eDiscovery is not for everyone

eDiscovery requires advanced technology and expertise to process, analyze, review and produce evidence within a limited time from large volumes of data. The eDiscovery process is akin to looking for a needle in a haystack and can be overly costly if not properly managed.

  1. Data types are increase like no end

As per recent statistics, the number of IoT devices will reach up to 25.1 billion by 2025. Internet of things (IoT) data has been found helpful in solving cases in the recent past. Also, people are relying more on smart devices for their day-to-day activities like booking appointments, taking notes, making calls, home security, etc. The world is already flooded with IoT data and this trend will only increase.

  1. TAR is the new normal

When going for eDiscovery, nobody opts for traditional methods anymore; Technology Assisted Review (TAR) is the new normal. According to Rand Corporation, 73% of total eDiscovery cost is spent on Document Review, and TAR is definitely helpful in saving time and money without compromising the quality.

  1. Metadata is the dominant datatype

Metadata is crucial for eDiscovery. Various forms of metadata are readily attainable from disparate data formats, and the extracted metadata provides vital information to the attorneys involved in any litigation. Metadata’s importance has been acknowledged by courts and FRCP and is considered to be part of any document. Metadata gives us insight into the history of an individual record, and reveals who authored and made edits to a document, and when those revisions were made, thus proving very useful when examining electronic records.

Wrap up

Above mentioned are the few undeniable facts about eDiscovery. Even though it is a complex process, one cannot deny its impact on the legal profession. It has become a profitable industry since existing in a world where 2.5 quintillion bytes of data are produced every day, eDiscovery is the only way to find relevant information in most modern litigation matters. Knovos has over two decades of experience in the eDiscovery industry, and after all these years we are proud to say that our eZReview eDiscovery technology is one of the most advanced eDiscovery solutions in the market.

  • Share this post:

About Joe Bartolo

As an Information Governance and Risk Solutions subject matter expert, Joe has over 13 years of experience providing consultative litigation support services to AM Law 200 Firms, and Fortune 500 corporations throughout North America and the EU. In addition, He was formerly a litigator, with over 7 years of experience as a practicing attorney in New York State.

  • Connect via Social Media:

Related Posts

  • Experts Weigh In on the ‘New Normal’ of Working During the Pandemic: Part 3
  • Experts Weigh In on the ‘New Normal’ of Working During the Pandemic: Part 2
  • Experts Weigh in on the ‘New Normal’ of Working During the Pandemic
  • Secure Collaboration Solutions Enable Working Safely While Working Remotely
  • Tech Talk: Legal Risk Management and Legaltech

Subscribe to our blog

Recent Posts

  • Chat Data Review – Adding context to modern eDiscovery
  • Revolutionize your eDiscovery practice with AI-powered Image Analytics
  • How law firms dealt with the pandemic? and lessons for the future!
  • How does “Case Strategy” impact data collection in e-Discovery?
  • CPRA (California Privacy Rights Act): An expansion to CCPA

Categories

  • Arbitration
  • Big Data
  • Contract Management
  • Document Collaboration
  • eDiscovery
  • GDPR
  • Information Governance
  • Legal Project Management
  • Legal Technology
  • Performance Management
  • Regulatory Compliance

Archives

  • May 2022
  • December 2021
  • October 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • September 2020
  • July 2020
  • June 2020
  • April 2020
  • March 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • July 2019
  • June 2019
  • January 2019
  • October 2018
  • August 2018
  • December 2017
  • June 2017
Quick Links
  • Schedule a Demo
  • Contact Us
  • Offices
  • Become a Partner
  • Our Story
  • Leadership
  • News
  • Blog
Knovos Newsletter
  • facebook
  • twitter
  • linkedin
  • instagram
  • Terms of Use
  • Privacy Policy
  • Sitemap

Copyright 2002-2022 Knovos, LLC (f/k/a/ Capital Legal Solutions LLC/Capital Novus). All rights reserved.