In a recent article Chris Musico summarizes ESG’s report on the rise of in-house eDiscovery. Some interesting points from the Musico’s article and the report include:
• 22 percent of those surveyed actually have “e-discovery manager” titles, which the study states is a “reflection of the move in-house and importance of having a dedicated resource.” The increased trend of enterprises to have internal eDiscovery specialists shows where the market is headed.
• Companies aren’t just slapping titles on employees – they are laying out an increasing amount of money to bring particular e-discovery processes back in-house. The study reveals nearly 40 percent of respondents forecast a 20 percent or greater increase in e-discovery spending in 2010. Furthermore, 87 percent of those surveyed said they plan to budget for technology specifically supporting the e-discovery process next year.
• Seventy-three percent of respondents plan to bring all or some e-discovery processes back in-house in 2010. By focusing on the tasks and processes that can drive more cost savings, the logical next step is to internalize eDiscovery processes and leverage the technology for other IT initiatives as well.
• Consequently, the study found the top phase of e-discovery that respondents – 69 percent of them – plan to bring in house is processing/analysis, with identification/collection a close second (66 percent). Collection and analysis assume the vast amount of time and money. By handling at least a portion of these phases in-house the eDiscovery expense will be reduced.
Index Engines platform for rapidly indexing large amounts of stored data is instrumental for any enterprise transitioning eDiscovery to an in-house function. The investment in this market-leading technology is quickly justified when discovery services and secondary storage costs start to decrease. Voted LTN’s Best New Product for 2009, Index Engines enables in-house discovery, along-side other corporate initiatives such as storage assessment and records management. Index Engines offers powerful collection and identification capabilities, that this new class of enterprise eDiscovery managers would be well served to learn more about.