To stay competitive in a constantly evolving, data-saturated marketplace, businesses must not only make vast amounts of data available electronically, but also update the data quickly and effectively.
So it is no surprise that businesses have started using social networks such as blogs, Twitter and Facebook. But these new forms of communication have caused significant problems when businesses end up in legal disputes. Put simply, most businesses’ information-management policies are not updated to account for electronic information needed when disputes go to litigation or arbitration. In litigation, courts view electronically-generated and stored information as essentially equivalent to information on paper. Courts expect businesses to preserve such information and be able to produce it as required by pertinent rules.
The deep inadequacy of business management of such electronic information became clear earlier this summer with the results of a June survey performed by a leading forensic center on the effect of social networking. While two-thirds of businesses worry about e-discovery risks posed by data contained within social networks, 25 percent say they are not prepared to address related electronic information discovery requests, and 33 percent think they are only partially prepared. Moreover, only 9 percent of companies surveyed think they are well prepared for such discovery requests. And the situation is probably worse than even these numbers suggest, because businesses that think they are adequately prepared often find out that they are not.
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Source: dcjoregon.com
By: Hafez Daraee
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