Once upon a time, you simply handed over the contents of your file
cabinets to the lawyers. In the digital age, the task is much more
complicated--and expensive.
Imagine your business is being sued. Suddenly, you're required by law
to unearth and deliver to a competitor or investigator massive amounts of
electronic data—those emails sent by salespeople, your receptionist's instant
messages, CAD files edited by your engineers, and more—with every bit of it
including metadata that reveals exactly when it was created, saved, or
transmitted.
Are you prepared for that?
What we're talking about here is e-Discovery. This is the process of
collecting, analyzing, and exchanging electronic data during litigation or as
part of an investigation by government agencies.
And it's not just a concern for the Apples and the Samsungs of the world that
are well-armed to take on the task. Even the smallest companies are legally on
the hook for doing their own data discovery.
While you can certainly try to do it on you're own, it's far more common to
outsource it.
"E-Discovery is a complicated, messy process," says Andrew Sieja, founder and
CEO of Chicago-based kCura, a company
that makes software called Relativity that manages the processing, review, and
analysis of data. "The collection phase involves the snatching of data from,
say, the laptops of 50 different people. It requires experts to really
understand where to pull data from the network." And then there's the task of
reviewing it. That's when companies rack up about 70 percent of the costs, says
Barry Murphy, principal analyst with eDJ Group, an Austin, Texas-based research
firm that specializes in e-Discovery.
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Source: Inc.com
By: Christina Desmarais
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