2011 proved to be a lively chapter in the eDiscovery odyssey, with notable acquisitions of eDiscovery vendors by technology giants HP and Symantec, and a growing focus in the federal courts on creating strong judicial standards around eDiscovery.
As the amount of electronically stored information (ESI) continues to grow exponentially, it’s inevitable that the energy of regulators and the courts, along with the capital resources of strategic investors and acquirers, will increasingly be directed at eDiscovery software and services.
At the same time, the burgeoning costs associated with growing ESI will prompt litigants and the courts to look for innovative ways to reduce the cost of eDiscovery while continuing to effectively manage litigation and regulatory matters. Against that backdrop, here are my 5 predictions for eDiscovery in 2012:
1. No Country for Old Pricing
In this era of big data, the amount of electronically stored information has continued to increase significantly, and along with it, the cost of eDiscovery under the industry-standard per-gigabyte pricing model. Because eDiscovery has become an integral part of litigation, market forces will require a re-evaluation of pricing strategies. In order to remain competitive, eDiscovery vendors will begin implementing alternative fee arrangements and flexible pricing structures in order to meet evolving client demands.
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Source: businesscomputingworld.co.uk
By: Kurt Jensen
As the amount of electronically stored information (ESI) continues to grow exponentially, it’s inevitable that the energy of regulators and the courts, along with the capital resources of strategic investors and acquirers, will increasingly be directed at eDiscovery software and services.
At the same time, the burgeoning costs associated with growing ESI will prompt litigants and the courts to look for innovative ways to reduce the cost of eDiscovery while continuing to effectively manage litigation and regulatory matters. Against that backdrop, here are my 5 predictions for eDiscovery in 2012:
1. No Country for Old Pricing
In this era of big data, the amount of electronically stored information has continued to increase significantly, and along with it, the cost of eDiscovery under the industry-standard per-gigabyte pricing model. Because eDiscovery has become an integral part of litigation, market forces will require a re-evaluation of pricing strategies. In order to remain competitive, eDiscovery vendors will begin implementing alternative fee arrangements and flexible pricing structures in order to meet evolving client demands.
To Continue Reading: Click Here
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Source: businesscomputingworld.co.uk
By: Kurt Jensen
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