Two forces are at work in corporations that have a significant bearing on eDiscovery: volumes of data are increasing at an astonishing rate and emerging eDiscovery technologies are making it possible to glean more intelligence from that data. But how can the two forces be reconciled in a way that is cost effective, is beneficial to the organization overall, is manageable, and ultimately reduces the amount of data within the organization? By developing or improving corporate data governance strategies, recognizing eDiscovery and data governance as symbiotic, and applying the concept of precedence to eDiscovery, corporations will not only cut costs by reducing the quantity of information that moves into the review process, but also save money by decreasing the overall amount of data stored within their organizations.
Overwhelmed by Information
Companies are drowning in information, whether it’s on laptops, smart phones, desktops, servers or the cloud, and it’s only getting worse. According to a GIA report, information is currently multiplying at a rate of 65 percent each year and total data generated worldwide is projected to reach more than three million petabytes by the year 2020.[1]
Much of that data is email, generated by the corporate world. In 2012, the number of business emails sent and received per day totaled 89 billion. This figure is expected to grow at an average annual rate of 13 percent over the next four years, reaching more than 143 billion by year-end 2016.[2] The average business person sends and receives 110 emails per day and only 25 percent are business-related. This means that 75 percent of emails have no business value and only a fraction would be relevant in a legal matter.[3]
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Source: Focused Discovery
By: Jeff Fehrman
Overwhelmed by Information
Companies are drowning in information, whether it’s on laptops, smart phones, desktops, servers or the cloud, and it’s only getting worse. According to a GIA report, information is currently multiplying at a rate of 65 percent each year and total data generated worldwide is projected to reach more than three million petabytes by the year 2020.[1]
Much of that data is email, generated by the corporate world. In 2012, the number of business emails sent and received per day totaled 89 billion. This figure is expected to grow at an average annual rate of 13 percent over the next four years, reaching more than 143 billion by year-end 2016.[2] The average business person sends and receives 110 emails per day and only 25 percent are business-related. This means that 75 percent of emails have no business value and only a fraction would be relevant in a legal matter.[3]
To Continue Reading: Click Here
-----------------------------------------------------
Source: Focused Discovery
By: Jeff Fehrman
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