In spite of the fact that there is widespread awareness about the use of eDiscovery solutions, organizations fail to see that these solutions only store Electronically Stored Information (ESI) without sorting them. This results in multiple storage of the same data and increased storage costs for the organization. This can also be due to lack of rules based storage that can save large amounts of storage space if used efficiently.
The corporate world in now witnessing new eDiscovery software capabilities that provides enterprises with a multi-case, multi-tenant solution. These capabilities have provided legal teams with the capability to leverage prior document collections and reviews on related cases and present them for analysis, whenever required, through efficient case-based and rule-based searches. This has largely reduced future data collections, repeated reviews, and the danger of unnecessary production for the organization.
eDiscovery reference libraries are another important feature that has been designed to retrieve all information regarding a document whenever required. This feature works by storing all relevant meta data information associated with the document at one place. The information stored could include the collection or production phase, the collection history such as custodian, litigation hold policy previous collection, previous case, and previous production etc.
The new reference library feature is a searchable function which also double as secure data sources for a corporation.
eDiscovery dashboards are another useful and new feature that offer cross-party and cross-matter performance measurement for the enterprise. The metrics provided are for reviewer-level metrics which can be used for intelligent resource governance. Dashboards can also be used as a tool to identify the efficiencies of enterprise litigation teams and processes which allows industry leaders to control litigation productivity and risks more effectively.
The following are the immediate benefits of new eDiscovery solutions.
1. By investing in reliable and robust eDiscovery software from experienced market players, enterprises can surely create an efficient and repeatable process for dealing with legal matters.
2. The legal teams are also able to meet deadlines in a cost-efficient manner, while also ensuring quality and consistency across all cases.
Choose eDiscovery software from experienced eDiscovery solution providers to ensure efficient management of legal data.