The evolution of electronic data and the emergence of eDiscovery have brought about a number of changes in the legal landscape. Explosive growth of electronically stored information (ESI) has made legal discovery processes more demanding. Hence eDiscovery solutions have gained immense popularity by supporting and streamlining digital investigations.
While the number of corporate lawsuits and regulatory inquiries is steadily increasing, so is the quantum of digital data that needs to be reviewed. Hence, the cost of eDiscovery is also on the rise. Therefore eDiscovery solutions are now of paramount importance to organizations and their legal departments. This also makes it essential for organizations to keep track of the latest trends in eDiscovery and those expected in the coming year.
Here are some electronic discovery trends to watch out for in 2011:
Data Collection Best Practices: With the number of regulatory inquiries and corporate litigations expected to grow in 2011, several organizations will employ best practices for data collection. While some may still rely on manual processes for data collection and review, automated processes will become more prevalent in 2011 as organizations realize the reliability of eDiscovery software and the benefits of automation.
Use of Collaborative Technology: With reviewers and litigation support professionals spread across geographic locations, organizations will recognize the need to integrate collaborative technology with eDiscovery tools. While some vendors in the market offer solutions that facilitate collaboration over a centralized dashboard, these solutions will gain more popularity in the coming year.
Cloud Applications and Social Media Vs. eDiscovery: Cloud computing has been widely accepted as a data storage alternative for organizations. And many have embraced social media to leverage the promising opportunities presented by them. What organizations will soon realize is that the use of social media and cloud computing may affect structured data preservation and proliferation. Hence they are bound to pay more attention to the benefits and challenges posed by these technologies.
Overall, eDiscovery processes and eDiscovery software are poised for significant milestones in 2011. Experts anticipate that serious security issues concerning the use of cloud computing and social media may have to be addressed. Hence Legal and IT teams will be seen collaborating more on eDiscovery management in an attempt to resolve these issues and overcome eDiscovery challenges. It will be interesting, however, to watch how these teams work together in order to create newer and more efficient processes. So 2011 should be a very promising year for eDiscovery, and there is whole lot more for legal firms and enterprises to look forward to.