Business is Good. Very Good. | eDiscovery Business Confidence Survey Results – Spring 2018

The Spring 2018 eDiscovery Business Confidence Survey is a non-scientific survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem.


The eDiscovery Business Confidence Survey

The eDiscovery Business Confidence Survey is a non-scientific quarterly survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem.The survey consists of nine multiple choice questions focused on factors related to the creation, delivery, and consumption of eDiscovery products and services. The survey is open to legal, business, and information technology professionals operating in the eDiscovery ecosystem and individuals are invited to participate via the ComplexDiscovery blog, via social media, and via direct email invitations.

Initiated in January 2016, to date the survey has been administered ten times with 1,042 individual responses.

Spring 2018 Survey Results

The Spring 2018 Survey response period was initiated on April 7, 2018, and continued until registration of approximately 100 responses (April 20, 2018). This limiting of responders to approximately 100 individuals is designed to create linearity in the number of responses and ease the administration for each quarterly survey.

While individual answers to the survey are confidential, the aggregate results are published without commentary below to highlight the business confidence level of participants regarding economic factors impacting the creation, delivery, and consumption of eDiscovery products and services during the Spring of 2018.


n = 100 Respondents

1. Which of the following segments best describes your business in eDiscovery?
Part of the eDiscovery ecosystem where your organization resides.

  • Consultancy – 33%
  • Software and/or Services Provider – 30%
  • Law Firm – 29%
  • Corporation – 5%
  • Other – 2%
  • Governmental Entity – 1%
  • Media/Research Organization – 0%

2. How would you rate the current general business conditions for eDiscovery in your segment?
Subjective feeling of business performance when compared with business expectations.

  • Good – 68%
  • Normal – 25%
  • Bad – 7%

3. How do you think the business conditions will be in your segment six months from now?
Subjective feeling of business performance when compared with business expectations.

  • Better – 50%
  • Same – 44%
  • Worse – 6%

4. How would you guess revenue in your segment of the eDiscovery ecosystem will be six months from now?
Revenue is income generated from eDiscovery-related business activities.

  • Higher – 59%
  • Same – 37%
  • Lower – 4%

5. How would you guess profits in your segment of the eDiscovery ecosystem will be six months from now?
Profit is the amount of income remaining after accounting for all expenses, debts, additional revenue streams, and operating costs.

  • Higher – 53%
  • Same – 33%
  • Lower – 14%

6. Of the six items presented below, what is the issue that you feel will most impact the business of eDiscovery over the next six months?
Challenges that may directly impact the business performance of your organization.

  • Budgetary Constraints – 22%
  • Increasing Volumes of Data – 21%
  • Data Security – 19%
  • Increasing Types of Data – 16%
  • Lack of Personnel – 11%
  • Inadequate Technology – 11%

7. In which geographical region do you primarily conduct eDiscovery-related business?
The location from which you are basing your business assessments.

  • North America (United States) – 81%
  • Asia/Asia Pacific – 6%
  • Europe (UK) – 6%
  • North America (Canada) – 3%
  • Europe (Non-UK) – 3%
  • Central/South America – 1%
  • Middle East/Africa – 0%

8. What are best describes your primary function in the conduct of your organization’s eDiscovery-related business?

  • Legal/Litigation Support – 69%
  • Business/Business Support (All Other Business Functions) – 23%
  • IT/Product Development – 8%

9. What are best describes your level of support in the conduct of your organization’s eDiscovery-related business?

  • Executive Leadership – 35%
  • Operational Management 34%
  • Tactical Execution – 31%

eDiscovery Business Confidence Survey Meta Results

Provided below for review and download is a high-level PDF highlighting all survey responses since the initiation of the survey in January of 2016. Also, click here to download the Meta Results Excel Spreadsheet version of all survey responses.

eDiscovery-Business-Confidence-Survey-Meta-Results-042118-Final

The Summer 2018 Survey

The Summer 2018 Business Confidence Survey will open in mid-July of 2018. Click here if you would like to be invited to take the Summer 2018 Survey.

 Past Survey Results

Source: Original Research

 

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ComplexDiscovery is an online publication that highlights data and legal discovery insight and intelligence ranging from original research to aggregated news for use by business, information technology, and legal professionals. The highly targeted publication seeks to increase the collective understanding of readers regarding data and legal discovery information and issues and to provide an objective resource for considering trends, technologies, and services related to electronically stored information.

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