Based on the aggregate results of nineteen past eDiscovery Business Confidence Surveys, the following findings and charted overviews of responses to survey questions may be helpful for understanding the collective mindset of many industry experts regarding their confidence in the business of eDiscovery between early 2016 and today.
In the summer of 2020, 56% of respondents viewed budgetary constraints as potentially having the greatest business impact on their business in the next six months. This percentage is the highest of all concerns represented in the survey and also is the highest rating for any business performance concern since the inception of the survey. This is also the eleventh time in nineteen surveys that the issue of budgetary constraints has been the top concern or tied for the top concern by survey respondents.
In the summer of 2020, 91 eDiscovery Business Confidence Survey participants chose to answer at least one of the optional business operational metric survey questions in the quarterly survey. 20.9% of survey respondents reported Days Sales Outstanding (DSO) as increasing in the summer of 2020. This is an incremental increase from the 19.3% reporting DSO as increasing in the spring of 2020 and is the highest percentage of respondents reporting DSO as increasing since the introduction of business operational metric questions to the eDiscovery Business Confidence Survey in the winter of 2019.
This is the nineteenth quarterly eDiscovery Business Confidence Survey conducted by ComplexDiscovery. It is also the second time the survey has been conducted during the current pandemic. The current global coronavirus disease 2019 (COVID-19) pandemic continues to alter life as we know it. It also continues to alter the business landscape of everyone in the eDiscovery ecosystem. 2,189 individual responses have been received from legal, business, and technology professionals across the eDiscovery ecosystem since the inception of the survey in early 2016. 100 respondents shared their opinions as part of the summer 2020 survey.
First administered in December of 2018 and conducted four times during the last two years with 334 individual responses, the semi-annual eDiscovery Pricing Survey highlights pricing on selected collection, processing, and review tasks. The aggregate results of all surveys as shared in the provided comparative charts may be helpful for understanding pricing and its impact on purchasing behavior on selected services over time.
Based on the complexity of data and legal discovery, it is a continual challenge to fully understand what is representative of industry-standard pricing for the delivery of eDiscovery products and services. With this challenge in mind, the semi-annual eDiscovery Pricing Survey is designed to provide insight into eDiscovery pricing through the lens of 15 specific questions answered by legal, business, security, and information professionals operating in the eDiscovery ecosystem. The summer 2020 survey was open from May 11, 2020, until May 20, 2020, and had 105 respondents share their understanding of the pricing of eDiscovery services.
In the spring of 2020, 51.2% of respondents viewed budgetary constraints as potentially having the greatest business impact on their business in the next six months. This percentage is the highest of all concerns represented in the survey and also is the highest rating for any business performance concern since the inception of the survey. This is also the tenth time in eighteen surveys that the issue of budgetary constraints has been the top concern or tied for the top concern by survey respondents.
In the spring of 2020, 150 eDiscovery Business Confidence Survey participants chose to answer at least one of the optional business operational metric survey questions in the quarterly survey. Exactly 26% of survey respondents reported Monthly Recurring Revenue (MRR) as decreasing in the spring of 2020. This is a significant increase from the 10% reporting MRR as decreasing in the winter of 2020 and is the highest percentage of respondents reporting MRR as decreasing since the introduction of business operational metric questions to the eDiscovery Business Confidence Survey in the winter of 2019.
Based on the aggregate results of eighteen past eDiscovery Business Confidence Surveys, the following findings and charted overviews of responses to survey questions may be helpful for understanding the collective mindset of many industry experts regarding their confidence in the business of eDiscovery between early 2016 and today.
This is the eighteenth quarterly eDiscovery Business Confidence Survey conducted by ComplexDiscovery. It is also the first time the survey has been conducted in a time of worldwide crisis such as today’s current global coronavirus disease 2019 (COVID-19) pandemic. 2,089 individual responses have been received from legal, business, and technology professionals across the eDiscovery ecosystem since the inception of the survey in early 2016. 172 respondents shared their opinions as part of the spring 2020 survey.
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