In the fall of 2019, 24.0% of respondents viewed increasing 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 ninth time in sixteen surveys that this issue has been rated as the top concern by eDiscovery professionals.
This is the sixteenth quarterly eDiscovery Business Confidence Survey conducted by ComplexDiscovery. More than 1,771 individual responses have been received from legal, business, and technology professionals across the eDiscovery ecosystem since the inception of the survey and 150 respondents shared their opinions as part of the fall 2019 survey.
Developed from the aggregate results of three administrations of the semi-annual Predictive Coding Technologies and Protocols Survey from ComplexDiscovery, the following overview of survey informational request responses regarding primary predictive coding platforms is provided with the hope that the results may be helpful for eDiscovery professionals as they consider predictive coding.
The Predictive Coding Technologies and Protocols Survey is a non-scientific survey designed to help provide a general understanding of the use of predictive coding technologies, protocols, and workflows by data discovery and legal discovery professionals within the eDiscovery ecosystem.
In the summer of 2019, 156 eDiscovery Business Confidence Survey participants chose to answer at least one of the optional business operational metric survey questions in the quarterly survey. Almost 33% (32.7%) of survey respondents reported Monthly Recurring Revenue (MRR) as increasing in the summer of 2019. This is a solid increase from approximately 29% (28.5%) reporting MRR as increasing in the spring of 2019.
In the summer of 2019, only 39.9% of eDiscovery Business Confidence Survey respondents feel that business climate conditions will be better in six months. This is approximately the same percentage (40.0%) of respondents who in the spring of 2019 felt the business conditions would be better in six months. However, it is the lowest rating in this area since the inception of the survey and may indicate a continued cautiousness about future business conditions.
In the summer of 2019, 27.2% of respondents viewed increasing 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 eighth time in fifteen surveys that this issue has been rated as the top concern.
This is the fifteenth quarterly eDiscovery Business Confidence Survey conducted by ComplexDiscovery. More than 1,621 individual responses have been received from legal, business, and technology professionals across the eDiscovery ecosystem since the inception of the survey and 173 respondents shared their opinions as part of the summer 2019 survey.
Based on the complexity of data and legal discovery, it is a continual challenge to understand the relationships, opportunities, and costs of specific eDiscovery tasks. With this challenge in mind and to provide information and context to discussions around the eDiscovery task of review, the following review-centric task, spend, and cost data points may be beneficial to legal, business, and IT professionals considering the economics of eDiscovery.
Based on the complexity of data and legal discovery, it is a continual challenge to understand the relationships, opportunities, and costs of specific eDiscovery tasks. With this challenge in mind and to provide information and context to discussions around the eDiscovery task of processing, the following processing-centric task, spend, and cost data points may be beneficial to legal, business, and IT professionals considering the economics of eDiscovery.