Sun. Sep 25th, 2022

    Article by Rob Robinson

    eDiscovery Professionals Concerned with Increasing Types of Data

    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. Additionally, in the fall of 2018 three new questions were added to determine responder sentiment regarding the business operational metrics of days sales outstanding (DSO), monthly recurring revenue (MRR), and revenue distribution across customer bases. The survey is open to legal, business, and information technology professionals operating in the eDiscovery ecosystem and individuals are invited to participate by ComplexDiscovery primarily via direct email invitations.

    Initiated in January 2016, to date the survey has been administered twelve times with 1,193 individual responses.

    The latest survey was administered in the fall of 2018 and had 85 respondents in roles that included executive leadership (41.2%), operational management (30.6%), and tactical execution (28.2%).

    One of the questions in the quarterly survey asks participants to select from a listing of six issues the issue they view as potentially having the most impact on their eDiscovery business during the next six months. The issues presented include:

    • Budgetary Constraints
    • Increasing Volumes of Data
    • Data Security
    • Increasing Types of Data
    • Lack of Personnel
    • Inadequate Technology

    While not all-inclusive, the listing of issues provides a realistic overview of potential areas that appear to have a direct and ongoing impact on the business of eDiscovery.

    Based on the aggregate results of past surveys, the following findings and charted overviews of responses to the question of issues impacting business may be helpful in understanding the collective mindset of many industry experts regarding these issues and their impact over time on the business of eDiscovery.

    Seven Key Findings in the Fall of 2018

    • In the fall of 2018, 20.1% of respondents viewed increasing types of data 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. (Chart 1)
    • Decreasing significantly since last quarter, budgetary constraints reached its lowest level of concern amongst presented choices since the initiation of the survey three years ago. This is a noted change as budgetary constraints have been listed as the top concern amongst presented choices in six of the twelve quarters of the survey. (Chart 2)
    • The percentage of respondents viewing the impact of increasing types of data as a top business issue decreased slightly during the last quarter, but is now viewed as the top concern by 20.1% of fall 2018 survey respondents. (Chart 3)
    • The percentage of respondents viewing the impact of data security as a top business issue decreased during the last quarter and is viewed as the top concern by 15.3% of survey respondents. (Chart 4)
    • Increasing volumes of data continue to be a strong concern with 18.8% of survey respondents viewing data volume challenges as potentially having a substantial potential impact on business in the next six months. This is an increase from last quarter’s survey results and represents a critical concern for survey participants. (Chart 5)
    • The impact of a lack of personnel on eDiscovery business performance continues to increase as an issue, growing as a concern from survey respondents during each of the last three quarterly surveys. (Chart 6)
    • In the fall of 2018, the impact of inadequate technology on eDiscovery business performance reached its highest level of reported concern since the inception of the survey in 2016 with 14.10 of survey respondents listing it as the top potential issue impacting eDiscovery business. (Chart 7)

    Considering Twelve Quarters of Results from 2016 to 2018

    From a top issue perspective, the following potential issues and the number of quarterly times they have been considered the top concern by survey respondents is shared to create context as to the cyclical concerns of eDiscovery professionals. (Table Overview)

    • Budgetary Constraints: The top concern six times in twelve quarters (2x Winter*, 2x Spring, 1x Summer, 1x Fall).
    • Increasing Volumes of Data: The top concern five times in twelve quarters (2x Winter*, 1x Spring, 1x Summer, 1x Fall).
    • Data Security: Never ranked as the top concern.
    • Increasing Types of Data: The top concern two times in twelve quarters (1x Summer, 1x Fall).
    • Lack of Personnel: Never ranked as the top concern.
    • Inadequate Technology: Never ranked as the top concern.

    * Top concern tie between Budgetary Constraints and Increasing Volumes of Data in the Winter of 2017.

    Survey Charts

    (Charts Can Be Expanded for Detailed Viewing)


    Chart 1: An Aggregate Overview of Issues Impacting eDiscovery Business Performance

    Issues Impacting eDiscovery Business Performance

     


    Chart 2: An Overview of the Percentage of Respondents Viewing Budgetary Constraints as the Top Issue Impacting eDiscovery Business

    budgetary-constraints

     


    Chart 3: An Overview of the Percentage of Respondents Viewing Increasing Types of Data as the Top Issue Impacting eDiscovery Business

    increasing-types-of-data

     


    Chart 4: An Overview of the Percentage of Respondents Viewing Data Security as the Top Issue Impacting eDiscovery Business

    chart.data-security

     


    Chart 5: An Overview of the Percentage of Respondents Viewing Increasing Volumes of Data as the Top Issue Impacting eDiscovery Business

    increasing-volumes-of-data

     


    Chart 6: An Overview of the Percentage of Respondents Viewing Lack of Personnel as the Top Issue Impacting eDiscovery Business

    lack-of-personnel

     


    Chart 7: An Overview of the Percentage of Respondents Viewing Inadequate Technology as the Top Issue Impacting eDiscovery Business

    inadequate.technology

     


    Running Listing of Survey Results

     


    Chart 8: Survey Participant Overview

    aggregate-respondents

    Source: Original Research

     

     

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

    ComplexDiscovery OÜ is a technology marketing firm providing strategic planning and tactical execution expertise in support of cyber, data, and legal discovery organizations. Focused primarily on supporting the ComplexDiscovery publication, the company is registered as a private limited company in the European Union country of Estonia, one of the most digitally advanced countries in the world. The company operates virtually worldwide to deliver marketing consulting and services.

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