Wed. Aug 10th, 2022
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    Content Assessment: Issues Impacting eDiscovery Business Performance: A Spring 2021 Overview

    Information - 95%
    Insight - 95%
    Relevance - 100%
    Objectivity - 95%
    Authority - 95%

    96%

    Excellent

    A short percentage-based assessment of the qualitative benefit of the recent post highlighting issues impacting the business of eDiscovery.

    Editor’s Note: The results of the recent Spring 2021 eDiscovery Business Confidence Survey present the continuing impact of COVID constraints on the business of eDiscovery. However, for these pandemic-driven results and their potential impact on the business of eDiscovery to be fully understood, they should be viewed through the contextual lens of the results of all twenty-two surveys that have been administered to eDiscovery professionals since the inception of the eDiscovery Business Confidence Survey in early 2016.

    Initiated in January 2016, the survey has been administered twenty-two times with 2,432 individual responses. The latest survey was administered in the spring of 2021 and had 100 respondents.

    Budgetary Constraints: The Continuing Champion 0f Business Impact Issues

    The eDiscovery Business Confidence Survey is a nonscientific quarterly survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem. The survey consists of nine core multiple-choice questions focused on factors related to the creation, delivery, and consumption of eDiscovery products and services. Additionally, the survey contains three optional questions focused on the business operational metrics of days sales outstanding (DSO), monthly recurring revenue (MRR), and revenue distribution across customer bases.

    Initiated in January 2016, the survey has been administered twenty-two times with 2,432 individual responses. The survey is open to legal, business, and information technology professionals operating in the eDiscovery ecosystem, and individuals are invited to participate primarily via direct email invitations.

    The latest survey was administered in the spring of 2021 and had 100 respondents in roles that included executive leadership (31.0%), operational management (39.0%), and tactical execution (30.0%). Industry segments represented in the survey included software and service providers (37.0%), law firms (25.0%), consultancies (16.0%), corporations (9.0%), governmental entities (8.0%), media and research professionals (3.0%), and others (2.0%).

    One of the questions in the quarterly survey asks participants to select from a listing of six choices 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
    • Data Security
    • Inadequate Technology
    • Increasing Types of Data
    • Increasing Volumes of Data
    • Lack of Personnel

    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 on the business of eDiscovery.

    Six Key Findings in the Spring of 2021

    • In the spring of 2021, 25.0% 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 spring 2021 survey. This percentage is the lowest rating in the area of budgetary constraint concerns since the beginning of the COVID pandemic in the spring of 2020. It also should be noted that the four highest ratings of budgetary constraints as a primary concern for survey respondents have all occurred during the current COVID-19 pandemic, beginning with the spring 2020 survey. This is also the fourteenth time in twenty-two surveys that the issue of budgetary constraints has been the top concern or tied for the top concern by survey respondents. (Charts 1,2, and 3)
    • The percentage of respondents that viewed increasing types of data as a top business concern increased in the last quarter from 16.7% in the winter of 2021 to 22.0% in the spring of 2021. This is the second-highest rating in the area of data type concerns since the inception of the survey in the winter of 2016 (Chart 4)
    • Increasing data volumes continue to be a consistent concern for eDiscovery professionals with 19.0% of spring 2021 survey respondents viewing data volume challenges as potentially having a substantial impact on business in the next six months. This was a slight increase in this area from the 18.3% response rate in the winter 2021 survey. (Chart 5)
    • The percentage of respondents viewing the impact of data security as a top business issue increased slightly from the last quarter and is now viewed as the top concern by 14.0% of survey respondents. (Chart 6)
    • The impact of a lack of personnel on eDiscovery business performance strongly increased during the last quarter and is now the top concern for 11.0% of respondents, up from 5.0% in the winter of 2021. (Chart 7)
    • In the spring of 2021, the impact of inadequate technology as the top business issue strongly increased by 5.7% from the last quarter and is now viewed as the top concern by 9.0% of survey respondents. This is the lowest rating of any business performance impact concern in the spring 2021 survey. It is also is the twentieth time in twenty-two surveys that the impact of inadequate technology has been rated as the lowest area of business performance concern by survey respondents. (Chart 8)

    Considering Twenty-Two Quarters of Results from 2016 to 2021

    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.

    • Budgetary Constraints: The top concern fourteen times in twenty-two quarters (4x Winter*, 4x Spring, 3x Summer, 3x Fall).
    • Increasing Volumes of Data: The top concern six times in twenty-two quarters (2x Winter*, 2x Spring, 1x Summer, 1x Fall).
    • Increasing Types of Data: The top concern three times in twenty-two quarters (1x Winter, 1x Summer, 1x Fall).
    • Data Security: Never ranked as the top concern.
    • 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

    1 – Issues Impacting eDiscovery Business Performance – Spring 2021

     


    Chart 2: An Overview of Issues Impacting eDiscovery Business Performance in the Spring of 2021

    2 – Issues Impacting eDiscovery Business Performance – Spring 2021

     


    Chart 3: An Overview of the Percentage of Respondents Viewing Budgetary Constraints as the Top Issue Impacting eDiscovery Business

    3 – Impact of Budgetary Constraints on eDiscovery Business – Spring 2021

     


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

    4 – Impact of Increasing Types of Data on eDiscovery Business – Spring 2021

     


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

    5 – Impact of Increasing Volumes of Data on eDiscovery Business – Spring 2021

     


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

    6 – Impact of Data Security on eDiscovery Business – Spring 2021

     


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

    7 – Impact of Lack of Personnel on eDiscovery Business – Spring 2021

     


    Chart 8: An Overview of the Percentage of Respondents Viewing Inadequate Technology as the Top Issue Impacting eDiscovery Business

    8 – Impact of Inadequate Technology on eDiscovery Business – Spring 2021

     


    Chart 9: Survey Participant Overview

    0 – Survey Respondents (Individual and Aggregate Overview) – Spring 2021

    Running Listing of Survey Results

    Additional Reading

    Source: ComplexDiscovery

     

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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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