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Content Assessment: The Fall 2023 eDiscovery Business Confidence Survey

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Excellent

A short assessment of the qualitative benefit of the recent post highlighting the business confidence survey of cybersecurity, information governance, and legal discovery professionals operating in the eDiscovery ecosystem.

Editor’s Note: Are you a cybersecurity, information governance, or legal discovery professional operating in the eDiscovery ecosystem? If so, ComplexDiscovery is pleased to extend an invitation for you to participate in the Fall 2023 eDiscovery Business Confidence Survey. In this Fall 2023 edition of the survey, we are excited to introduce three new questions specifically focused on Language Learning Models (LLMs) and Generative AI (GAI). These questions aim to explore the perceived benefits, challenges, and current adoption levels of LLMs and GAI technologies within the eDiscovery ecosystem. As these technologies become increasingly integral to the industry, your insights on these topics will be particularly valuable for shaping future strategies and implementations.


Industry Survey*

The Fall 2023 eDiscovery Business Confidence Survey

Participation Request

The quarterly eDiscovery Business Confidence Survey has been administered thirty-one times since early 2016, with 3,085 individual responses from eDiscovery industry professionals. The survey provides valuable insight into the current business confidence of cybersecurity, information governance, and legal discovery professionals in the eDiscovery ecosystem. Today ComplexDiscovery kindly asks you to share your observations and opinions on the eDiscovery business climate by participating in the Fall 2023 eDiscovery Business Confidence Survey.


The survey consists of 15 core questions, including three new multiple-choice questions focused on understanding the use of Large Language Models (LLMs) and Generative Artificial Intelligence (GAI) in the eDiscovery ecosystem. The entire survey can be completed in less than five minutes and is open to cybersecurity, information governance, and legal discovery professionals operating in the eDiscovery ecosystem. Whether analyst or observer, reporter or communicator, law firm, service provider, or governmental agency expert or consultant, your informed opinion of the business climate for eDiscovery is highly sought after for the Fall 2023 eDiscovery Business Confidence Survey.
 
Business Confidence Survey Questions
 
  • Which of the following segments best describes your business in eDiscovery?
  • How would you rate the current general business conditions for eDiscovery in your segment?
  • How do you think the business conditions will be in your segment six months from now?
  • How would you guess revenue in your segment of the eDiscovery ecosystem will be six months from now?
  • How would you guess profits in your segment of the eDiscovery ecosystem will be six months from now?
  • 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?
  • In which geographical region do you primarily conduct eDiscovery-related business?
  • What area best describes your primary function in the conduct of your organization’s eDiscovery-related business?
  • What area best describes your level of support in the conduct of your organization’s eDiscovery-related business?
  • NEW: How would you characterize the use of LLMs and GAI in your organization’s operations or offerings?
  • NEW: Of the options provided, which one do you perceive as the primary benefit of integrating LLMs and GAI into your organization’s operations or offerings?
  • NEW: Of the options provided, which one do you perceive as the primary challenge of integrating LLMs and GAI into your organization’s operations or offerings?
  • How would you characterize the trajectory of your organization’s Days Sales Outstanding (DSO) during the last quarter?
  • How would you characterize the trajectory of your organization’s Monthly Recurring Revenue (MRR) during the last quarter?
  • Which of the following statements best describes the distribution of your organization’s revenue across your customer base during the last quarter?

ComplexDiscovery will anonymize responses to the survey and will not share any individual or organizational contact data, demographics, or answers.

The Fall 2023 eDiscovery Business Confidence Survey response period will be between today and no later than late September 2023. Upon completion of the survey, the results will be anonymized, provided to all participants via email, and published on the ComplexDiscovery website.

As your opinion is important in helping form a picture of the business climate for eDiscovery, please do take the time to complete this short survey, as the results will provide professionals in the eDiscovery ecosystem with an important reference for considering business decisions.


Source: ComplexDiscovery
 

 

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ComplexDiscovery OÜ is a highly recognized digital publication focused on providing detailed insights into the fields of cybersecurity, information governance, and eDiscovery. Based in Estonia, a hub for digital innovation, ComplexDiscovery OÜ upholds rigorous standards in journalistic integrity, delivering nuanced analyses of global trends, technology advancements, and the eDiscovery sector. The publication expertly connects intricate legal technology issues with the broader narrative of international business and current events, offering its readership invaluable insights for informed decision-making.

For the latest in law, technology, and business, visit ComplexDiscovery.com.

 

Generative Artificial Intelligence and Large Language Model Use

ComplexDiscovery OÜ recognizes the value of GAI and LLM tools in streamlining content creation processes and enhancing the overall quality of its research, writing, and editing efforts. To this end, ComplexDiscovery OÜ regularly employs GAI tools, including ChatGPT, Claude, Midjourney, and DALL-E, to assist, augment, and accelerate the development and publication of both new and revised content in posts and pages published (initiated in late 2022).

ComplexDiscovery also provides a ChatGPT-powered AI article assistant for its users. This feature leverages LLM capabilities to generate relevant and valuable insights related to specific page and post content published on ComplexDiscovery.com. By offering this AI-driven service, ComplexDiscovery OÜ aims to create a more interactive and engaging experience for its users, while highlighting the importance of responsible and ethical use of GAI and LLM technologies.