A Quick Look at eDiscovery Industry Kinetics: Four Areas of Interest

From ACEDS, ACC and ILTA to Chambers, ClariLegal, and CLOC, there are many excellent resources for considering the business of eDiscovery. Analyst firms, associations, companies, and consortiums are chock full of industry data and details that may be helpful for building a comprehensive understanding of the business of eDiscovery. In this article ComplexDiscovery shares four resources that may be useful in considering the past, current, and future market kinetics of the business of eDiscovery.

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U.S. Leadership in AI: A Plan from NIST

“The federal government can help the U.S. maintain its leadership in AI by working closely with our experts in industry and academia, investing in research, and engaging with the international standards community,” said Under Secretary of Commerce for Standards and Technology and NIST Director Walter G. Copan. “This plan provides a path to ensure the federal government supports AI standards that are flexible and inclusive—and suited for a world of rapidly changing technologies and applications.”

Predictive Coding Technologies and Protocols: Fall 2019 Survey

The Predictive Coding Technologies and Protocols Survey is a non-scientific semi-annual survey designed to help provide a general understanding of the current application of predictive coding technologies, protocols, workflows, and uses by data discovery and legal discovery professionals.

As your opinion is essential in helping form a complete picture of the interest and impact of predictive coding in eDiscovery, please do take the time to complete this short, anonymized survey, as the results will help legal, business, and technology professionals in the eDiscovery ecosystem better understand the current use of predictive coding.

KLDiscovery By The Numbers: Second Quarter 2019 Results

“We are pleased with our record second quarter of strong growth and the continued momentum our business is enjoying in the third quarter,” said Chris Weiler, Chief Executive Officer of KLDiscovery. “We are expanding our relationships with existing clients, targeting new clients and expanding into new verticals both organically and through strategic acquisitions,” said Mr. Weiler.

ayfie Raises $10 Million in Funding

“We are very proud of ayfie’s excellent development since the initial round of funding. ayfie is solving problems that other less sophisticated systems cannot,” says Erik Baklid, CEO of ayfie. He adds: “The funding supports with power the achievement of our next business milestones taking full advantage of the momentum we’ve created.”

Four Eras of eDiscovery? One Approach to Framing Market Growth

With the understanding that there are many ways to construct a framework for considering and conversing about market growth over time, provided in a talking point format is one era-based approach that may be helpful for deconstructing time frames, market size, growth rates, and investment pulse rates for the eDiscovery market from 2002 through 2023. This era-based approach also attempts to put a memorable “face” on each defined growth period by associating each era with one prominent eDiscovery platform from that era.

Head in the Clouds? The New IDC eDiscovery SaaS Review Software Report

Published on August 12, 2019, by the research and analyst firm IDC, the new IDC MarketScape: Worldwide eDiscovery SaaS Review Software Assessment report (Doc #US44752919) shares information and insight on the eDiscovery software market through the lens of software delivered via SaaS public cloud implementations. This information may be useful for legal, business, and IT professionals seeking to better understand market demands and buyer needs for eDiscovery review software.

eDiscovery Business Kinetics: DSO, MRR, and Customer Revenue Distribution (Summer 2019)

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.

Chambers Litigation Support 2019: An Independent Assessment of Litigation Support Services Providers

Compiled by researchers and supported by more than 500 in-depth interviews with senior market leaders around the world, “Chambers Litigation Support” is an objective guide that presents an independent assessment of leading litigation support services providers in areas ranging from litigation funding and eDiscovery to public relations and business intelligence investigations.

A Warship on the Network? A New Cybersecurity Challenge

Similar to wardriving, when you cruise a neighborhood scouting for Wi-Fi networks, warshipping allows a hacker to remotely infiltrate corporate networks by simply hiding inside a package a remote-controlled scanning device designed to penetrate the wireless network–of a company or the CEO’s home–and report back to the sender.