In the U.S., the ABA has estimated that document review alone accounts for more than 80 percent of total litigation spend, totaling tens of billions of dollars per year. As data becomes more varied and complex and volumes increase, that number is only going to rise. The dominance of social media, the increased use of short form multichannel messaging platforms, and even the growing popularity of podcasts have only widened the scope of what is considered fair game for discovery.
From GDPR to HIPAA, and ever-evolving state and federal regulations, the need for clear and effective strategies for management of seemingly endless amounts of data is at an all-time high. Organizations must focus on Information Governance not only to minimize potential liability, but to improve operations and reduce costs.
Virtually every company will need to collect and/or transfer data from one location to another at some point. While this may seem to be a routine matter, there are dangers, particularly when it comes to eDiscovery.