Emerging Trends in eDiscovery

Due to its very nature, the eDiscovery market is extremely volatile and dynamic. As new technologies emerge, the landscape could be very different even a couple of years from now.

Things like cloud computing, the Internet of Things (IoT), and Artificial Intelligence (AI) have already started to take hold in the eDiscovery world. Though it’s almost impossible to predict some of the future trends in eDiscovery, that hasn’t stopped us from giving it a shot. By studying current market norms and data, we’ve come up with a few trends in eDiscovery that will be prominent in the future.

Rise of In-House eDiscovery

If you told someone a few years ago to buy their own eDiscovery tools and bring their workflow in-house, they would’ve called you a lot of words we probably can’t mention. However, we now see eDiscovery tools becoming not just a viable alternative, but the first choice for many companies.

Providers like DISCO, Everlaw, Relativity, etc., have rolled out tech-powered tools that almost anyone with some sound eDiscovery knowledge can use. Plus, these tools are fast, efficient, and safe. Tech-powered features like cognitive analytics, natural language processing, and predictive coding are too enticing to ignore.

Plus, in-house tools allow firms to customize their eDiscovery processes to fit their needs and budget.

AI vs. Human

One of the most important emerging trends in eDiscovery is the emergence of AI-driven technology. Most eDiscovery platforms already leverage artificial intelligence to assist users in improving their work speed and accuracy, especially in the review process.

Things like conceptual clustering can help make search queries easier than ever before. Machine learning is currently used by many tools in revealing patterns during the review process. Additionally, natural language processing AI is making reading data easier than ever before.

But this is just the start; the true challenge for the industry lies in curbing the reluctance from professionals in adopting this new technology. How can companies get employees to adopt these new technologies wholeheartedly? It’s a question that needs to be answered very soon.

Increasing Importance of Data Protection and Privacy Laws

The General Data Protection Regulation (GDPR) passed by the EU has been a hot topic of discussion in eDiscovery circles and is something all firms need to work hard and fast to adapt to.

More than 100 countries today already have their own data protection laws, with more on the way. With all these regulations, companies may have to walk a tight rope if they have global operations or look to adapt their workflow geologically.

As far as emerging trends in eDiscovery go, this one has many companies worried due to the costs involved in adapting to the new regulations. There are also hefty fines for those who do break the regulations.

Privacy is expected to grow in importance and comprehensive data management technologies will be vital for the future.

Conclusion

Recognizing the emerging trends in eDiscovery isn’t enough. Companies need to prepare for upcoming challenges today because the future isn’t decades away—it’s waiting just around the corner. Adopting new technologies and perfecting eDiscovery protocols should be on top of the priority list for companies.

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