Friday, June 5, 2009

Survey shows that companies are still struggling with ediscovery practices

A global survey undertaken by HP found that less than half of business decision-makers have a high confidence level in the quality and accessibility of information within their organisations.

Most organizations remain ill-equipped to manage information for electronic discovery requests in a timely and cost-effective manner. This is due to the lack of a proactive strategy, solutions and funding to properly address requests.

When asked which “information-centric” projects they would spend on in the next two years, respondents noted document workflow transformation, records management and e-discovery/compliance.

However, companies are still struggling with these fundamental requirements, primarily because they don’t understand the requirements for responding to ediscovery requests. In addition, they lack the funding for the right technology

More than half of respondents from small and medium-sized businesses cited a lack of understanding of e-discovery requirements as the main reason for not establishing an effective e-discovery strategy. They also noted the lack of a business case.

Of the respondents surveyed, nearly 80 percent recognized a need to address at least three types of electronically stored information with an e-discovery solution: emails (89 percent), office documents (78 percent) and data in databases (72 percent).(2)

As much as 80 percent of content within organizations today is “unstructured,” or information that is not held within a database.

Very few organizations said they would be looking to address multimedia information sources through ediscovery solutions. This raises the question of how organizations would deal with the complexities of an e-discovery request that includes other forms of unstructured content including text messages, video, audio and social media content.

The survey included telephone interviews with 142 business and technology executives in organizations with more than 10,000 employees in the US, UK, Australia and Singapore. Interviews spanned industries such as manufacturing, finance, wholesale, retail, construction and government.

HP also conducted an online survey on the barriers, priorities and requirements associated with establishing an e-discovery strategy. Respondents were predominantly senior executives based in the United States.

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