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Reducing and Controlling E-Discovery Cost in an Age of Unchecked Data Growth
The complex ESI environment is only getting harder to navigate, and proper support is as important as accurate initial scoping.
By Peter Mercer, Vound|October 31, 2017 at 08:00 AM
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The price of deploying the biggest and most expensive e-discovery software now runs up against clients seeking the best outcomes while minimizing costs. In this decade alone, technology experts forecast a 50-fold increase in the size of the digital information universe between 2010 and 2020. The temptation to throw money at an ESI tsunami may be a tempting course. Clients’ increasing attention to budgets makes it untenable to throw technology at the problem without regard to cost, however.
Already, broad industry forecasts project that e-discovery spending, estimated at $8.25 billion in 2016, will rise about 13.5 percent annually through 2020, to about $13.6 billon. Software spending alone totaled $2.2 billion last year and is forecast to grow about 14.5 percent annually, reaching about $3.9 billion by 2020.
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