Using an eDiscovery service may expedite the collection of material and reduce the likelihood of human error during the investigative phase of litigation, according to a report by Epiq Global.
The report, titled "Beyond Discovery: Reducing the Cost of Investigations," explains that the investigation process, which may be costly and resource-intensive, consists of eight steps, including information governance, identification, preservation and collection, processing, review and analysis, as well as the production and presentation.
"Efficiency is a big play because there are literally thousands of records that potentially need to be pulled in," James Reynolds, vice president of client services at Peak Outsourcing, said. "But it is a quality over quantity type of aspect, type of an approach that's really, really important."
The first phase and basis of an inquiry is the acquisition of data; however, businesses that rely on their own IT systems are susceptible to data corruption, delays and security breaches.
There is also the possibility of a cost increase if the data must be reacquired after being destroyed.
However, processing data via the usage of an eDiscovery provider gives the organization access to data extraction that has been reviewed through a comprehensive and established set of standard processes to assure report accuracy and dependability.
The most time-consuming step of an EDRM is the review of the acquired data and information from the previous phases.
Errors that have occurred in the past and improper phase completion often result in an immediate price rise since the mistake or phase must be repeated.
In order to expedite the review process, document reviewers are able to provide their clients discovery technology services, such as threading and targeted quality control reviews.
Using an eDiscovery client enables the analysis phase to concurrently process multiple points of analysis for large data sets.
As a result, retrieving data with limitless grouping possibilities and complexity may assist in minimizing the number of papers and classifying information so that it can be retrieved faster.
The final two steps of an investigation, production and presentation, benefit from the usage of eDiscovery services by enabling evidence acquired to be generated in a certain manner, yet coded so that it can be easily recognized.
According to the report, the EDRM procedure ensures that the findings are provided.