Results of eDSG Poll of the General Counsel and Chief Information Officers of the Global 250 on the Use of Predictive Technology
In preparation for the 2013 Predictive Technologies in eDiscovery and Information Governance Buyer’s Guide, eDiscovery Solutions Group (eDSG) conducted a poll of the General Counsel (GC) and Chief Information Officers (CIOs) of the Global 250 regarding their views on Predictive Technology. The poll was distributed in early December of 2012 and concluded Friday February 1, 2013. Participation was greater than 50%.
Preliminary results from the poll indicate that 85% of the GCs that voted believed that that Predictive Technology will play a major role in increasing litigation worker productivity and reducing the overall cost of eDiscovery. Preliminary results from the poll indicate that 90% of the CIOs that voted believe that Predictive Technology will play a major role in increasing knowledge worker productivity and reducing the overall cost of eDiscovery, Information Governance and Business Intelligence (BI) in general. Following is a summary of the preliminary results from the GC poll:
General Counsel Results
- 85% = Predictive Technology will play a major role in increasing litigation related worker productivity and reducing the overall cost of eDiscovery.
- 80% = Predictive Technology could be valuable throughout the entire eDiscovery Lifecycle.
- 75% = Predictive Technology vendors were not doing very good job differentiating their products.
- 73% = Legal system didn’t really understand fundamental and underlying technology of Predictive Technology.
- 70% = Predictive Technology training for all non-technical legal personnel would be important to increase the use and the acceptance of the technology.
- 68% = Predictive Technology would be very valuable in searching and processing Social Media.
- 67% = Predictive Technology needed to be part of an overall eDiscovery solution.
- 66% = Believe that Predictive Technology would be the technology that would enable eDiscovery to be brought in-house.
- 65% = Would Utilize Predictive Technology in 2013.
- 63% = Would begin to only utilize outside counsel that supported Predictive Technology as part of their eDiscovery solution.
- 60% = Would only utilize LPOs that supported some type of Predictive Technology to reduce the cost of document review.
- 54% = Would be interested in a managed services solution that included Predictive Technology.
- 35% = Would still utilize LPO for Document Review work.
- 15% = Believe that Predictive Technology is not ready for the main legal processing market.
The full results of the eDSG poll of the General Counsel (GC) and Chief Information Officers (CIOs) of the Global 250 regarding their view on Predictive Technology will be released in Spring of 2013.
Category: Computer Aided Review, Computer Assisted eDiscovery, Computer Assisted Review. Document Review, Early Case Assessment, ECA, eDiscovery, Predictive Coding, Predictive Technology, TAR, Technology Assisted Review