Electronic Discovery is migrating to the cloud.
E-Discovery – the process by which evidence is identified and extracted from a company’s electronic data during civil litigation – is a growing market. Some predict that the size of the industry will grow from around $3 billion per year in 201o to an estimated $6 billion by 2013.
Industry experts predict that of the 20 or so companies that currently dominate the Electronic Discovery space, the biggest winners in the expansion will be the ones with proprietary platforms they can hone and perfect rather than those who are piecing together an discovery packages through a variety of methods.
Cloud e-Discovery is based on a three level system: IaaS (Infrastructure as a Service), PaaS (Platform as a Service) and SaaS (Software as a Service).
Cloud platforms have the advantages of being accessible on demand at any time or location. They can also be run on any operating system.
Because of the flexibility of the platform, clients can scale the amount of service they need over time without any additional cost. Clients pay for usage only and contract terms can be as short as a month.
There is no need to install software or pay for upgrades as the system improves. Furthermore, some estimates find that using a cloud-based e-Discovery vendor could reduce your IT infrastructure costs by 54 percent by reducing your IT staff hours and the cost of software and hardware upgrades.