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article: sloppy e-discovery can cost you millions

IT Analyst

By Joanne Cummings

Your company has been hit by a lawsuit. Do you know the whereabouts of all its electronically stored information?

Lawsuits are a fact of life for organizations today. Recent surveys show that the average U.S. company faces 305 suits at any one time; that number jumps to 556 for companies with $1 billion or more in revenue.

With each lawsuit comes the obligation for ediscovery -- production of evidence for presentation to the other side in a legal dispute. In the past, this evidence consisted primarily of paper records, such as contracts, bills of sale, printed correspondence and so on. However, with the rise of the New Data Center, 95% of all business communications now are created and stored electronically. That places the focus on
e-discovery: finding and managing electronically stored information (ESI).

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awesome article. I have a feeling you are working for an LPO too. Just an observation. Coz i do too. cheers!!

 
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