Growth in cybersecurity risk, global investigations and new regulation will fuel significant change in the e-discovery industry in 2015, Kroll Ontrack has predicted.
The e-discovery firm predicts a growing cybersecurity risk to data and says companies need to know where their data is, and how to access it and set up early warning systems.
It predicts that, as litigation continues to demand ever-increasing volumes of electronic evidence, lawyers will offer more alternative solutions, such as outsourcing. Legal risk will become increasingly global, therefore companies will need to rely more on international e-discovery solutions for compliance and auditing. Firms will need to review documents in multiple languages and across various jurisdictions. Greater use of social media and mobile data will also increase the need to analyse data.
Tim Phillips, managing director of Kroll, says: “2015 will be the year when e-discovery truly becomes a key part of corporate information governance and management.”
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