In the classic movie Titanic, the crewman on watch spotted the iceberg looming ahead and yelled, “Iceberg, right ahead!”, but the crew wasn’t still able to adjust in time to avoid it and the ship sank. According to an article by Insight Optix, the eDiscovery iceberg is ahead for many who don’t adjust how they conduct it.
In their article The Iceberg is Ahead! Can You Avoid it in Time?, Insight Optix explores four key factors forcing eDiscovery teams to “change course”. Here’s one of them:
Billing Models for eDiscovery Solutions: Many cloud-based eDiscovery solutions have historically built their billing models on the amount of data collected, processed and hosted within their solutions, with the client billed a one-time charge for collection and processing, and a monthly charge for hosting – both based on volume of data. Those billing models are typically on a per gigabyte (GB) basis, so the more GBs that are collected, processed, and hosted, the more expensive it becomes to manage potentially discoverable data to support discovery use cases, such as litigation and investigations.
Interesting! So, what are the other three key factors that are causing the eDiscovery iceberg to be looming ahead for many organizations? More importantly, what can you do to avoid the eDiscovery iceberg and what are the objectives and benefits of a Strategic Discovery Scoping approach to do so? Find out here – it’s only one more click! 😉
So, what do you think? Do you think your organization is heading toward the eDiscovery iceberg? Please share any comments you might have or if you’d like to know more about a particular topic.
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