Are you surprised by that? Probably not. But this article from ProSearch explains why and why the few stragglers left need to embrace cloud-based discovery!
The article in Law Journal Newsletters (Cloud-Based Discovery Is at Critical Mass: Here’s Why, written by Kenneth Spencer of ProSearch) discusses the momentum behind the rise of cloud-based discovery and the business reasons why companies will have to embrace it.
Fact: In a 2021 survey, 95% of legal professionals said they expect cloud-based discovery to be the norm by 2023.
Why? In the survey, legal professionals ranked ease of use as the most beneficial aspect of a cloud-based system (43%), followed by speed and efficiency (16%) and the ability to collaborate across several different geological locations (11%). Additionally, legal professionals are already seeing the ROI of the cloud. Of those who have adopted new cloud technologies since the pandemic, 48% stated that the implementation went well, 34% reported improved efficiency due to the technology, and 29% have delivered better client services.
Frankly, I’m surprised those last few numbers aren’t higher.
These survey responses are in line with the inherent benefits of the cloud: it has low barriers to entry to promote ease of use (on-demand, self-service, available via restricted internet), is designed for speed and efficiency (resource pooling, rapid scalability, pay per use), and fosters collaboration across geographies (access control via the internet). These benefits have resulted in significant capital investments in cloud-based platforms and solutions. As a result, expect rapid technological advancements in cloud-based discovery solutions, particularly AI solutions.
What are some of the other reasons for the move to the cloud? And what percentage of corporate data is stored in the cloud? Kenneth covers that, and more, in his article here, which is the first of a two-part series.
So, what do you think? Is your organization still using an on-prem solution for eDiscovery? Please share any comments you might have or if you’d like to know more about a particular topic.
Disclaimer: The views represented herein are exclusively the views of the author, and do not necessarily represent the views held by my employer, my partners or my clients. eDiscovery Today is made available solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscovery Today should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.