The eDiscovery Business Confidence Survey

The Fall 2017 Survey response period was initiated on October 5, 2017, and continued until registration of approximately 100 responses (October 17, 2017). This limiting of responders to approximately 100 individuals is designed to create linearity in the number of responses and ease the administration for each quarterly survey.

While individual answers to the survey are confidential, the aggregate results are published without commentary below to highlight the business confidence level of participants regarding economic factors impacting the creation, delivery, and consumption of eDiscovery products and services during the Fall of 2017.

n = 100 Respondents

1. Which of the following segments best describes your business in eDiscovery?
Part of the eDiscovery ecosystem where your organization resides.

Software and/or Services Provider – 44%

Law Firm – 35%

Consultancy – 11%

Corporation – 4%

Media/Research Organization – 0%

Other – 3% (Education)

Governmental Entity – 3%

2. How would you rate the current general business conditions for eDiscovery in your segment?
Subjective feeling of business performance when compared with business expectations.

Good –55%

Normal – 36%

Bad – 9%

3. How do you think the business conditions will be in your segment six months from now?
Subjective feeling of business performance when compared with business expectations.

Better – 55%

Same – 41%

Worse – 4%

4. How would you guess revenue in your segment of the eDiscovery ecosystem will be six months from now?
Revenue is income generated from eDiscovery-related business activities.

Higher – 56%

Same – 39%

Lower – 5%

5. How would you guess profits in your segment of the eDiscovery ecosystem will be six months from now?
Profit is the amount of income remaining after accounting for all expenses, debts, additional revenue streams, and operating costs.

Same – 44%

Higher – 45%

Lower – 11%

6. Of the six items presented below, what is the issue that you feel will most impact the business of eDiscovery over the next six months?
Challenges that may directly impact the business performance of your organization.

Budgetary Constraints – 31%

Increasing Volumes of Data – 24%

Data Security – 13%

Lack of Personnel – 11%

Increasing Types of Data – 11%

Inadequate Technology – 10%

7. In which geographical region do you primarily conduct eDiscovery-related business?
The location from which you are basing your business assessments.

North America (United States) – 89%

North America (Canada) – 4%

Europe (UK) – 3%

Europe (Non-UK) – 3%

Asia/Asia Pacific – 1%

Central/South America – 0%

Middle East/Africa – 0%

8. What are best describes your primary function in the conduct of your organization’s eDiscovery-related business?

Legal/Litigation Support – 69%

Business/Business Support (All Other Business Functions) – 26%

IT/Product Development – 5%

9. What are best describes your level of support in the conduct of your organization’s eDiscovery-related business?

Executive Leadership – 48%

Operational Management 36%

Tactical Execution – 16%

All credit for this survey goes to Rob Robinson and Complex Discovery. We do not take credit for taking part in this survey or in its creation. We thought it was an interesting view into the eDiscovery space that was worth sharing.

To see the full meta data and original article visit: https://www.complexdiscovery.com/info/2017/10/18/challenge-of-constraints-ediscovery-business-confidence-survey-results-fall-2017/