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As we have discussed in the past, there are many challenges associated with eDiscovery. Improving your organization's Office 365 compliance is also a major concern. Improvements to Office 365 Advanced eDiscovery now allow customers to export data to third-party review applications including Epiq DocuMatrix, iConect XERA, Relativity and Recommind Axcelerate.
The Advanced eDiscovery module within Office 365 integrates Equivio machine learning, predictive coding and text analysis capabilities to reduce the costs and challenges that come with sorting through large amounts of data during eDiscovery. This further strengthens the eDiscovery capabilities present within Office 365. We discussed some of them in an earlier blog post as well.
This is clearly a valuable update for records managers and general counsel alike. Anything that can be done to improve the eDiscovery process and decrease the amount of time and money spent is incredibly crucial. Almost every organization will be affected by litigation at some point and being prepared from a records management standpoint will vastly improve efficiency. On average, to conduct an eDiscovery alone, with the amount of electronic data most companies have these days, will cost ~$3 million USD, notwithstanding any other legal representation fees. Additionally, with most IT departments typically focusing the IT purchase around ROI or ability to perform disaster recovery, the hidden cost of not having a well thought through plan to manage a litigation event can be extremely costly.
Office 365 compliance can sometimes be forgotten with companies storing records in shared drives or other repositories, but any information governance program needs to consider all records in all places and how they affect the company.
Here at Gimmal, we have worked hard to integrate with Office 365 including releasing an Outlook app. Being able to manage all of your records in-place wherever they may live is what sets us apart and we are committed to this mission.