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About BDO Consulting BDO Consulting, a division of BDO USA, LLP, provides clients with Financial Advisory, Business Advisory and Technology Services in the U.S. and around the world, leveraging BDO’s global network of nearly 60,000 professionals. Having a depth of industry expertise, we provide rapid, strategic guidance in the most challenging of environments to achieve exceptional client service. For more information, please visit www.bdo.com. About BDO BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through 63 offices and more than 450 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of 1,408 offices in 154 countries. BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com. © 2016 BDO USA, LLP. All rights reserved. For more information contact: BDO's Forensic Technology Services practice leader: Stephanie Giammarco 212-885-7439 / [email protected] The global e-discovery market surpassed $10 billion in 2015, according to IDC. Forecast to grow at a rate of nearly 10% for the next three years, e-discovery software and services are anticipated to reach over $14.7 billion by 2019. Here are the top 5 trends we predict will define e-discovery in 2016: Doubling Down on Information Governance IG gains more prominence as cybersecurity, regulatory and Big Data concerns drive risks and costs even higher. Expect to see companies revisit their IG strategies in pursuit of data centralization, defensible data deletion and economies of scale. More than 70% of enterprise data has no business or legal value. Cross-Border Gets Increasingly Complicated The U.S.-EU Safe Harbor framework, permitting the transfer of personal data from the EU to the U.S., has been invalidated by the European Court of Justice. With no replacement agreement in place, companies may now have to adjust their data collection and storage practices to abide by European data privacy regimes on a country-by-country basis. 4,400 U.S. and European companies were affected by the agreement's invalidation and will need to rethink how they handle users' personal data. The Internet of Things Revolution The new world of connected "smart" physical objects is adding more to data overload, but that doesn't mean it is relevant to corporate litigation and investigations. Machine-to-machine communication primarily generates structured data that is typically irrelevant to large corporate cases, with the exception of smaller employment-related matters. Avoid getting swept away by the Io T craze and narrow your review to usable data. 6.4 billion connected things will be in use worldwide in 2016. Sources: Worldwide eDiscovery Services Forecast 2014 – 2019, International Data Corporation, Preservation Costs Survey, University of Chicago Law School / BDO Inside E-Discovery Survey / Gartner / CGOC Playing By New Rules The new amendments to the FRCP are a game-changer, particularly in the area of e-discovery. Effective December 1, 2015, the new FRCP amendments limit the scope of e-discovery based on proportionality and lighten the burden of preservation. Less than 50% of all preserved data is collected, processed and reviewed. TAR 2.0 It's all about how you use it. Now that technology-assisted review (TAR) has gone mainstream, expect to see the focus shift from adopting TAR to best practices in application. 47% of organizations with $1B+ in revenues have adopted TAR.
