21 Dec IBM branching into eDiscovery market
Big data and more electronic file usage have created a market ripe for compliance errors, storage fumbles and security faux paus than any one firm can keep up with. The burgeoning eDiscovery market has largely been fueled by the complexity of systems, and IBM intends to take full advantage of this, announcing plans to acquire a leading electronic discovery firm, StoredIQ.
Understanding eDiscovery options
The function of eDiscovery is to help uncover important information regarding civil trials and lawsuits that implicate an entity as having some part in incurring damages on the party bringing forth the request. Some companies have decided to take initiative on these issues, though, and use eDiscovery tools to locate their own shortcomings before litigation forces them into it.
All Things Digital announced that IBM is buying up StoredIQ, one of those businesses that specializes in helping companies protect themselves from eDiscovery cases by helping them locate problems in their existing systems. The source stated that, unlike other services, StoredIQ focuses on restructuring data where it already resides, a much cheaper way of handling things than other entities, who support transporting information into new hardware and software structures in order to start fresh.
Preparing for the worst
IBM will add StoredIQ to its corral of data management and governance offerings, called Information LifeCycle Governance, a cost-cutting solution geared toward helping companies take control of the assets they already own. Since other eDiscovery providers promote migration of data from one site to another, files can be lost or pushed into silos where they show little hope of being useful in the future. On the other hand, IBM's acquisition of StoredIQ will help steer companies toward better analytics, as they draw on a wealth of knowledge stretching back to the beginning of corporate archives.
Electronic Discovery is slated to continue its annual growth trend of more than 15 percent per year through the end of 2015. According to TechNavio's Gobal eDiscovery forecast, the amount of lawsuits expected to be brought before regional courts will increase steadily in correlation, including petitioners from both corporate and consumer spheres. The intricacy and volume of these requests could overload a storage infrastructure unprepared for such inquiries, making the pre-emptive demand for eDiscovery services rise as well.