Put Big Data on a Diet and Minimize eDiscovery Cost and Risk with Defensible Data Deletion from StoredIQ
Intelligently reduce “Big Data” for more effective and efficient eDiscovery
Austin, TX — January 25, 2012 — StoredIQ, a leader in actionable information governance solutions for eDiscovery, records management, compliance and storage, announced today the availability of a new service offering for defensibly reducing enterprise data to ease the burden of identifying, analyzing and collecting matter-relevant information. The StoredIQ Defensible Data Deletion solution utilizes the StoredIQ Platform to help organizations gain insight into business-critical information distributed across the enterprise. By applying intelligence to the governance of Big Data, organizations can reduce the overall corporate data volume by up to 80%, significantly improving the efficiency and success of their eDiscovery initiatives while reducing legal cost and risk.
Explosive growth from unstructured data continues to impede the legal discovery process. According to a recent Enterprise Strategy Group (ESG) survey, 69% of corporate counsel indicated that working more closely with IT and records management to expire and delete data to limit unnecessary data retention for future litigation requests was the most important priority facing their internal eDiscovery process. Legal and compliance issues typically trigger urgent IT and legal triage, but putting out these fires reactively doesn’t solve the larger problem of poor data governance– often the source of significant costs for large eDiscovery data productions. Minimizing long-term cost and risk requires proactive solutions to reduce irrelevant or “junk” data, and better understand where responsive, regulated or litigious data may be located.
“Defensibly deleting non-business data minimizes future productions for legal and regulatory requests, including the often significant eDiscovery labor and costs for identification, collection, processing, and costly downstream attorney review,” said Katey Wood, analyst with Enterprise Strategy Group. “Whether during the immediate eDiscovery response or as part of an initial plan for better proactive preparation and ongoing compliance, StoredIQ can offer corporations immediate cost savings and ongoing risk avoidance.”
StoredIQ Defensible Data Deletion – Key Phases
Phase 1 – Identify: Find data at a granular level; understand its current and potential business value across your enterprise including within: Content and Records Management Systems, Email, SharePoint, Desktops/Laptops, and archives.
Phase 2 – Manage: Classify data according to retention and disposition policies, and compliance mandates including: PII, PCI, FINRA, Dodd-Frank, Legal hold, Aged /obsolete data, Non-business data.
Phase 3 – Act: Manually or automatically take corrective action to: Protect, Delete, Expire, Migrate, Store, and Optimize data.
To learn more about StoredIQ’s Defensible Data Deletion solution, stop by the StoredIQ booth at LegalTech — #214 — download the Defensible Data Deletion solution sheet, or email us at info@storediq.com.
Make 2012 the year you get your corporate data in shape! Intelligently reduce “Big Data” for more effective and efficient eDiscovery and information governance.
StoredIQ’s new service offering for defensibly reducing enterprise data is designed to ease the burden of identifying, analyzing and collecting matter-relevant information. The StoredIQ Defensible Data Deletion solution utilizes the StoredIQ Platform to help organizations gain insight into business-critical information distributed across the enterprise. By applying intelligence to the governance of Big Data, organizations can reduce the overall corporate data volume by up to 80%, significantly improving the efficiency and success of their eDiscovery initiatives while reducing legal cost and risk.
Explosive growth from unstructured data continues to impede the legal discovery process. According to a recent Enterprise Strategy Group (ESG) survey, 69% of corporate counsel indicated that working more closely with IT and records management to expire and delete data to limit unnecessary data retention for future litigation requests was the most important priority facing their internal eDiscovery process. Legal and compliance issues typically trigger urgent IT and legal triage, but putting out these fires reactively doesn’t solve the larger problem of poor data governance– often the source of significant costs for large eDiscovery data productions. Minimizing long-term cost and risk requires proactive solutions to reduce irrelevant or “junk” data, and better understand where responsive, regulated or litigious data may be located.
“Defensibly deleting non-business data minimizes future productions for legal and regulatory requests, including the often significant eDiscovery labor and costs for identification, collection, processing, and costly downstream attorney review. Whether during the immediate eDiscovery response or as part of an initial plan for better proactive preparation and ongoing compliance, StoredIQ can offer corporations immediate cost savings and ongoing risk avoidance.” – Katey Wood, Enterprise Strategy Group
StoredIQ Defensible Data Deletion – Key Phases
Phase 1 – Identify: Find data at a granular level; understand its current and potential business value across your enterprise including within: Content and Records Management Systems, Email, SharePoint, Desktops/Laptops, and Archives.
Phase 2 – Manage: Classify data according to retention and disposition policies, and compliance mandates including: PII, PCI, FINRA, Dodd-Frank, Legal hold, Aged /obsolete data, and Non-business data.
Phase 3 – Act: Manually or automatically take corrective action to: Protect, Delete, Expire, Migrate, Store, and Optimize data.
To learn more about StoredIQ’s Defensible Data Deletion solution, stop by the StoredIQ booth at LegalTech — #214 — download the Defensible Data Deletion solution sheet, or email us at info@storediq.com.
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