By admin on October 18th, 2011
We know from our many corporate legal customers that they are increasingly focusing on the business value and ROI from strengthening their company’s ‘left-side’ EDRM capabilities and understand that sound information governance practices result in highly targeted and effective eDiscovery.
Records Management, unfortunately too often sometimes seen as an expensive and necessary evil, is actually a solid starting point to realize bottom line financial gains, and minimize legal risk. According to a 2009 study by IDC, 60 to 80 percent of the information retained by corporations in America has no value from a business or legal perspective.
Content and records management systems can provide very powerful control over information, but they offer little value if content never makes it into the system. This is the Achilles heel of records management – requiring users to go through a manual filing process that they perceive as having little value to them. As a result, work-in-progress files and other content languish in unmanaged environments such as shared drives and desktops – out of sight and out of control. Realizing the increased legal and regulatory risk this presents.
Leveraging the deep data insight and control that we’ve brought to the legal department, StoredIQ’s new records management application, RecordsIQ, gives records managers the necessary data intelligence to identify, manage and clean-up corporate records. However, And unlike other solutions in the marketplace, RecordsIQ provides in-place analysis and classification of data without requiring knowledge worker involvement. By empowering the records management team to defensibly delete data, corporations can significantly reduce legal and compliance risks, and yield tangible ROI in the IT storage budget.
RecordsIQ is designed to address a wide range of records retention, disposition and management requirements. By integrating an easy to use records management application with the power of the StoredIQ platform, records managers have a single solution to make informed decisions about the business value of their enterprise data, while increasing operational efficiencies and reducing risk and cost.
Key features of RecordsIQ include:
- Data topology map provides a clear understanding of data across the enterprise to facilitate appropriate data retention and disposition decisions
- Records management workflow streamlines the management of records policies across the enterprise
- Identification and classification of records according to business-value and pre-defined requirements
- Automatic execution of electronic records policies by taking action on data including copy, move, or delete based on records policies
- Defensible deletion of records with no business value by automatically destroying documents in compliance with corporate disposition policies
RecordsIQ is available now, to learn more:
TOPICS: information governance, information management, records management
By admin on October 3rd, 2011
Every two days we create as much information as we did from the dawn of civilization up until 2003. — Eric Schmidt, Google
Data, it’s at the heart of every StoredIQ customer problem – whether it’s eDiscovery, records management, compliance or storage management. Knowing where data is, mapping data, finding data, organizing data, deleting data, moving data…corporations today have a Big Data problem. The results of an IBM survey will come as no surprise to many corporations struggling with daily data management. The recent survey of 1000’s of CIOs found that insight and intelligence about Big Data was their #1 priority over the next 3 years. The acceleration of Big Data and the host of challenges it brings to corporations is why StoredIQ has launched a new online community dedicated to addressing the Big Data problem.
Big Data Bytes Community
Big Data Bytes is an open community and thought leadership blog that provides new information and insight into how to reduce the risk, cost and complexity of managing Big Data. Authored by Phil Myers, chief executive officer, and Tom Bishop, chief technology officer, at StoredIQ, the blog presents current and relevant data “bytes,” focused on creating a conversation about the technologies, trends and business use cases that are driving the revolution in business pertaining to Big Data. The blog can be found at www.bigdatabytes.com.
Big Data Bytes is a valuable resource for those concerned with managing the ever-growing influx of data. With support from our industry advisory board experts, our main aim is to share stories we hear and see about the innovations and breakthroughs that are happening in Big Data. The blog is an open platform for timely, thought-provoking exchange with a community that represents a broad range of industries, and shares the goal to stay abreast of market changes, product requirements, as well as industry dynamics and growth. We hope that you’ll subscribe to the Big Data Bytes community, and start sharing your own Big Data bytes.
TOPICS: Big Data
By admin on September 20th, 2011
IDC Names StoredIQ a Leader in 2011 MarketScape: Worldwide Early Case Assessment Report
StoredIQ’s unique approach to conducting early case assessment on data “in the wild”, has been recognized by analysts at IDC as a market differentiator in their 2011 MarketScape: Worldwide Standalone Early Case Assessment Applications Report. The report evaluates the capabilities of early case assessment (ECA) vendor solutions and is designed to help CIOs, corporate legal counsel, compliance officers, and legal service providers understand the key capabilities, the evolving use cases, and market and technology dynamics for the early case assessment solutions and the broader eDiscovery market segment. Among the twelve vendors included in the report, IDC positioned StoredIQ as a leader in the standalone ECA space, a market forecasted by IDC to total $400.8 million in 2011 and reach $857.0 million in 2015.
According to IDC, “Customers cite StoredIQ’s ability to enable the analysis and culling of data at the source prior to preservation and collection as a key differentiator.” IDC goes on to say that StoredIQ “Boasts highly rated indexing, search, and retrieval performance, and the ability to scale. Customers that are looking to search and analyze the universe of content prior to collection highly rate StoredIQ’s ability to scale, as well as StoredIQ’s search and retrieval performance.”
IDC’s recognition of StoredIQ as a market leader validates our innovative and novel approach to conducting ECA prior to preservation and collection. Our powerful ability to perform early case analysis on data where it natively resides gives legal counsel the ability to assess the merits of a dispute, formulate a legal strategy, and make decisions concerning the matter far earlier in the eDiscovery process. Unique among evaluated vendors, StoredIQ’s approach yields a much stronger ROI as data is identified, understood and culled where it lives in the enterprise rather than after costly collections, culling and processing in a central location.
StoredIQ’s early case assessment offering is part of the company’s DiscoveryIQ application. Product strengths and key differentiators identified by IDC include:
• Ability to directly connect to and search a variety of data sources including: major messaging systems (Exchange, Notes/Domino), distributed endpoints, network file shares, export files, major archival and storage systems (EMCCentera, Hitachi HCAP, IBM FileNet, IBM Information Archive, NetApp Snaplock, Symantec Enterprise Vault), content management systems (EMC Documentum, IBM FileNet), and Microsoft SharePoint (including wikis and blogs in addition to document libraries), and laptops/desktops.
• Ability to enable the analysis and culling of data at the source, prior to preservation and collection.
• Highly rated indexing, search and retrieval performance, as well as the ability to scale.
• Ability to perform real-time what-if risk/reward assessments utilizing the DiscoveryIQ application. Based on different culling decisions, customers can see a real-time “scoreboard” provide updated estimates of review costs for a given data set or case.
• Streamlined workflow designed to enable IT and the legal users to collaborate throughout the eDiscovery process.
To learn more:
- Download an excerpt from the IDC MarketScape: Worldwide Standalone Early Case Assessment Applications Report
- Download StoredIQ AnalyzeAnywhere Technology Brief
- Email info@storediq.com
StoredIQ’s unique approach to conducting early case assessment on data “in the wild”, has been recognized by analysts at IDC as a market differentiator in their 2011 MarketScape: Worldwide Standalone Early Case Assessment Applications Report. The report evaluates the capabilities of early case assessment (ECA) vendor solutions and is designed to help CIOs, corporate legal counsel, compliance officers, and legal service providers understand the key capabilities, the evolving use cases, and market and technology dynamics for the early case assessment solutions and the broader eDiscovery market segment. Among the twelve vendors included in the report, IDC positioned StoredIQ as a leader in the standalone ECA space, a market forecasted by IDC to total $400.8 million in 2011 and reach $857.0 million in 2015.
According to IDC, “Customers cite StoredIQ’s ability to enable the analysis and culling of data at the source prior to preservation and collection as a key differentiator.” IDC goes on to say that StoredIQ “Boasts highly rated indexing, search, and retrieval performance, and the ability to scale. Customers that are looking to search and analyze the universe of content prior to collection highly rate StoredIQ’s ability to scale, as well as StoredIQ’s search and retrieval performance.”
IDC’s recognition of StoredIQ as a market leader validates our innovative and novel approach to conducting ECA prior to preservation and collection. Our powerful ability to perform early case analysis on data where it natively resides gives legal counsel the ability to assess the merits of a dispute, formulate a legal strategy, and make decisions concerning the matter far earlier in the eDiscovery process. Unique among evaluated vendors, StoredIQ’s approach yields a much stronger ROI as data is identified, understood and culled where it lives in the enterprise rather than after costly collections, culling and processing in a central location.
StoredIQ’s early case assessment offering is part of the company’s DiscoveryIQ application. Product strengths and key differentiators identified by IDC include:
- Ability to directly connect to and search a variety of data sources including: major messaging systems (Exchange, Notes/Domino), distributed endpoints, network file shares, export files, major archival and storage systems (EMCCentera, Hitachi HCAP, IBM FileNet, IBM Information Archive, NetApp Snaplock, Symantec Enterprise Vault), content management systems (EMC Documentum, IBM FileNet), and Microsoft SharePoint (including wikis and blogs in addition to document libraries), and laptops/desktops.
- Ability to enable the analysis and culling of data at the source, prior to preservation and collection.
- Highly rated indexing, search and retrieval performance, as well as the ability to scale.
- Ability to perform real-time what-if risk/reward assessments utilizing the DiscoveryIQ application. Based on different culling decisions, customers can see a real-time “scoreboard” provide updated estimates of review costs for a given data set or case.
- Streamlined workflow designed to enable IT and the legal users to collaborate throughout the eDiscovery process.
To learn more about StoredIQ’s Early Case Assessment solution:
TOPICS: eDiscovery, early case assessment
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