Big Data, Big Problem.

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.

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 about StoredIQ’s Early Case Assessment solution:

• Download an excerpt from the IDC MarketScape: Worldwide Standalone Early Case Assessment Applications Report
• Download StoredIQ AnalyzeAnywhere Technology Brief
• Email info@storediq.com

StoredIQ Enhances Critical Legal Hold Process with Integrated Notification and Preservation

At StoredIQ, we want to change the customer mindset to define legal hold as not just the simple act of notifying custodians to preserve relevant data, but to  see it as a holistic process that includes notification tightly coupled with the analysis, collection, and preservation of responsive data.With our enhanced Legal Hold solution, we’ve unified these traditionally disjointed components, providing a simple yet robust solution for managing the entire duty to preserve process. From notification, to tracking acknowledgement, to analyzing custodial data, and finally collection and preservation – legal and IT users gain complete control and insight into the duty to preserve process with a reliable, repeatable, and auditable solution that seamlessly integrates hold notifications with the collection and preservation of data.

Historically, performing legal holds has been a very manual and labor intensive process. Spanning multiple systems, it was time consuming to administer, almost impossible to track, and relied heavily on custodian self-preservation. StoredIQ’s integrated hold notifications with intelligent data collection, as part of a comprehensive eDiscovery workflow creates a holistic and legally defensible process which eliminates the burden on custodians, improves efficiency, and reduces legal risk.

Vivian Tero, Program Director for GRC Infrastructure, IDC

The importance of an integrated legal hold solution recently came to light in Treppel v. Biovail Corp., 249 F.R.D. 111 (S.D.N.Y. April 2), which states that a standard “litigation hold” memo to company employees is not enough. As soon as litigation becomes a reasonable possibility, a potential litigant must act quickly to identify potential sources of evidence, and act to preserve that evidence.

Though it is important to notify potential custodians of their duty to preserve data, the true value of a legal hold solution is the ability to then take action on custodian data. This is why we’ve seamlessly integrated the legal hold workflow with DiscoveryIQ, StoredIQ’s eDiscovery application. Companies can ensure compliance with case law, initiate hold notifications, track acknowledgements, perform early case assessment across all matter relevant data, and perform single-instance collection to a secure retention platform.

For a complete list of Legal Hold features, download the StoredIQ Legal Hold Technology Brief, visit our Legal Hold site, or email info@storediq.com.