4/11/2019 6:00:00 AM
Corporations have traditionally been slower to adopt cloud technology than law firms and vendors. In part, this is because corporate legal teams need sign-off from a long list of internal stakeholders, including IT teams, information security personnel and executive leadership.
Before an operational switch can be made, it's often up to attorneys and technologists to make a business case for the value of the cloud. Here are four proven business justifications to help you make the case for implementing cloud eDiscovery in your organization:
With growing data volumes and the emergence of new data types, managing eDiscovery matters has become increasingly difficult for global corporations. There is an acute and pronounced need for technology solutions that can both scale to absorb expansion and offer increased processing power.
Free of infrastructural limitations, cloud-based eDiscovery allows corporations to scale infinitely and organically, on-demand. Migrating to the cloud is the surest way to "future-proof" your eDiscovery operations.
Factoring in the initial and ongoing infrastructure costs of on-premise eDiscovery, which include servers and backup drives, as well as dedicated IT staff to support and maintain the system, the total cost of ownership dwarfs that of cloud eDiscovery.
Cloud eDiscovery allows corporations to strictly pay for services rendered with zero investment of infrastructure. According to an IDC white paper sponsored by Cisco, cloud adopters see an average of $1.6 million in additional annual revenue per cloud application and achieve $1.2 million in cost reduction across categories, particularly in IT costs.
RapidScale published a LinkedIn SlideShare that states 94% of cloud adopters report an improvement in security and 91% say cloud-computing makes it easier to meet government compliance requirements. This makes sense, since cloud storage platforms like Microsoft Azure and Amazon AWS stake their reputations on data security. These trusted cloud servers spend more than $1 billion annually on security research and development, and their data centers meet the same level of security standards as military and financial institutions.
The cloud offers unparalleled insurance against disaster or outages with automated backup technology and mirrored data centers. In the event of a disaster or outage, workload migration and failover for cloud-based environments may be complete in a matter of minutes. In a recent survey of nearly 450 IT professionals conducted by Druva, 82% of respondents cited enhanced Disaster Recovery (DR) capabilities as being critical to their decision to migrate to the cloud.
Introducing and adapting new technology throughout any organization is never easy. Thankfully, there is a wealth of data from early adopters that supports the transition from on-premise to the cloud. Do your research and consider which of these four business justifications is most relevant for your organization as you prepare to make the case for cloud eDiscovery.