The e-discovery Reference Model (EDRM) sets the standard in describing the e-discovery process. The EDRM is a visual tool that we regularly rely on to assist in describing the process to clients. Typically, this is in response to an e-discovery project when there is a mad dash to have data identified, preserved, collected, etc. As volumes increase, this reactive process becomes very expensive. Fortunately, the EDRM addresses this growing problem through the orange box at the far left of the diagram.
This box, labelled “Information Management”, basically says that organizations must approach the e-discovery problem with a strategy that ultimately turns it into a daily operating procedure. With a proper information management plan, organizations can become proactive, prepared, litigation ready and hence more competitive.
Ignoring the orange box leads to increased discovery costs. Embracing it will save the day.
Gartner senior vice president Peter Sondergaard, in his keynote speech at the recent Gartner Symposium/IT Expo, coined the term “The Digital Industrial Economy”. This phrase describes the idea that all companies are technology companies. Information is the world’s new currency. How an organization manages its information assets is as fundamental a source of competitive differentiation as how it manages its other assets.
Unfortunately, organizations are buried in content and information. The volume of data stored on file, email, and database servers is multiplying exponentially. This makes it difficult for anyone to find anything. To make matters worse, data is not just stored on the organization’s server – content is increasingly showing up in SaaS applications that are beyond the reach of traditional information governance frameworks. Content and information is appearing from all directions and in constantly changing forms.
Managing this information turmoil will be THE business challenge of the next decade. Organizations will be forced to embrace Information Governance or wither on the vine.
Osgoode has announced the program for its five-day Certificate in e-Discovery, Records Management, Information Governance and Privacy to be held in Toronto this April and May. Susan Wortzman is the Program Leader. Other members of the Wortzmans’ team who are on faculty are: Kate Manning, Chuck Rothman and Rachael Chadwick. For the complete program agenda, see the brochure here. This is a program you will not want to miss.