85% of respondents expect their litigation response costs to increase or stay the same in 2014
New York, NY (PRWEB) February 04, 2014
The Cowen Group, one of the industry leaders in eDiscovery and Information Governance market research, today released the results from its 2013 Q4 Information Governance Survey of Fortune 1000 companies.
The survey reveals a positive rate of change in funding for Information Governance (IG) programs and demonstrates that protecting private information is the number one newly- funded initiative among Fortune 1000 companies.
Other notable highlights from the survey include:
- 45% of organizations surveyed are funding initiatives to clean up data repositories
- 47% of respondents are funding initiatives to find and protect private and confidential information
- 85% of respondents expect their litigation response costs to increase or stay the same in 2014
“After two years of limited adoption of spending on Information Governance Initiatives, nearly half of the corporations we surveyed are now approving funding for initiatives at an unprecedented level,” said David Cowen, President and Managing Director of The Cowen Group.
The Cowen Group will be hosting a webcast on February 11th to discuss the results of the survey in detail and continue to develop thought leadership on these critical trends.
The discussion will feature:
- Jeff Bridges, Associate Director, Information Governance at Boehringer Ingelheim Pharmaceuticals
- David Yerich, Director of eDiscovery at UnitedHealth Group
- Janet Heins, Director of Information Security & Governance at Biogen Idec
About the survey
The findings from the survey also suggest that organizations across the industry that have focused Information Governance Programs are funding these initiatives at an accelerated rate with the support of motivated executive leadership.
“The survey results are refreshing. We've left behind the urge to boil the ocean and instead are pursuing IG programs with near term results that are simple to understand. They directly reduce cost and risk,” said Deborah Baron, CEO Nuix NA. "When the majority of organizations report that litigation costs are not going down, or worse are increasing, these findings are a powerful validation that the sharp blade of IG is needed to carve away the fat and risk hidden in bloated data stores.”
Nuix made the survey and webcast possible through its sponsorship. The company is now in its third year of supporting Cowen Group eDiscovery and Information Governance research and related programs. “We’re very grateful and appreciative of the support Nuix provides,” Cowen said. “The survey, webcast and events all help to provide an important creative forum for industry thought leadership and identify key trends among corporations in this rapidly changing Information Governance arena.”
The webcast on February 11th will begin at 1:00 p.m. EST. If you are interested in participating you can e-mail our team at events(at)cowengroup(dot)com.
About The Cowen Group
The Cowen Group (http://www.cowengroup.com) is a leader in market research and the premier provider of staffing and recruiting for Information Governance, eDiscovery and Legal Technology and professionals. Our clients nationwide and throughout Europe include 85 of the AmLaw 200 as well as 125 Fortune 500 companies and some of the most prominent vendors and providers in the legal services industry.
Nuix (http://www.nuix.com) is a worldwide provider of information management technologies, including eDiscovery, electronic investigation and information governance software. Nuix customers include the world’s leading advisory firms, litigation support providers, enterprises, government departments, law enforcement agencies, and all of the world’s major corporate regulatory bodies.