Real-time And Relevant Information Access
“The ability to automatically generate concepts from content allows us to enhance e-Discovery and take it to a new level, in areas such as data collection and forensic investigations, Early Case Assessment, ESI processing, web based document review and production through trial support. After an evaluation of technologies available, Concept Searching’s technology stack offered us the most comprehensive and scalable solution for our needs.”
Vice President of Operations and Technology
There are few industries that are as dependent upon access to real-time and relevant information as the legal industry. Coupled with eDiscovery challenges, legal firms and internal corporate counsel are looking for new ways to manage, access, interrogate and find information.
Legal professionals have an overwhelming amount of information that they must find and digest on a daily basis. With a success rate of only 20%-25% legal professionals are often unable to search and retrieve relevant content from a heterogeneous set of documents. According to Gartner Group the average Fortune 500 company will respond to 6-10 discovery requests per year at a cost of $1.6 million each.
The business imperatives driving these issues are:
- Inability to process content that is created or ingested by concepts contained within the content
- Poor search tools that do not retrieve content by concepts and use complicated search queries and Boolean operators
- Unable to find hidden relationships between documents or identify relevant information that may not contain the search criteria but are highly relevant
- Increased risk exposure to protect and identify unknown privacy exposures
Concept Searching provides innovative tools that help legal teams find the information they need quickly and cost effectively. As the only statistical metadata generation and automatic classification software company in the world, we provide concept extraction and the automatic generation of compound term metadata, significantly improving access to unstructured information. Providing tools for search, automatic metadata generation, automatic and manual classification, and taxonomy management, organizations who are seeking to reduce costs and facilitate their legal processes can now achieve quantifiable improvements.