Autonomy Corporation has released version 6 of its Investigator and Early Case Assessment software intended to enable banks and insurance companies to quickly assess litigation risk and exposure in the wake of the global financial crisis.
Autonomy said that Investigator and Early Case Assessment (ECA) version 6 accelerates the risk assessment process by analyzing electronically stored information in-place to swiftly ascertain whether there is a case before the ‘meet and confer’.
Advanced new features are expected to include the ability to macroevaluate a case based on understanding concepts, establish links between audio recordings and e-mails, and automate preservation of relevant data through linkage with Autonomy Legal Hold, added Autonomy.
Mike Lynch, CEO of Autonomy, said: With eDiscovery costs routinely totaling millions even before a case has reached trial and the need to analyze data in hours or days rather than weeks or months, organizations are under increased pressure to really know their data and the risks it entails. The current financial turmoil has exacerbated the problem further as investigators try to establish responsibility, resulting in a massive surge of cases. Autonomy’s enhanced Investigator and ECA software allows legal teams to evaluate data, determine relevant custodians and prioritize review resulting in considerable cost-savings and a distinct advantage in and out of court.