By: Cathey Fetgatter, Sr. VP, Analytics & Managed Review
Technology-assisted review (TAR) and analytics have become increasingly popular in recent years, particularly in the legal and e-discovery industries. However, there is a common misconception that TAR and analytics are only suitable for large-scale reviews. In reality, TAR and analytics can be just as effective and efficient in smaller reviews and may even provide greater benefits in some cases. In this blog, we will explore some of the benefits of using TAR and analytics on smaller reviews.
Increased Speed and Efficiency
Just like with larger reviews, TAR and analytics can greatly speed up the review process for smaller reviews. Rather than manually reviewing every single document, TAR can quickly identify relevant documents and prioritize them for review, reducing the time and resources needed for the review. This can be particularly valuable for smaller reviews where time and budget constraints may be more significant. By leveraging TAR and analytics, reviewers can quickly and accurately identify relevant documents, reducing the time and effort required to complete the review.
Along with increased efficiency, TAR and analytics can also result in cost savings. By automating the review process and reducing the need for human reviewers, organizations can save on labor costs and avoid overpaying for review services. In smaller reviews, where budgets may be more limited, cost savings can be particularly valuable.
Increased Accuracy and Consistency
TAR and analytics can also help to improve the accuracy and consistency of the review process. By using advanced algorithms and machine learning, these tools can identify patterns and relationships in the data that might be missed by human reviewers. This can help ensure that all relevant documents are identified and reviewed, and can also help to reduce errors and inconsistencies in the review process. By using TAR and analytics, organizations can ensure that the same criteria are applied consistently across the entire data set, reducing the risk of inconsistencies.
Better Insights and Analysis
With TAR and analytics, reviewers can gain deeper insights into the data being reviewed. For example, analytics tools can identify key terms, entities, and themes within the documents, allowing reviewers to quickly identify trends and patterns that may be relevant to the review. This can be particularly valuable for compliance audits or regulatory investigations, where identifying potential issues quickly and accurately is critical.
Finally, using TAR and analytics on smaller reviews can also provide scalability. While a small review may not require a full-scale TAR implementation, using TAR and analytics can provide organizations with the tools and expertise they need to handle larger reviews in the future. This can be particularly valuable for organizations that may not have the resources or expertise to implement TAR on their own.
In conclusion, while TAR and analytics are often associated with large-scale reviews, they can also provide significant benefits in smaller reviews. By increasing efficiency, reducing costs, improving accuracy and consistency, and providing scalability, organizations can leverage TAR and analytics to improve their review processes, regardless of the size of the review.
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