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Consilio Reports Increased Usage of Advanced Analytics Tools Including Predictive Coding - Consilio’s advanced analytics tools hold many advantages for clients - Consilio.com
Consilio Reports Increased Usage of Advanced Analytics Tools Including Predictive Coding

 

PRZOOM - /newswire/ - Washington, DC, United States, 2013/08/19 - Consilio’s advanced analytics tools hold many advantages for clients - Consilio.com.

   
 
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Consilio, a Symphony Technology Group (STG) company and global leader in eDiscovery software and services, today reported a dramatic increase in the use of advanced analytics tools in its Global RPM review platform, including tools such as predictive coding, conceptual search, near duplication, email threading, and conceptual indexing. More than 90 percent of Consilio clients are using one or more of these advanced analytics technologies in their cases today, up from less than 50 percent just one year ago.

“The increased focus on predictive coding and our other advanced analytics tools is both exciting and expected,” said Andy Macdonald, CEO of Consilio. “Our clients all over the world are increasingly interested in creating defensible workflows with these text classification technologies, including civil law jurisdictions in continental Europe and Asia that are less familiar with linear review models. Since the launch of Global RPM® version 5 early in 2012, we’ve seen a significant migration of clients who prefer to use these advanced analytics capabilities, to improve accuracy and lower cost.”

Consilio’s advanced analytics tools hold several advantages for clients:

• Unified Review Platform. Consilio’s analytics tools and predictive coding engine are fully integrated into Global RPM, along with the review administration and reviewer tools. Thus, clients can use the full analytics and predictive coding capabilities alongside traditional search, assignment and review management feature sets.
• Global Solution. With complex multijurisdictional and multilingual matters, clients have the benefit of a technology stack including advanced analytics and predictive coding, hosting centers and project management support around the globe.
• Flexibility. Consilio’s analytics and predictive coding approach allows for the application of text classification technology at many different stages of the eDiscovery process, including early case assessment, or pre-production quality checkpoints. As opposed to “hard coded” workflows, the Consilio solution can apply these technologies at limitless points in the eDiscovery workflow as warranted to serve clients’ needs.
• Expert Services. Consilio’s project managers are well-versed in designing defensible workflows that incorporate advanced analytics, including predictive coding. Project managers can interpret statistics, offer guidance on groupings based on predictive coding scoring, build in consideration for rolling data collections, advise on culling the data set to achieve recall and precision rates, and explain how to handle documents that cannot be modeled with text classification technology, such as encrypted documents.

“We continue to see data points that suggest predictive coding and advanced analytics will be embraced on a global basis,” said Macdonald. “U.S. court systems and regulatory agencies have been influential in raising awareness and acceptance of predictive coding. In Europe and Asia, where large-scale eDiscovery and document review are still evolving, our clients are eager to explore different ways to reduce the exponential increase in data volumes. It was important for us to develop our capabilities to be fully ready for this wave of global adoption. ”

“Our predictive coding technology differs from others available today in that our engine will report back on specific documents within the training set it believes the reviewers have miscoded,” said Pete Feinberg, Vice President of Products at Consilio. “Furthermore, the technology leverages dynamic parameter optimization, automatically tuning the models to the unique complexities of the documents in each review, which results in fewer iterative cycles needed to reach the desired recall and precision goals. Because of this, we’re able to help clients achieve their desired recall and precision rates in less time and with less cost.”

About Consilio
Consilio (consilio.com) is an international eDiscovery and managed review provider with extensive experience in litigation, antitrust, second requests, and internal and external investigations. The company supports law firms and corporations with cost-effective, end-to-end litigation services that include data collection, computer forensics, expert testimony, multi-lingual and on-site data processing, hosting, and document review. Safe Harbor certified, the company can deploy its services rapidly and efficiently to clients anywhere in the world from offices and data centers in North America, Europe, and Asia.

About Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great software and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent, and to achieve best in class business performance. STG’s current portfolio consists of 14 global companies.

Consilio and the Consilio logo are trademarks or registered trademarks of Consilio and its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

 
 
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Consilio Reports Increased Usage of Advanced Analytics Tools Including Predictive Coding

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Contact: Christine Boomer - Consilio.com 
Christine.boomer[.]consilio.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Consilio securities in any jurisdiction including any other companies listed or named in this release.

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