. . . An end to Enron and other corporate scandals?
The Autonomy Information Governance (AIG) software makes sure that a corporation complies with huge numbers or regulations, it also monitors any document being created by an employee, including a blog entry, an email, even audio and video. It checks in real-time to see if any laws or company policies are being violated.
AIG also makes it quicker and cheaper to find documents related to a lawsuit.
When a corporation is sued, it often has just 90 days to produce huge quantities of documents, emails, etc, related to the lawsuit. It faces huge fines if it doesn’t meet the deadline. The software understands the meaning of documents and can reveal which documents should be reviewed by lawyers.
Companies being sued or investigated, must lock-down all their documents so that they can be searched for evidence. This has to be done even if a company has not been sued or investigated but has a reasonable chance of that happening.
“With 14,000 separate records retention regulations out there and the complexities and costs being incurred just trying to comply with legal hold requests, a company doesn’t have the capability to manage this without advanced technology,” said Browning Marean, a top lawyer, and partner at DLA Piper US LLP.
Mr Lynch said that technology has made it easier for people to engage in illegal activities and do it on a much larger scale.
“I was on a panel recently and one of the panelists said that the Internet is different and people will behave better. I don’t think it will change human nature at all. Human nature hasn’t changed in hundreds of years, if you read Shakespeare. And if you look at Roman and Greek times, human nature is pretty much the same thousands of years ago.”
“It’s seems really arrogant for people to say that in this one generation human nature will be different,” Mr Lynch said.
The AIG software also carries out document retention policies, which in the corporate world of double-speak refers to: how soon can we shred or delete this document just in case it comes back to bite us.
Autonomy is trying to bolster its position in the multi-billion dollar e-discovery market, which is lead by Recommind, based in San Francisco. You can read more about the software here.
Please also see: Autonomy CEO says tags don’t work
News.com’s Charles Cooper: What’s interesting is what we say it is. Really?
Last week I attended a briefing by Autonomy, a company based in the United Kingdom and San Francisco. On Monday, Autonomy will announce a product designed to assist companies with governance compliance. This likely will be a big deal for IT administrators and law firms that are scrambling to enact internal information management policies in the wake of the subprime mortgage and credit crisis.
Please see: Mike Lynch on the meaning of meaning based computing.
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