EY and Reveal collaborate for advanced eDiscovery and document analytics | IoT Now News & Reports

EY announces alliance with Reveal to offer clients AI-powered solutions to advance data discovery and compliance needs. The move helps clients access and analyse litigation and regulatory data to manage risks, support clients in reaching their data objectives faster through EY domain-rich knowledge embedded in a model library, and  expands existing EY data solutions to address a cross-functional, legal and compliance agenda.

While complex legal and regulatory requirements increase, many organisations struggle to analyse litigation and regulatory data. The EY–Reveal Alliance intends to provide faster, more accurate and cost-effective eDiscovery and investigations service offerings through Reveal’s end-to-end eDiscovery and Document Analytics platform.

“Legal tech has arrived at a time when eDiscovery is being disrupted to drive more valuable business insights. This new wave of legal tech streamlines the human-centric process to seamlessly integrate a machine-driven approach, from data collection to focused review,” says Todd Marlin, a EY–Reveal Alliance leader. “Not only is there substantial opportunity to automate eDiscovery routines, but we’ll soon expect that there will be a baseline requirement across the industry.”

Marlin added that the alliance with Reveal provides EY teams with access to a broad suite of eDiscovery solutions. “With Reveal’s innovative technology and the EY organisation’s advanced discovery services, the EY– Reveal Alliance is well-positioned to help clients efficiently manage the ever-changing Data Discovery landscape.”

As part of the Forensics and Integrity Services, the EY organisation offers consulting and technology solutions related to eDiscovery and data analytics across the globe. Collaborating with Reveal equips the EY organisation with the capabilities to expand its existing Advanced Data Discovery solution to address data discovery needs – from both structured and unstructured data sources – for a wider range of use cases, such as automated due diligence and cyber incident response.

“The EY organisation is harnessing the power of AI to help solve clients’ most complex problems on a global scale,” said Meribeth Banaschik, an Ernst & Young – Germany Forensic and Integrity Services Partner. “Reveal technology helps draw deep insights from huge amounts of data at speed in areas such as regulatory response, investigations, compliance and beyond. Through this Alliance, clients can benefit from

EY–Reveal pre-built models, infused with the EY organisation’s domain knowledge, to effectively assess their legal risks, better understand the facts in a complex data set, and ultimately to act with confidence.”

“Our technology is at its most powerful when organisations like the EY organisation not only invest directly in them, but also work with our team in close collaboration to anticipate, resolve and work to mitigate existing and future data issues,” said Wendell Jisa, a founder and CEO of Reveal. “Together, the EY organisation and Reveal are introducing models and providing answers and insights before the need has been identified. This level of automation and analysis in legal tech is solving problems faster and making the unpredictable predictable for EY clients across the globe.”

For more information, visit ey.com/alliances.

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• Source: https://www.iot-now.com/2024/01/29/142108-ey-and-reveal-collaborate-for-advanced-ediscovery-and-document-analytics/