Datacert launches the Passport® BI Solutions Suite, a new line of innovative business intelligence offerings that require advanced decision support to manage legal, risk, and compliance activities. The suite delivers in-depth reporting and analysis capabilities such as decision tree analysis, predictive analytics, historical data mining, and data consolidation. The suite’s first two offerings are:
- The Passport Litigation Decision Analysis and Optimization Module: mines historical matter data and combines it with predictive analytics and decision tree analysis to inform case strategy, improving litigation outcomes.
- The Passport Data Warehouse: new visibility and insight into the management of matters, risk, and spend through high-speed data analysis and the ability to unite disparate sources of data.
Datacert’s Passport Litigation Decision Analysis and Optimization Module is the first of its kind to integrate historical matter management data with decision tree analysis and predictive modeling tools to enable counsel to answer settlement negotiation and litigation strategy questions such as “How much is this case likely to cost?,” “What’s the likelihood of winning or losing?,” “Should we settle or go to trial?,” or “How much should we offer to settle?” The module generates a completed decision tree and expected case value that inform the optimal case strategy to pursue, and enables counsel to more effectively quantify, predict, and control litigation costs.
The module was developed in consultation with Marc B. Victor, Esq., president of Litigation Risk Analysis, Inc. and the nationally recognized leader in applying decision tree analysis to assist counsel in determining settlement value and planning pre-trial and trial strategy.
By Guest Blogger: Datacert, Inc.
