Welcome!

News Feed Item

FTI Consulting Launches Ringtail Version 8.4

Active Learning Capabilities Enable Smaller Training Sets and Enhance E-discovery Industry's Only Visual Predictive Coding Software

NEW YORK, Feb. 4, 2014 /PRNewswire/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its FTI Technology business segment is launching Version 8.4 of its award-winning Ringtail® e-discovery software. Built in close collaboration with leading law firms and corporate attorneys, Ringtail is the only visual predictive coding software for legal review. Ringtail's new features strengthen users' ability to train the predictive coding model for optimum efficiency and cost savings. Ringtail 8.4 will be available to Ringtail on-demand, on-premise and SaaS (Software-as-a-Service) users in March 2014.

Ringtail 8.4's features address two key challenges in the use of predictive coding: starting quickly without sacrificing quality and knowing when it is time to stop training the predictive coding model. Advanced active learning features enable users to begin training Ringtail's predictive coding model using smaller training sets. This means that instead of conducting costly human review on thousands of training documents, Ringtail users can begin the process by simply coding a hundred documents, or more, as preferred by the matter team. From there, the active learning functionality uses the coded materials to determine the best documents with which to continue training the predictive coding model. Using a new and intuitive model training dashboard, Ringtail users can now understand the productivity gains realized by each additional training document to better determine when to stop training and use the model to predict the data set. In addition, Ringtail 8.4 includes an enhanced visualization so users can better understand the stability and consistency of the predictive coding model.

"The ability to begin training the model quickly, combined with understanding the best time to end training, can provide significant cost savings and efficiencies to our team," said Caroline Sweeney, Global Director, E-Discovery and Client Technology for Dorsey & Whitney LLC. "In addition to the visual predictive coding functionality already within Ringtail, these new features provide a powerful solution that balances cost savings with defensibility for our clients."  

Ringtail 8.4 also includes enhancements to improve scale and performance for its global client base, including a new French user interface for both reviewers and administrators, as well as improved batch printing functionality.

"One of the reasons our firm chose Ringtail is that the software's predictive coding is easy to use and understand," said Duane Lites, Director of Litigation Support for Jackson Walker L.L.P. "We appreciate the user-focused design and workflow within Ringtail and believe it will be an important component of our e-discovery client service."

Ringtail's predictive coding delivers a unique visual approach to the process of creating and training a classifier to code large document sets quickly and defensibly. The application includes an intuitive workflow, visual validation of a model's performance and a projections matrix. This matrix enables teams to examine recall and precision targets and weigh them in context with the costs and benefits of the corresponding review volumes. The predictive coding functionality is supported by statistical sampling, as well as Ringtail's visual analysis and review capabilities. 

"Predictive coding is a complex process, which is why our global development team is focused on creating an intuitive and easy-to-use predictive coding application," said Howard Edson, a Managing Director on the Product Management team in the FTI Technology segment. "With these new feature enhancements, we believe that the Ringtail approach to predictive coding — defensible predictive coding functionality wrapped with an integrated and visual user interface — provides a great opportunity for legal teams to fully leverage the power and promise of predictive coding technology."

FTI Technology was named as a "leader" in Gartner's "Magic Quadrant for E-Discovery Software" report (Debra Logan, Alan Dayley, Sheila Childs, June 10, 2013). From its award-winning Ringtail software to its Acuity™ managed review service, FTI Technology helps clients streamline the entire e-discovery process and provides a single point of e-discovery accountability. Altogether, FTI Technology provides a comprehensive approach to improve the e-discovery process, contain costs without cutting corners and manage critical enterprise information demands.

FTI Technology will provide Ringtail product demos in Booth 2110 at the LegalTech New York 2014 conference on February 4-6, 2014.  

For more information on Ringtail or FTI Technology, please visit www.ftitechnology.com.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,100 employees located in 25 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The company generated $1.58 billion in revenues during fiscal year 2012. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
777 South Flagler Drive, Suite 1500
West Palm Beach, FL 33401
+1.561.515.6078

Investor Contact
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact
Kate Holmes
+1.206.373.6521
[email protected]

SOURCE FTI Consulting, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...