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.
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