Investigation management software serves various functions for businesses. It helps define, implement, and monitor investigation-related activities.
This software also plays a key role in streamlining compliance processes. Depending on the specific needs, it can be integrated into a broader GRC (Governance, Risk, and Compliance) strategy or used independently.
Demand for investigation management software is expected to remain strong due to the increasing volume of corporate data, which drives the need for automated reviews and updates to manual data analytics processes.
The rise of remote and hybrid work models has also increased the need for remote internal investigations.
While business investigations can be costly, time-consuming, and complex, neglecting to investigate potential misconduct and risks can result in even greater costs.
Investigation software is especially beneficial during the fourth stage of an investigation. Many platforms utilize technology-assisted review (TAR) to process large amounts of data and quickly identify relevant information using AI algorithms.
The market for global investigation management software is anticipated to grow significantly between 2023 and 2029, driven by ongoing advancements and strategic initiatives by key players.
