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FTI Consulting Launches Ringtail Version 8.4
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
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
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
FTI Technology was named as a "leader" in
FTI Technology will provide Ringtail product demos in Booth 2110 at the LegalTech New York 2014 conference on
For more information on Ringtail or FTI Technology, please visit www.ftitechnology.com.