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Mike SimonDirector of Strategic DevelopmentNavigantFebruary 22, 2013
Welcome to:eDiscovery meets Big Data – which will win?Well .. . Actually .. . No
The eDiscovery Industry is Dying
How to get a great job in the eDiscovery industry
I promise to get to Big Data too . . . .
Why the change?
Things are kind of difficult
Really difficult
Jobs keep getting scarcer
Law school costs keep going up
. . . . Sorry
Doesn’t a job in eDiscovery sound like a great place to be?
Or maybe just A place to be????
Whence eDiscovery?
The Costs of Data Creation and Storage
YEAR -- Price of a Gigabyte 1981 -- $300,0001987 -- $50,0001990 -- $10,0001994 -- $10001997 -- $1002000 -- $102004 -- $12010 -- $0.10
The Costs of Data Creation and Storage
1960 - 5 MB
The Costs of Data Creation and Storage
1990 - 80 MB
The Costs of Data Creation and Storage
2013 – 8 GB
Our ability to understand data
1960
Our ability to understand data
1997
Our ability to understand data
2012
Everybody gets this . . .
Except for the Legal industry
I am just saying . . .
eDiscovery- $1.4 billion (Gartner 2012)
But it does not solve business problems
But it does not solve business problems
From here on you are working
with “dead” data – it’s gone
And this i
s where most o
f
the money goes
But it does not solve business problems
Who pays for it?
The Client
What do they think of it?
They hate it . . .
Less than a decade since it arose the customers of eDiscovery are doing their very best
Less than a decade since it arose the customers of eDiscovery are doing their very best to kill it
Information Management - $1.1 trillionInformation Management - $1.1 trillion
Welcome to the era of Big Data
What is Big Data?
The 3 V’s
Welcome to the era of Big Data
Volume
Welcome to the era of Big Data
Variety
Welcome to the era of Big Data
Velocity
Welcome to the era of Big Data
But also a very important 4th V
Welcome to the era of Big Data
Value
Some key Big Data facts:from 38 Things to Know About Big Data (http://barnraisersllc.com/2012/12/38-big-facts-big-data-companies/)
Some key Big Data facts:from 38 Things to Know About Big Data (http://barnraisersllc.com/2012/12/38-big-facts-big-data-companies/)
90% of the world’s total data has been created just within the past two years (source: IBM)
Some key Big Data facts:from 38 Things to Know About Big Data (http://barnraisersllc.com/2012/12/38-big-facts-big-data-companies/)
75% of companies say they will increase investments in Big Data within the next year (source: Avanade)
Some key Big Data facts:from 38 Things to Know About Big Data (http://barnraisersllc.com/2012/12/38-big-facts-big-data-companies/)
65% of companies deploy Big Data technology to boost the speed and quality of business decisions (source: CIO)
Some key Big Data facts:from 38 Things to Know About Big Data (http://barnraisersllc.com/2012/12/38-big-facts-big-data-companies/)
40%-60% annual growth increase is occurring in the volume of data available every year; in media intensive sectors and financial services, the increase is 120% (source: Fathom)
Some key Big Data facts:from 38 Things to Know About Big Data (http://barnraisersllc.com/2012/12/38-big-facts-big-data-companies/)
Only 5% of companies believe Big Data will “fizzle out after the hype dies down” (source: CIO)
The most important fact?
The most important fact?
Using Big Data to create business value can be the difference between winning and losing for companies
The most important fact?
Using Big Data to create business value can be the difference between winning and losing for companies
The same companies that hate eDiscovery
My point?
eDiscovery will become another IM“use-case”
Data will be Identified, Preserved, Analyzed without ever leaving the network
eDiscovery will become another IM“use-case”
Relevance will be determined from the classification of the data
eDiscovery will become another IM“use-case”
Privilege will just be another algorithm set
eDiscovery will become another IM“use-case”
Some call this “Information Governance”
eDiscovery will become another IM“use-case”
I call it “the future”
OK, so maybe I lied
OK, so maybe I lied
It’s not so much “dying” as “transforming”
Into something that creates value
You need to transform yourselves too
Take off those risk-colored glasses
What are you afraid of?
There are trillions at stake!
This is a matter of corporate survival
There are trillions at stake!
This is a matter of corporate survival
And companies do not want to hear that they shouldn’t do this because eDiscovery might cost them thousands of dollars
So where is your future in the world of big data?
(HINT: These people are not “beginning a promising career in the boating industry”)
Privacy
“You have no privacy, get over it”- Scott McNeely, former CEO, Sun Microsystems
Security
Data rights?
Who owns the data?Who gets to use it?What infringes their rights?What should those rights be?How long should those rights last?What recourse do they have when (not “if”) somebody infringes?
International issues
Other cultures have a different view of “rights”
International issues
You don’t “get over privacy” when the secret police drag away your neighbor
Understanding the data in legal matters
Understanding the data in legal matters
Including (warning! blatant plug), “structured data”
Understanding the data in legal matters
How can you use it?What can you do with it?What can’t you do with it?How do you keep it from disappearing?Or changing?What is the “real” info?Does “real” info even exist anymore?
Understanding the data in legal matters
Most importantly – what can you use?
The good news?
You grew up in a world where there are no unanswerable questions
Where you have effectively free access to virtually all information
Any where
Any time
Then - 15 years agoExceedingly few open paths
I was exceedingly lucky to find a good one
Now - There are many such paths
Now - There are many such paths
Find the path that is right for you
Now - There are many such paths
Find the path that is right for you, or
Now - There are many such paths
Find the path that is right for you, or
Make your own path
Make your own path