Meet BigCo: A Company with Big Data Problems
BigCo makes a point to save all of its information… somewhere… but if you’re looking for something in particular, they’d probably have to check with IT. This part of the story may sound pretty familiar, but the end might not be, and that’s because BigCo’s lawyers finally spoke up:
See “Big Data” is kind of like Miley Cyrus—it’s not going anywhere and apparently wrecking balls don’t help (hyperlink intentionally omitted). Like most things related to ediscovery project management, any successful solution must be saturated with forethought. For those of you willing to address the elephant in the room, here are some resources that show just how BIG our little big data problem has gotten, and what lawyers are doing to win the war:
- This interpretation of Gartner’s 2013 Big Data survey results highlighted that while 64% of organizations have invested or plan to invest in Big Data in 2013, a paltry 8% have actually taken action
- With particular respect to Big Data’s effects on ediscovery project management, ediscovery.com Pulse tracks a number of key benchmarks that legal professionals can compare their spend to. For example, in Kroll Ontrack’s projects, the average the number of custodians used as a collection source has declined from almost 70 in 2008 to just over 20 in 2012 (that’s over a two-fold reduction in 4 years (thanks technology!))—how many custodians did you collect from in your last project?
- This blog post stresses the extraordinary impact unstructured data is having on litigation management, and what it means for lawyers struggling to cope with a corpus rich with this form of electronically stored information (ESI)