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Mike Simon Director of Strategic Development Navigant February 22, 2013 PowerPoint PPT Presentation


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Welcome to:. Well .. . Actually .. . No. eDiscovery meets Big Data – which will win?. Mike Simon Director of Strategic Development Navigant February 22, 2013. The eDiscovery Industry is Dying. How to get a great job in the eDiscovery industry.

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Mike Simon Director of Strategic Development Navigant February 22, 2013

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Welcome to:

Well .. . Actually .. . No

eDiscovery meets Big Data – which will win?

Mike Simon

Director of Strategic Development

Navigant

February 22, 2013


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 data1960


Our ability to understand data1997


Our ability to understand data2012


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

And this is where most of the money goes

From here on you are working with “dead” data – it’s gone


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 tokill it


Information Management - $1.1 trillion

Information 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 DataVolume


Welcome to the era of Big DataVariety


Welcome to the era of Big DataVelocity


Welcome to the era of Big DataBut also a very important 4th V


Value

Welcome to the era of Big Data


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 companiesThe 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 ago

Exceedingly 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


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