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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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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
Doesn’t a job in eDiscovery sound like a great place to be? Or maybe just A place to be????
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
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
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
What is Big Data? The 3 V’s
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?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