Mike Simon Director of Strategic Development Navigant February 22, 2013 Welcome to: eDiscovery meets...
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Transcript of Mike Simon Director of Strategic Development Navigant February 22, 2013 Welcome to: eDiscovery meets...
![Page 1: Mike Simon Director of Strategic Development Navigant February 22, 2013 Welcome to: eDiscovery meets Big Data – which will win? Well... Actually... No.](https://reader036.fdocuments.us/reader036/viewer/2022062516/56649da15503460f94a8e232/html5/thumbnails/1.jpg)
Mike SimonDirector of Strategic DevelopmentNavigantFebruary 22, 2013
Welcome to:eDiscovery meets Big Data – which will win?Well .. . Actually .. . No
![Page 2: Mike Simon Director of Strategic Development Navigant February 22, 2013 Welcome to: eDiscovery meets Big Data – which will win? Well... Actually... No.](https://reader036.fdocuments.us/reader036/viewer/2022062516/56649da15503460f94a8e232/html5/thumbnails/2.jpg)
The eDiscovery Industry is Dying
How to get a great job in the eDiscovery industry
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I promise to get to Big Data too . . . .
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Why the change?
![Page 5: Mike Simon Director of Strategic Development Navigant February 22, 2013 Welcome to: eDiscovery meets Big Data – which will win? Well... Actually... No.](https://reader036.fdocuments.us/reader036/viewer/2022062516/56649da15503460f94a8e232/html5/thumbnails/5.jpg)
Things are kind of difficult
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Really difficult
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Jobs keep getting scarcer
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Law school costs keep going up
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. . . . Sorry
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Doesn’t a job in eDiscovery sound like a great place to be?
Or maybe just A place to be????
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Whence eDiscovery?
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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
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The Costs of Data Creation and Storage
1960 - 5 MB
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The Costs of Data Creation and Storage
1990 - 80 MB
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The Costs of Data Creation and Storage
2013 – 8 GB
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Our ability to understand data
1960
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Our ability to understand data
1997
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Our ability to understand data
2012
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Everybody gets this . . .
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Except for the Legal industry
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I am just saying . . .
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eDiscovery- $1.4 billion (Gartner 2012)
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But it does not solve business problems
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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
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But it does not solve business problems
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Who pays for it?
The Client
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What do they think of it?
They hate it . . .
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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
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Information Management - $1.1 trillionInformation Management - $1.1 trillion
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Welcome to the era of Big Data
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What is Big Data?
The 3 V’s
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Welcome to the era of Big Data
Volume
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Welcome to the era of Big Data
Variety
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Welcome to the era of Big Data
Velocity
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Welcome to the era of Big Data
But also a very important 4th V
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Welcome to the era of Big Data
Value
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Some key Big Data facts:from 38 Things to Know About Big Data (http://barnraisersllc.com/2012/12/38-big-facts-big-data-companies/)
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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)
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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)
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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)
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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)
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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)
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The most important fact?
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The most important fact?
Using Big Data to create business value can be the difference between winning and losing for companies
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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
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My point?
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eDiscovery will become another IM“use-case”
Data will be Identified, Preserved, Analyzed without ever leaving the network
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eDiscovery will become another IM“use-case”
Relevance will be determined from the classification of the data
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eDiscovery will become another IM“use-case”
Privilege will just be another algorithm set
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eDiscovery will become another IM“use-case”
Some call this “Information Governance”
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eDiscovery will become another IM“use-case”
I call it “the future”
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OK, so maybe I lied
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OK, so maybe I lied
It’s not so much “dying” as “transforming”
Into something that creates value
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You need to transform yourselves too
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Take off those risk-colored glasses
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What are you afraid of?
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There are trillions at stake!
This is a matter of corporate survival
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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
![Page 64: Mike Simon Director of Strategic Development Navigant February 22, 2013 Welcome to: eDiscovery meets Big Data – which will win? Well... Actually... No.](https://reader036.fdocuments.us/reader036/viewer/2022062516/56649da15503460f94a8e232/html5/thumbnails/64.jpg)
So where is your future in the world of big data?
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(HINT: These people are not “beginning a promising career in the boating industry”)
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Privacy
“You have no privacy, get over it”- Scott McNeely, former CEO, Sun Microsystems
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Security
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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?
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International issues
Other cultures have a different view of “rights”
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International issues
You don’t “get over privacy” when the secret police drag away your neighbor
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Understanding the data in legal matters
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Understanding the data in legal matters
Including (warning! blatant plug), “structured data”
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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?
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Understanding the data in legal matters
Most importantly – what can you use?
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The good news?
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You grew up in a world where there are no unanswerable questions
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Where you have effectively free access to virtually all information
Any where
Any time
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Then - 15 years agoExceedingly few open paths
I was exceedingly lucky to find a good one
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Now - There are many such paths
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Now - There are many such paths
Find the path that is right for you
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Now - There are many such paths
Find the path that is right for you, or
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Now - There are many such paths
Find the path that is right for you, or
Make your own path
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Make your own path