It’s tough to open a business journal these days without reading something about big data. But despite all the noise, there’s not much discussion of the legal and risk-management implications of Big Data, which are significant. This lack of attention is a major concern, because although big data does have the potential to yield valuable strategic business insights, it also poses a huge challenge to companies when legal data compliance needs (i.e., eDiscovery) intersect with these large datasets.
Even with a generally effective eDiscovery strategy and in-house or outsourced expertise, companies can run into major legal and risk-management challenges when handling discovery or other legal data requests that involve processing big data, as the people charged with handling big data for legal matters may not fully realize the scope of the task they face.
Big Data: The Legend and the Reality
To understand the implications of big data in the eDiscovery realm, it’s necessary to have a clear sense of what big data is. Simply, big data usually involves “three v’s”—large volume, great variety and quick velocity of change in the information. These qualities result in data that can be complex to analyze but that may contain highly useful information. Most every medium- and large-size organization has some form of large data sets.
Unfortunately, these same qualities that provide potential value for the organization also can create huge risk from a legal and compliance perspective. For example, eDiscovery on large data sets is complex and involves a nuanced approach. Ultimately it can be managed effectively with specialized legal data tools and processes, as well as the right knowledge base or expert resources.
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Source: The Data Center Journal
By: Alon Israely
Even with a generally effective eDiscovery strategy and in-house or outsourced expertise, companies can run into major legal and risk-management challenges when handling discovery or other legal data requests that involve processing big data, as the people charged with handling big data for legal matters may not fully realize the scope of the task they face.
Big Data: The Legend and the Reality
To understand the implications of big data in the eDiscovery realm, it’s necessary to have a clear sense of what big data is. Simply, big data usually involves “three v’s”—large volume, great variety and quick velocity of change in the information. These qualities result in data that can be complex to analyze but that may contain highly useful information. Most every medium- and large-size organization has some form of large data sets.
Unfortunately, these same qualities that provide potential value for the organization also can create huge risk from a legal and compliance perspective. For example, eDiscovery on large data sets is complex and involves a nuanced approach. Ultimately it can be managed effectively with specialized legal data tools and processes, as well as the right knowledge base or expert resources.
To Continue Reading: Click Here
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Source: The Data Center Journal
By: Alon Israely
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