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A blog post by eDiscovery expert Greg Buckles posted on the eDiscovery Journal website.
This post discusses "Big Data", and the fact that certain technological solutions are better equipped to deal with structured data in eDiscovery, as opposed to unstructured data.
The post states, "The fundamental idea is that immature repositories of unstructured ESI are a liability, while a mature content lifecycle environment (people, process and technology) makes that wealth of information work for the benefit of the company."
The article further points out, "Storage may be cheap, but the technology and effort required to organize, categorize, search, retrieve and analyze Big Data is not. StoredIQ, Autonomy, Recommind and all the other enterprise search/analytic platforms are betting that Legal’s reflexive call to “Delete it all!” will ultimately fail or that they will become the pruning shears of retention management."
StoredIQ is a partner of SRM Legal and Mr. Buckles states "Big Data" was a central theme at their industry advisory board event last week, the blog post provides a link to further information about StoredIQ's event last week.
The blog post also states, "The 2011 IBM Global CIO Study showed consistent imperatives for CIO’s to leverage expanding digital assets. “An overwhelming 98 percent of those CIOs said they would lead or support efforts to simplify internal key processes. A full 95 percent said they would lead or support efforts to drive better real-time decisions and take advantage of analytics.” (page 35 of the report)." A link to the 2011 IBM Global CIO study referenced by Mr. Buckles is also included in his blog post.
Perhaps as the author suggests, "...the new wave of scalable enterprise analytics will present such a competitive advantage that it will force corporations to reevaluate this reactionary impulse to delete where possible." The writers of the Litigation Support and Technology News Blog truly believe that the technologies such as StoredIQ will completely change the way corporations deal with eDiscovery, and will also augment the role that outside counsel has in this process as well.
P.S. Law Firms certainly have use for technology like StoredIQ, to manage, map and index their own internal data. In addition, law firms also have a need to manage litigation holds, both for their client's, as well as for their own employees, StoredIQ proves to be a tremendous asset in that aspect.
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