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Mike Simon Director of Strategic Development Navigant February 22, 2013

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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  1. Welcome to: Well .. . Actually .. . No eDiscovery meets Big Data – which will win? Mike Simon Director of Strategic Development Navigant February 22, 2013

  2. The eDiscovery Industry is Dying How to get a great job in the eDiscovery industry

  3. I promise to get to Big Data too . . . .

  4. Why the change?

  5. Things are kind of difficult

  6. Really difficult

  7. Jobs keep getting scarcer

  8. Law school costs keep going up

  9. . . . . Sorry

  10. Doesn’t a job in eDiscovery sound like a great place to be? Or maybe just A place to be????

  11. Whence eDiscovery?

  12. 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

  13. The Costs of Data Creation and Storage 1960 - 5 MB

  14. The Costs of Data Creation and Storage 1990 - 80 MB

  15. The Costs of Data Creation and Storage 2013 – 8 GB

  16. Our ability to understand data1960

  17. Our ability to understand data1997

  18. Our ability to understand data2012

  19. Everybody gets this . . .

  20. Except for the Legal industry

  21. I am just saying . . .

  22. eDiscovery- $1.4 billion (Gartner 2012)

  23. But it does not solve business problems

  24. 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

  25. But it does not solve business problems

  26. Who pays for it?The Client

  27. What do they think of it?They hate it . . .

  28. 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

  29. Information Management - $1.1 trillion Information Management - $1.1 trillion

  30. Welcome to the era of Big Data

  31. What is Big Data? The 3 V’s

  32. Welcome to the era of Big DataVolume

  33. Welcome to the era of Big DataVariety

  34. Welcome to the era of Big DataVelocity

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

  36. Value Welcome to the era of Big Data

  37. Some key Big Data facts:from 38 Things to Know About Big Data (http://barnraisersllc.com/2012/12/38-big-facts-big-data-companies/)

  38. 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)

  39. 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)

  40. 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)

  41. 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)

  42. 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)

  43. The most important fact?

  44. The most important fact?Using Big Data to create business value can be the difference between winning and losing for companies

  45. 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

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