Who Will Save E-Discovery? Say “Hello” to Big Data!

http://ow.ly/7Mmod

An article by Dennis Kiker posted on the LeClair Ryan website.

This article discusses the importance of eDiscovery services when it comes to dealing with "Big Data".

The article states, "...There, up in the sky! Is it a man? Is it a plane? It’s Big Data! What is it? What does it mean? Put very simply, it means that there is a lot of data out there. More than we ever could have imagined even a few short years ago, and it is expanding at a mind-boggling rate. Here are a few statistics from a McKinsey & Company report
:
You can purchase a hard disk drive for $600 with the capacity to store all of the music in the world.
The U.S. Library of Congress had 235 terabytes of data as of April, 2011.
15 of 17 business sectors in the U.S. have more data stored per company than the entire U.S. Library of Congress.

A few more statistics from IDC:
In 2011, the amount of information created and replicated world-wide will exceed 1.8 zettabytes. (A zettabyte is 1 billion terabytes – is your mind boggling yet?)
The volume of data created has more than doubled every two years and the rate is expected to increase."  A link to the referenced McKinsey report is provided in the article.

The article goes on to discuss the author's definition of "Big Data" (which isn't necessarily the only definition of this term...see http://ow.ly/7Mn8o )  and states that due to the expanding nature of the volume of data that can be subject to an eDiscovery request that there will be a need for such services for quite some time to come.  The author states, "...where there is money, there is litigation and regulation, and there is huge money in big data. And big data means, well, big data – more information to identify, preserve, collect, analyze and produce in discovery and regulatory response."