http://ow.ly/clyx8
An article by Stephen E. Arnold posted on the itarnold.com website.
This article discusses "predictive analytics", and "big data". The article examines future technologies that will be designed to apply predictive analytics techniques toward big data.
The article discusses an article by Kroll Ontrack, which discusses the combination of predictive analytics and big data. The referenced article, "Predictive Coding Helps Tackle Big Data”, explains that as big data becomes more widespread it will make the eDiscovery process more expensive. A link to the referenced article is provided in Mr. Arnold's article.
"Predictive coding could make big data more cost-effective just as it makes attorney fees lower:
“However, having a mushrooming quantity of data means that when an e-disclosure request is issued, it takes even longer to trawl through information, identify relevant documents and compare duplicates. With the increasing time it takes, legal costs can skyrocket, a worrying trend for businesses in the current climate where margins are already stretched thin. For this reason the introduction of predictive coding in likely to be popular as it leaves the legwork to a sophisticated algorithm, finding relevant documents which can then be reviewed more closely.”"
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