The role of the chief data officer (CDO) will become ever more important as the pace of digitalization intensifies. Their challenge will be to complement the role of the CIO, modernize information governance and deliver revenue from data assets.
In the age of “big data”, with many organizations feeling the constant threat of security breaches and struggling to stay on top of the numerous privacy concerns, it is very important for organizations to have in place systems to effectively manage their information. Studies suggest that management of information is impacting business productivity and creating costs and liabilities for organizations.
“Big data is data that exceeds the processing capacity of conventional database systems. The data is too big, moves too fast, or doesn’t fit the strictures of your database architecture.”
The #ACEDS2016 Live News Feed provides legal and information technology professionals with quick reference to 2016 ACEDS E-Discovery Conference and Exhibition specific news via short headlines and link addresses, presented by Twitter under the hashtag #ACEDS2016.
The principles of IG matter because information is health care’s most valuable asset. Information that is accurate, complete and timely supports patient safety, quality of care, population health, positive outcomes and accurate reimbursement. Effective IG drives profit and growth.
The cure for information overload is to shift our efforts away from the action needed to learn a fact and toward the skill of storing and retrieving information.
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Big data is no longer the hot buzzword it was a few years ago that people strained their brains to understand. It’s now entered the mainstream and can be viewed as an extension of traditional data crunching.
Despite the rapidly advancing processing and algorithmic tools available today, organizations are having a difficult time reaping the insights that these technologies are supposed to generate. This is largely because of to the mismanagement of data; data that hasn’t been managed and cleaned is of little use for analytics, no matter how slick the user interface is.
Data integration involves a lot of details (systems, transmission, structure, security, etc.) to address, but when it comes to pleasing the consumer the biggest and the most important task is normalizing the data.
Recent AI advancements may be the beginning of practical AI since it includes improved Internet search which clearly could help lawyers
Text analytics has had several distinct generations in the course of its evolution. From keyword-based analysis to clustering of concepts and sentiment analysis, text analytics has grown increasingly sophisticated.
Every modern system provides tools to import and export data in various formats. While they may not all provide the same level of capability, once you can get the data you want out of a system, you can transform it into the format you need.
A recent survey conducted on automating information governance by AIIM, a global community for information professionals, confirms, “up to 80% of electronically stored information is ROT (redundant, outdated, or trivial).”
By some estimates, eDiscovery costs U.S. organizations around $41 billion annually. Not only is this expensive, but it can also be a time-intensive exercise.
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When it comes to revenue growth, the majority of IG providers predict 20 percent growth or more.
When turning to a cloud computing solution, evaluate your business’s needs, data requirements and risk assessments at the beginning of the process.
Google’s decision to deploy AI into search shows that companies are starting to entrust their most valuable businesses to systems controlled in part by machine intelligence.
E-discovery can be costly – but not doing it right can cost significantly more. That’s where evaluating your current strategy by approaching e-discovery as a business process can enhance company value and performance.
If your client is a corporation, you will not be able to assert the Fifth Amendment in response to a discovery request.
The duty to preserve typically commences with the filing of a lawsuit, but the duty may arise even before a lawsuit is filed if a party has notice that future litigation is likely.
On 6 October, the European Court of Justice delivered a judgment which invalidated the Safe Harbor framework. Safe Harbor was a 15-year-old trade pact under which personal data could legally be transferred from the EU to the United States.