Is having more data always better? Whether you think of managing information from a risk mitigation or business value perspective, the information explosion happening around us demands that we find more effective ways of dealing with our data. Information governance offers the opportunity to gain control over our data and extract value from it. But, to succeed, we need to think differently about information. These and other ideas are explored by Barclay T. Blair (IGI Founder and Executive Director) and Bennett B. Borden (IGI Founder and Chair) during two thought-provoking discussions at the Journal of Law and Technology (JOLT) Symposium, “Information Governance: A Comprehensive Approach to e-Discovery” (February 28, 2014).
In his talk, The State of IG: Who is Doing it, Paying for it, and Recent Trends, Barclay argues that “[w]e need to change the way we think about information,” looking for the patterns that emerge rather than focusing alone on the individual data points or documents, to create meaning. “The value is not in the papyrus; it’s in the pattern. It’s not about the codex; it’s about the corpus,” says Barclay. By looking for patterns in the data, we can extract meaning from data produced incidentally to regular business processes. In this way, IG can act as an “enabler” of new business models. To watch the full talk, click here.
Bennett argues that through the effective use of machine learning and other technologies to review data, the legal community may be able to “sell certainty” to clients about the facts of their case. In his talk, Finding the Signal in the Noise: Information Governance, Analytics, and The Future of Legal Practice, Bennett describes ways in which technology can be used to quickly reconstruct what happened in litigation and other investigations and to even predict future bad acts by searching for patterns linked to such behavior. All of us leave digital tracks which careful investigation can uncover. “In this day and age, we can create certainty, and that is because of the amount of information we have available to us. You simply cannot go throughout your day without leaving a digital trail, even if you wanted to,” say Bennett. To watch the full talk, click here.