Lighting up dark data: How law firms extract value from hidden information
Dark data is a dramatic term for a straightforward problem: unstructured files growing on law firm network servers i.e. file shares -- and no one knows what the files contain or if they still matter to the firm. Recently, IBM estimated that over 80% of business data is unstructured. Big Blue thinks that this already high percentage will climb to 93% in the coming years. The problem is that dark data costs money to store, carries compliance and privacy risks, and obscures value because the firm cannot analyze files to extract business intelligence. In this white paper, the impact that dark data has on your firm’s profitability will be discussed, along with the many benefits of pulling that dark data into the light.