ZyLAB warns of the dark side of 'big data'
ZyLAB, leading provider of e-Discovery and information management solutions, today published a white paper written by Prof. Johannes Scholtes, Chief Strategy Officer and founder of the organization. The paper warns IT decision makers and legal professionals about the dark side of big data, advising on the adoption of a program for archiving and retention to protect their organisation and increase operational efficiency.
The term “the dark side of big data" refers to requirements in the fields of e-Discovery governance, compliance, privacy and storage that can lead to excessive costs and new risks. "Many companies tend to focus on the opportunities of Big Data. They use huge, almost unmanageable volumes of information to recognise patterns and predict behavior in order to increase revenue and optimise business processes. In the current legal environment, however, companies are increasingly facing judicial penalties because they fail to find or submit electronic information and breaches of privacy and security will be severely punished. “said Professor Scholtes.
The white paper provides guidelines to reduce the costs and risks of e-Discovery. Prof. Scholtes recommends that companies start with the efficient and defensible cleanup of data in obsolete systems (legacy data). As a next step he suggests organising documents according to a legally justified archiving plan and the introduction of a strict policy for retention and destruction.
Prof. Scholtes warns that for many organisations the transition to responsible and proactive record, information and data seems easier than it is. "Most activities in the area of cleanup, archiving and preservation of (legacy) data are being hindered due to insufficient knowledge and the challenge of key stakeholders who do not work well together."
The full whitepaper is available on the ZyLAB website. Here you can also find a link to a recording of the recent webinar "The Dark Side of Big Data" with Prof. Scholtes and David Horrigan, e-Discovery and information governance analyst at 451 Research.