Halloween is this Sunday! Which means this week’s post for IPRO’s blog has a Halloween theme and you get two Halloween posts today (my traditional post is coming later today). For those who read my blog posts either here or there, it may not be ghosts, goblins, werewolves, witches and zombies that are scary – it may be something even more real and terrifying. The fear of being buried alive!
Buried alive by data, that is.
Several times over the years, including last year on the IPRO blog, I’ve discussed the enormous growth of “Big data”, which is the term used to describe the large volume and variety of data – both structured and unstructured – that overloads a business on a day-to-day basis. I provided a few eye-opening stats then – but that was last year! Here are a few more stats to give you a sense of the magnitude of the “Big data” challenge within organizations:
- 95% of businesses cite the need to manage unstructured data as a problem for their business.
- 63% of employees report they cannot gather insights in their required timeframe.
- Most companies only analyze 12% of the data they have, leaving 88% unanalyzed.
- Poor data quality costs the US economy up to $3.1 trillion yearly.
So, how much of that data organizations are getting buried in useful to them? And how do you minimize the bad data within organizations? You can find out on IPRO’s blog here. It’s just one more click! Don’t get buried alive by the data within your organization! It would be a grave mistake! See what I did there? 😉
So, what do you think? Are you getting buried alive by the data within your organization? Please share any comments you might have or if you’d like to know more about a particular topic.
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Disclaimer: The views represented herein are exclusively the views of the author, and do not necessarily represent the views held by my employer, my partners or my clients. eDiscovery Today is made available solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscovery Today should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.
