Building a Global Information Governance and Discovery Programme – Predictive Analytics
FTI Consulting’s Sonia Cheng and Glenn Barden, and Patrick Oot from Shook, Hardy and Bacon, discuss how organisations are adding predictive analytics, machine learning and AI to their traditional information governance and e-discovery programmes, the benefits and potential downsides of doing so and what the future holds.
This is an extract from Corporate Disputes Magazine, Oct-Dec 2019. The whole publication is available at https://www.corporatedisputesmagazine.com/building-a-global-information-governance-discovery-programme-predictive-analytics
"CD: Could you provide an overview of the benefits that predictive analytics can bring to a global information governance (IG) and discovery programme? To what extent is predictive analytics becoming a modern business staple?
Barden: Whereas tasks in the past would have all been completed manually, with the quality control also forming part of this manual workflow, we are now in a position where technology is able to amplify manual decisions and then statistically validate the work product. Data growth continues to increase exponentially, and although that means decisions can be made using richer data than before, we are reaching the tipping point of where full manual review of that data is becoming impossible. The use of statistical modelling maximises the value of the data that is already available – meaning that the experts are able to spend more time deriving insights, rather than locating the patterns."
This article was originally published in Corporate Disputes Magazine, Oct-Dec 2019.