eDiscovery Daily Blog

The Four V’s of Big Data: eDiscovery Trends

I love infographics!  A picture is truly worth a thousand words.  So, when I saw this infographic about big data, I felt I needed to share it.

Courtesy of IBM (which I found via the blog Stephen’s Lighthouse), The Four V’s of Big Data shows the Volume, Variety, Velocity and Veracity of big data and provides interesting tidbits, such as:

  • 40 zettabytes (43 trillion gigabytes) of data will be created by 2020, which is 300 times the data volume of 2005;
  • 6 billion people have cell phones (out of 7 billion people in the world);
  • By 2016, it is projected that there will be 18.9 billion network connections (almost 2.5 connections per person on earth);
  • 4 billion hours of video are watched on YouTube each month, 400 million tweets are sent per day and 30 billion pieces of content are shared on Facebook each month;
  • Yet, 1 in 3 business leaders don’t trust the information they use to make decisions and poor data quality costs the US economy around $3.1 trillion per year.

As always, the volume and quality of data affects organizations from both an information governance and eDiscovery standpoint, so these fun facts can be useful in conveying the challenges those organizations face today in trying to manage it all and meet their obligations.  Did you like those fun facts?  Here are some more.

So, what do you think?  How is your organization coping with big data?  Please share any comments you might have or if you’d like to know more about a particular topic.

Disclaimer: The views represented herein are exclusively the views of the author, and do not necessarily represent the views held by CloudNine. eDiscovery Daily is made available by CloudNine 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 Daily should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.