by John Tredennick The business world is accumulating data at a staggeringrate. Every day, estimates say, we create 2.5 exabytes of data. That numberwill double by 2014. Just one business, Walmart, is said to collect more than2.5 petabytes of customer data every hour.
From a legal standpoint, this accumulation of “big data”raises two major challenges. One is what is broadly referred to as informationgovernance. It involves sometimes-difficult, executive-level decisions aboutwhat data to keep, how long to keep it, and how best to manage it.
The second challenge arises when a business becomes involvedin litigation or a government inquiry. The difficulty then is for thebusiness’s lawyers to sift through all this data to find the specificdocuments, emails, text messages, spreadsheets, presentations and otherelectronically stored information that are pertinent to the matter at hand.
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