Why Is Law So Slow To Use Data?
"Data is the oil of the digital era," proclaims a 2017 Economist article. Big business--especially tech giants like Alphabet (Google's parent), Amazon, Facebook, and Apple among others-- are mining data like Standard Oil processed petroleum a century before. Why is the legal industry still running on gut and instinct while the businesses it serves are propelled by data? A recent survey by business analytics powerhouse RELX Group polled 1,000 U.S. senior executives across the health care, insurance, legal, science, banking industries as well as government. Law finished last among industries--just ahead of government--in utilizing big data in some form.
Jun-26-2019, 22:59:17 GMT
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