A New Era of Data Analytics for Investigations and Litigation
February 28, 2019
A New Era of Data Analytics for Investigations and LitigationDownload Article
This briefing paper by Nick Hourigan explains why you do not need to be a data scientist to gain a competitive advantage from analytics – but you do need the gumption to appreciate what is achievable – and the scepticism to separate it from speculation.
The following is an extract from Legal Business, originally published in February 2019. The entire publication can be read here: https://www.legalbusiness.co.uk/
"You do not need to be a data scientist to gain competitive advantage from analytics – but you do need the gumption to appreciate what is achievable – and the scepticism to separate it from speculation. FTI Consulting’s Nick Hourigan explains.
A key differentiator for lawyers today is the ability to engage with advanced analytics methodologies (and supporting technology) that make the most of available data. Fortunately, there is a nearly endless supply of instruction and thought leadership that can be tapped with a modest time commitment. Couple that with a willingness to risk exposing naïveté in initiating a few awkward conversations among colleagues (I just read a thing online about machine learning. Are you using that in any of your matters? Does the machine actually learn?), and a lawyer is well on the way to becoming an effective consumer of advanced analytics. Some recommended topics and terminology for fluent advanced analytics conversations include: algorithm, clustering, machine learning, natural language processing, network analysis, scripting language, time-series analysis and topic analysis."
Posted with permission from Legal Business. All rights reserved.