Yes, I am still reading Richard Susskind‘s Tomorrow’s Lawyers: An Introduction to Your Future. Chapter 5: Disruptive Legal Technologies definitely caught my attention:
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2. Big Data
Yes, it’s a buzz term, but there is something behind it. Just like when Kevin O’Keefe and I sat around a table at the Bonaventure Hotel many years ago trying to figure out what this Twitter thing was all about. There is something “there” here.
Very little work has yet been undertaken on the relevance of big data for law. However, I predict that it will prove, in due course, to be of profound significance. For example, by aggregating research data, we might be able to find out what legal issues and concerns are troubling particular communities; by analysing databases of decision by judges and regulators, we may be able to predict outcomes in entirely novel ways; and by collecting huge bodies of commercial contracts and exchanges of emails, we might gain insight into the greatest legal risks that specific sectors face. The disruption here is that crucial insights, correlations, and even algorithms might come to play a central role in legal practice and legal risk management and yet they will not be generated through the work of mainstream lawyers (unless they choose to collaborate with big data scientists). p. 67
Wowsa. Again.
I remember the passion and excitement that hit me with the advent of blogs, and then social networking.
I’m starting to get that same feeling around Big Data. It’s not about aggregation, but the analysis, and actionable predictions.
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