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the future: big data meets law
"Big Data: the next frontier for innovation, competition, and productivity."
quantitative prediction and big data
data points
judge
attorneys
plaintiff profile
past cost
retailer
etc.
the problem of legal cost for businesses
court
claims
location
conditions
settlement value
exposure value
cloud based software as service
$
?
premises liability
Fulbright Litigation Study
National Safety Council :
-2nd most occurring accident
-$70 billion annually
source:www.fulbright.com
competition
benefits and applications
1. simplifies
2. productivity
3. transparency
4. decision making
5. cost saving
why?
1. comprehensive case value
2. composite case value
finances
initial + quarterly/yearly subscription fee
$70 billion to save businesses and tap into
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