What is data analytics?
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Data analytics or big datais intended to help make better decisions by analyzing «raw» data in order to draw conclusions from the information obtained.
First of all, LAWYOU lawyers emphasize that, we have to be clear that data analysis is not going to give us an answer, it is going to give us more data, which will have to be analyzed by specialists in the field.
In this regard, various degrees and courses in data analytics, or data analytics, have emerged to train professionals who are increasingly in demand.
The main objective of using these processes is to gain competitive advantage and improve profitability. This end is achieved by automating processes, which in turn offers greater speed and less chance of making a mistake.
What is Big data?
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First, the term Big data or massive data refers to information assets characterized by high data volume, processing speed and variety of information (known as the three «V «s of Big data).
The information analyzed is presented as a set of data that grows so rapidly that it cannot be manipulated by traditional management. Therefore, data analytics tries to analyze this large amount of data to discover hidden patterns or unknown correlations that are very useful.
What is the impact of data analytics in the legal field?
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Nowadays the legal system creates a large amount of new information on a daily basis (judgments, resolutions, …) which makes the preparation of cases much more tedious due to the amount of jurisprudence and applicable regulations.
Consequently, the legal world has to join the analysis of Big data in order to survive. However, we cannot forget that this analysis offers nothing more than information and that in order to get a return on it the value judgment of the lawyer will be key.
For example, the analysis of big data of the activity of the Courts or Tribunals can help us to predict in an approximate way the evolution that the case will have, the incidence that it will have or even the result that will be obtained.
From here on, big data presents great legal challenges with respect to consumers. Firstly, with regard to security, since behind every data analyzed there is a person who has the right to defend their privacy.
Therefore, entities cannot just start collecting data in any way, it is recommended that they take legal advice first.
Secondly, in relation to consumers’ access rights. Since with the large amount of data they currently have in case a consumer requests their right of access it will be a great burden.
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