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Information Innovation: Turning Insights into Opportunities
 

Information Innovation: Turning Insights into Opportunities

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Presented by Rob Saccone at the

Presented by Rob Saccone at the

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  • http://www.youtube.com/v/FxZVwhLlQlI
  • http://www.indeed.com/jobtrends
  • http://www.deloitte.com/us/crunchyquestionsflash
  • http://www.clearspire.com/http://www.slate.com/articles/technology/robot_invasion/2011/09/will_robots_steal_your_job_5.htmlhttp://www.nytimes.com/2011/05/24/business/24lawyers.html?_r=1&ref=businesshttp://www.businessweek.com/management/law-firms-should-spurn-outside-investments-09202011.htmlhttp://www.forbes.com/sites/danielfisher/2011/08/11/google-jumps-into-online-law-business-with-rocket-lawyer/
  • http://www.youtube.com/v/dOkUzQ5Rt7c http://www.youtube.com/v/7a_Ti7g_Fxo
  • http://www.zdnet.com/blog/hinchcliffe

Information Innovation: Turning Insights into Opportunities Information Innovation: Turning Insights into Opportunities Presentation Transcript

  • Information Innovation: Turning Insight into Opportunity
    Rob Saccone
    Vice President, Product Management
  • the capacity to gain an accurate and deep intuitive understanding
    insight
    immediate and clear understanding that takes place without recourse to overt trial-and-error behavior
    an understanding of relationships that sheds light on or helps solve a problem
  • insight
    foresight
    hindsight
  • insight
    people
    technology
    data
  • insight
    people
    technology
    data
  • insight
    people
    technology
    data
  • even more social content
    public records
    shared firm content
    news and events
    benchmarking data
    market data
    in “the cloud”
    usage data
    inside the firm
    social content
    social content
    outside the firm
    usage data
    email
    documents and records
    time and billing
    articles and publications
    contacts and activities
  • even more social content
    public records
    other shared firm content
    news and events
    benchmarking data
    market data
    usage data
    social content
    your competition, and your clients, are watching…are you?
  • The “Information Value Chain”
    Data is entered or collected…
    then cleaned, classified, related to other data…
    to create, organize, integrate, and deliver information…
    that ultimately is applied to inform decisions.
    Source: “The value chain for information” @ http://liako.biz
  • Data is entered or collected…
    to create, organize, integrate, anddeliver information…
    then cleaned, classified, related to other data…
    that ultimately is applied to inform decisions.
  • There are technologies that can refine
    raw data into valuable information
    Email and Contacts
    Hubbard OneContactNet
    Contacts and relationships between people and businesses
    Court Filings and Legal Proceedings
    Hubbard OneMonitor Suite
    Competitive intelligence, legal activity trends, IP filings, deal information and case outcomes
    Documents and Emails
    Thomson ReutersCARE, KeyCite, etc
    Named entities, legal topics and practice categories, citations
    Any Web / Text / Files / Docs
    Thomson ReutersCalais
    Named entities, facts, events
    News and Social Media
    Manzama
    Sentiment, mentions and references
  • There are technologies that provide plumbing
    between all of your sources of data – automatically
    Court Filings and Legal Proceedings
    Thomson Reuters Content
    Email and Contacts
    Public Records
    Documents and Emails
    Competitive Intelligence
    Web / Text / Files / Docs
    Legal Research
    News and Social Media
  • There are technologies that simply speed up production and reduce costs
    I’m meeting with Client XYZ in 10 minutes!
    Client Financials
    Public Records
    Matter History
    Legal Activity
    Contacts and Activities
    Competitive Intelligence
    Documents, Records, etc.
    News and Events
    Here’s all we know about Client XYZ!
  • There are technologies that can help you “see” the answers
  • More than dashboards and reports…combine all sources of data to provide insight and analysis
    …but first need to solve fundamental challenges around data quality and completeness
  • Ultimately, data plus technology provides insight to people that want to make better decisions. But do they know what they are looking for?
    ?
  • “A shortage of the managerial talent necessary to make the most of big data is a significant and pressing challenge and one that companies and policy makers can begin to address in the near term… 
    …the United States alone faces a shortage of 140,000 to 190,000 people with deep analytical skills as well 1.5 million managers and analysts to analyze big data and make decisions based on their findings.”
    Source: McKinsey Global Institute - May 2011 Big Data Executive Briefing
  • “big data”
    “data scientist”
    Source: www.indeed.com/jobtrends
  • Get your **** together!
    MP
    CKO
    CMO
    CFO
    CIO
  • Wicked smaht tips
    Start where you are
    Ask crunchy questions
    Listen carefully
    Accelerate insights
    Enhance visualization capabilities to engage users
    Build a fact-driven culture
    Practice right-fit analytics
    Source: Deloitte, “Crunchy Questions for Sticky Issues”, http://www.deloitte.com/us/crunchyquestionsflash