This report explains what data analytics offers businesses and law firms. Using Sherlock Holmes' exceptional skills in data analysis as a metaphor, as well as drawing on the Darwinian theory of evolution, the report outlines how law firms can integrate data analysis into their overall business and client strategies to increase profitability, offer more competitive pricing, develop collaborative and time-saving efficiencies, and predict future trends.
87% of enterprises believe that big data analytics will redefine the competitive business landscape within the next three years (Accenture, 2014). The legal industry is no different.
This report equips law firm and business leaders with the tools necessary to adapt to market changes and, in doing so, remain competitive, survive, and thrive in an evolving legal market.
This report will enable you to:
• Understand the impacts of big data analytics on strategic pricing, processes, and change management
• Assess how big data affects our perceptions of privacy
• Seize the opportunities (in terms of cross referencing and analysis) and combat the threats (in terms of data security) associated with big data and predictive analytics
• Formulate your own strategies using the methods outlined to analyse, predict, and realise profitable steps forward.
Chapter 1: The Sherlock syndrome and the Darwinian data disruption
Chapter 2: Exploring the Snowden effect
Chapter 3: Big data and Tinder – Speed dating through volume, variety, and velocity
Chapter 4: Social consumerism – Do we take the red pill or the blue pill?
Chapter 5: Spherical posture, positioning, and timing
Chapter 6: Harmony and analytics – Building the predictive organization
Chapter 7: Reinvention, Leonardo Da Vinci, and the Oracle
Chapter 8: Space age integration, predicting the predictive, and “there is no spoon”
Check our Executive Summary and full table of contents here