The Data-Backed Legal Function: Enhancing Insight, Creating Business Impact, And Improving Customer Experience

The Data-Backed Legal Function: Enhancing Insight, Creating Business Impact, And Improving Customer Experience

Business Trends Graphs and charts 3d image Reference Earth Map taken from open source: ... [+] http://visibleearth. nasa. gov/view_rec. php?vev1id=11656 Software used: 3dsMax Date of creation (rendered) - 26. 08. 2011 All layers used "It is a capital mistake to theorize before one has data."—Sherlock Holmes Data is critical to rapid, informed, decision-making, prognostication, and risk assessment. Advanced mining and analytics provide critical insights into talent, operations, performance, competition, markets, customers, risk, and a legion of other critical areas. Data, in concert with change management, technology, collaboration, diversity, talent, and customer-centric corporate purpose and execution, is central to digital success. Data does not render judgment; it informs and enhances it. Data provides a distillation of collective experience providing insight to the past, navigating the present, and projecting the future. Carly Fiorina, former CEO of Hewlett Packard HPQ , observed, "The goal is to turn data into information, and information into insight." Data is only as relevant as what it measures, and data mining and analytics, likewise, are only as material as the quality of human judgment applied to problems worth solving. Data is not about report generation and flashy dashboards but material, actionable insight that makes things better for customers.