Data Analytics Use on the Rise in Legal Operations

The use of data analytics is becoming more prevalent in the current business landscape. Retailers make use of the technology to analyze customer purchases looking for buying trends, while credit card companies use it to analyze incoming transactions looking for fraud. The information gleaned from data analytics gives organizations more confidence during the decision-making process, which can lead to improved operational efficiency, cost reductions and reduced risk. In-house counsel not exempt from this trend and are beginning to make use of data analytics, and the technology is expected to have a significant impact in the future service legal departments provide ...