Lisa M. (Bradford) Mayo, Director of Data and Analytics at Ballard Spahr LLP identifies how and why data and analytics are on the forefront of much of the firm’s modern technology offerings. Unlike many firms, Ballard’s data and analytics function sits inside their Client Value and Innovation department, where they have some latitude with a research and development budget and the directive to “fail fast” if they determine a proof-of-concept did not meet our needs. The firm’s data management mission statement says in part that we “contribute to the firm’s strategic goals by using innovative technologies, a variety of flexible and adaptive data sources, artificial intelligence/machine learning, and ongoing data literacy education to help redefine the Firm’s internal performance objectives and accountability drivers and transform how the Firm delivers legal services to its clients.” Just 48 words but loaded with meaning and purpose, both for now and in the foreseeable future.
Cybercrime is on the rise all around the world. As more companies adopt technology such as artificial intelligence (AI), big data, and cloud computing, they become more vulnerable to hackers who want to gain access to the valuable information stored on their systems. It is estimated that cybercrime costs companies over £3.1 billion in 2020 alone on a global level. Imran Zaman, an expert on Digital Disruption with Fortune 500 companies, advises regardless of whether you are a large corporation or a small business, cybercrime is something everyone needs to be concerned about in the Age of Digital Transformation.