The Digital Universe Paradox
Today Bloomberg BNA and Nuix hosted a presentation on new developments in electronic discovery. The participants in the presentation included Judge Frank Maas and James Arnold, the director of Forensics Technology at KPMG.
One of the issues that was focused upon was the 'Digital Universe Paradox', a study by IDC. While there has been a steady decline in the cost of data storage, the overall investment in data storage has been rising just as steeply. This may be explained in part by the failure of companies to purge unneeded data. A key problem for companies is their failure to discard data after the time they required to retain it.