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How Data Analysis Is Disrupting the Legal Industry
The legal industry, like many others, is experiencing significant disruption due to transformative technology. One technology that is rapidly gaining traction is data analysis. Data analysis is the gathering, inspecting and modeling of data in order to gain insight into how real-world processes work and make predictions and decisions about them accordingly. Data analysis is rapidly taking hold in many industries as a way to make more objective measurements and gain valuable insight into the true nature of human-driven systems. As with many technological advances, the legal industry has been slow to adopt data analysis as compared with other industries. This is partly because attorneys are risk-averse. But it also has to do with the nature of legal data. The most readily analyzed and modeled data is highly quantitative in nature — think of the natural sciences. Science itself is data analysis in its broadest sense, and has been around for hundreds of years. In the modern context,