Computer Forensics Displays the Potential to Grow at Over 16.6% During the 2019-25 Period
Why there is a huge potential when we combine the two "Digital" and "Innovation" ?
We all see that Digitalization opens up different business opportunities,the chance to design different business models, and to get far closer to the ultimate business need, to understand the customers wishes of products and services they want to buy.
Much of our innovation work today is caught up in out-of-date information, poor and inadequate data, restricted research and limited market understanding. Our innovation insights are badly lagging, with the effect being the solutions offered are not ‘tuned’ into the present and anticipated needs, as they often lack dynamic data. We need to digitize our innovation activities fully.
Digitalizing innovation processes can potentially liberate us from ‘guessing’ customer needs and connect us into real-time understanding. This being ‘digitally connected’ can provide the catalyst to a greater level of innovative solutions that are far more aligned to customer and market needs.
The IBM Institute for Business Value identified five distinct opportunities where digital innovation provides additional value:
We gain new insights that augment products and change our thinking by the generation of real-time or constant flows of market and customer-driven data
We improve our assets by digitalizing them. We can connect up machines, whole plants and complete organizations can be designed around the flows of data. This has an enormous impact on the potential to collaborate, to liaise, learn and build from this data, a new fresh knowledge insight. This can trigger ideas and new concepts to be evaluated as well as gain from having full oversight over the assets generating data or that coming into the company.
The ability today is to combine data within and across different industries. Within our move towards platforms and ecosystems the exchange of data allows for a “greater whole” to view it, add insights and knowledge and from this combined effect those within the ecosystem can gain a commercial and competitive advantage to build appropriate products, services, and business models in response
Each party is building up its own data. We are in times where trading data has become a highly valuable new source of revenue. Knowing weather patterns helps farmers, utility and those dependent on delivery to know and plan far better. We can trade audience data, interest in articles or newsworthy stories so others can associate with these to build more of a profile of who is engaged so they can offer products and services more tailored to their possible needs. The business of trading data is the new oil in the economy
Lastly, we can begin to organize data into more distinctive patterns, service capability options and build more sustainable systems where you build increasingly an accepted language that becomes codified in some way that gives new value. We can systemize thinking through data that allows for uniformity and allows multiple systems to exchange and see patterns. This is where algorithms have increased value. They can predict change.
What is exactly meant by Computer Forensics?
Having this intention in our mind, that what happened, how and when it happened and who were the people involved in it, then Computer Forensics finds its way, with the process of finding or analyzing the data created or contained within the computer. It identifies, collects, analyses and preserves the electronically stored information so that the data can be obtained later and presented in the court as evidence.
What is the difference between Digital Forensics and Computer Forensics ?
It seems same but it is not. In simple words, we can say that Computer Forensics means investigating the Computers whereas Digital Forensics refers to the investigation of not only computers but any digital device such as digital networks, cell phones, flash drives and digital cameras etc.
The authors of the paper “Computer Forensics in Forensis” , Sean Peisert, Matt Bishop and Keith Marzullo, state that,
Different users apply computer forensics systems, models and terminology in different ways. It also states that Computer Scientists working with Law Enforcement Officials need to be motivated by legal goals, but they need to understand those goals.
Further it states that, the accuracy of Computer Forensics methods in courts is not yet well understood.
Where does Computer Forensics find it's application ?
When Corporate Information is disclosed without permission.
When an Intellectual Property is stolen by an employee and passes that on to the Company's competitor.
In a Company, if an employee violates the Computer policy of when and how the Internet is used or if he does any illegal activity with the system in his office.
Damage analysis and assessment after an incident has occurred.
In general, Criminal and Civil cases.
Industrial espionage which involves stealing trade secrets.
White collar crimes which are non-violent and financially motivated, done by government or business professionals.
Commercial organizations find it's use in forgeries, employment disputes, bankruptcy investigations and fraud compliance.
Sexual harassment, deception and negligence.
Collection of information that may be used to terminate a person’s employment in future.
Why Computer Forensics is so important for the Law Enforcement Officers ?
The computer in itself, acts as a scene of crime and may provide us with evidences which are stored there unintentionally, in the form of emails, documents and Internet history.
There may also be files relevant to crimes such as kidnapping, drug trafficking, money laundering or fraud.
In addition, a files' metadata is used to find out more about that particular crime. The computer forensics analyst will determine when the file was first created, when it was edited and when it was printed or last saved. The forensics examination can also determine which user carried out these activities.
Hence, all these evidences are used in the court, to put allegations on a person or to defend a person from accusations.
What are the various kinds of Computer Forensic Investigations ?
Incident Response and Forensics
Intellectual Property Investigation
Administrative Investigation in Computer Forensics
Administrative investigations use digital forensics to examine workplace employees in the event of any suspicious behavior, corruption, or illegal activity. This includes using a company network or computer system to perpetrate crimes like sexual harassment, stalking, extortion, bribery, terrorism, pornography viewing, data theft, moonlighting, or some kind of discrimination.
How are Civil and Criminal Investigation different ?
Criminal Investigation is conducted by Law Enforcement Agents.
Criminal laws deal with the offenses against the individuals and the state. The law enforcement body of the state arrests the criminals and its judicial system conducts a trail. After that, the perpetrator is punished with fine, probation, imprisonment, or even capital punishment.
Civil Investigation is conducted by Private Investigators. Attorneys may also participate to get better results.
These are the proceedings in which the matters of property and money need to be settled. Here, people are arguing about their legal rights.
Intellectual Property Investigation
Trademarks, copyrights, trade secrets, licenses, and patents are all types of intellectual property. The goal of intellectual property investigation is to prevent intellectual property theft.
How is E- Discovery different from Computer Forensics ?
E- Discovery is used to collect all data and meta-data from all forms of storage media. This data, is however, limited.
Then, comes into scenario the Computer Forensics which does deeper recovery. It finds and investigates, into the unallocated disk space for identifying who, what, where, why from a computer
How did E- Discovery help Google win over Oracle ?
We recall the case when oracle had sued google for infringing its copyrights by using its Java code in its Android OS.
Google won this six-year battle through the E-discovery process. The company gathered multiple emails and presented it to the jury. Among the evidence was an email from the Chief Engineer of Google who suggested negotiating the license from Java. Another email revealed that Google bigwigs requested an alternative OS similar to Java be researched.
Protecting the data is paramount. Computer data retrieval specialists track and recover the electronic data from digital devices which is often wiped out and then they combine all the pieces of data and find out the convict. These specialists have a dual role. First, they must protect the hardware used in the alleged criminal activity, and second, they must glean through that hardware’s logs, media files and other contained elements to find information that can lead to arrests, charges and convictions.
Incident Response and Forensics
Since, we live in a disruptive Digital Era, as the number of devices connected to the Internet, is increasing, so, the incidences of security breaches are also increasing and it is a very disturbing issue. Hence, it is very crucial for the companies to be prepared to deal with such consequences. They should be prepared with an Incident Response Plan that includes Incident Detection and Response.
Future of Computer Forensics in the Global Scenario:
It is speculated that the Digital Forensics Market would strongly dominate the global economy with a substantial growth rate in the coming years.
The Global Digital Forensics Market Report 2019 encloses vital statistical data of sales and revenue based on leading segment such as type, regions, applications, technology, and elite players in the global Digital Forensics industry. The report gives a comprehensive analysis of contemporary trends, demand spectrum, growth rate, and key region-wise Digital Forensics market exploration.
As per the Report, Digital Forensics market worldwide is projected to grow by US$9.5 Billion, guided by a compounded growth of 16%. Computer Forensics, one of the segments analyzed and sized in this study, displays the potential to grow at over 16.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.9 Billion by the year 2025, Computer Forensics will bring in healthy gains adding significant momentum to global growth.
As per the Global Digital Forensics Report,
Promptly developing industry infrastructure, increased product commercialization, and drifting demands of the Digital Forensics are strengthening Digital Forensics industry’s footholds to become more influential and significantly contribute in international revenue generation.
Industry Segmentation: Healthcare Education Banking, Financial Services and Insurance (BFSI) Defense and Aerospace Law Enforcement
The Major Players Covered in this Report:
AccessData Group Inc. (USA)
Advanced Digital Forensic Solutions, Inc. (USA)
Coalfire Systems Inc. (USA)
Digital Detective Group Ltd. (United Kingdom)
Global Digital Forensics
Logrhythm Inc. (USA)
Magnet Forensics Inc. (Canada)
Nuix North America Inc. (USA)
OpenText Corp. (Canada)
Oxygen Forensics Inc. (USA)
Paraben Corporation (USA)
Representing the developed world, the United States will maintain a 19.6% growth momentum.
Within Europe, which continues to remain an important element in the world economy, Germany will add over US$743.5 Million to the region's size and clout in the next 5 to 6 years. Over US$686.7 Million worth of projected demand in the region will come from other emerging Eastern European markets.
In Japan, Computer Forensics will reach a market size of US$325 Million by the close of the analysis period.
As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 14.9% over the next couple of years and add approximately US$1.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers.
The Global Digital Forensics Report gives us a :
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
Country-level analysis, integrating the demand and supply forces that are influencing the growth of the Digital Forensics Market.
Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet.