The recently published examiner report into the Lehman bankruptcy indicates the scale of the data challenge faced when winding down a financial institution of its size: the examiner was faced with three perabytes (otherwise known as 350 billion pages) of electronically stored data to process. Unsurprisingly, given the fact that information needed to be presented before the end of the next century, the examiner was only able to collect and process five million of these documents (around 40,000,000 pages, or 0.01% of the total number of pages). This challenge was further exacerbated by the storage of this data on “arcane, outdated or non-standard" systems, said the report by Anton Valukas of Jenner & Block.

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