  By being the first observatory to survey the source rich low frequency region
of the gravitational wave spectrum, the Laser Interferometer Space Antenna
(LISA) will revolutionize our understanding of the Cosmos. For the first time
we will be able to detect the gravitational radiation from millions of galactic
binaries, the coalescence of two massive black holes, and the inspirals of
compact objects into massive black holes. The signals from multiple sources in
each class, and possibly others as well, will be simultaneously present in the
data. To achieve the enormous scientific return possible with LISA,
sophisticated data analysis techniques must be developed which can mine the
complex data in an effort to isolate and characterize individual signals. This
proceedings paper very briefly summarizes the challenges associated with
analyzing the LISA data, the current state of affairs, and the necessary next
steps to move forward in addressing the imminent challenges.
