The legal industry has traditionally been risk averse, especially when it comes to new technologies. However, due to client demand to reduce costs and risks of human errors, Artificial Intelligence (AI) is preparing to swiftly disrupt this sector and automate time consuming tasks. It’s an exciting time to work for a law firm, but only if you’re ready to make the most of the opportunity that Applied AI is offering and reap the benefits of AI driven efficiencies.
Why is AI becoming more prevalent?
AI has become increasingly prevalent in everyday life, from contesting parking tickets and finding new recipes, to IBM Watson diagnosing cancers better than any human doctor can. Some argue that all this excitement around AI is just another hype cycle, but here at Aigen, we’re confident that the current surge of interest in AI is not just hype. This is because we are seeing AI deliver tangible and reliable benefits to business that it simply has not done before; it is being applied rather than theorised, and is ready to use.
How is this impacting the legal sector?
In the case of the legal sector, we are seeing a rise in projects beyond the conventional Robotic Process Automation (RPA) solutions. More firms are identifying opportunities that make use of Smart Process Automation (SPA) solutions, automating decision-making by using AI to take human expertise and legislation, applying it, allowing lawyers to more efficiently provide the right advice and decisions for clients.
These SPA solutions differentiate themselves as they involve the combination of one or more technologies, all carrying out specific tasks as part of a larger solution. It is only when these technologies are tied together, that you start to reap the benefits, taking major steps forwards.
The question is, to what extent has this happened? What do these solutions look like? Furthermore, what impact will the augmenting of human knowledge have on the future of the legal sector?
This publication contains a collection of articles from the Aigen team which sets out to answer these very questions.