Legal technology expert, and Neota’s International Managing Director, Greg Wildisen looks at AI’s impact on the legal sector.
Via Legal Week
The recent media frenzy about artificial intelligence (AI) has been unavoidable. This vision has perhaps come a step closer with the arrival of IBM Watsoni and Richard Susskind’s latest book, The Future of the Professionsii, which predicts an internet society with greater virtual interaction with professional services such as doctors, teachers, accountants, architects and lawyers.
In reality, is AI many years away from making any real impact in the legal sector? And should law firms see this technical advancement as an opportunity or threat?
Broadly speaking, AI is the theory and development of computer systems which will perform tasks that normally require human intelligence. This is often now referred to as cognitive computingiii. Much of the BBC and Channel 4 AI series has revolved around this type of robotics, an exciting field, but not relevant to law.
Why the interest? Neota Logic platform provides a no-code AI platform which means that non-technical people can rapidly translate an idea into a fully functional Smart App. The software does this by using a series of complex rules, reasoning and business processes to deliver an easy to understand set of recommendations to the end user in seconds.