It’s time for more legal professionals to embrace tech like AI, automation, blockchain, and IoT
The business and enterprise world as a whole is undergoing profound transformation thanks to modern technologies, new tools and platforms, and the implications they bring. Digital data has the potential to change everything from retail and customer service to manufacturing.
But as the world evolves on that front, so are the security, privacy and compliance sectors. Legal professionals, especially, have their work cut out for them, helping organizations and groups navigate the incredibly noisy technology market.
Before you can look at the implications of modern tech on the bulk of the business world, you have to consider how it influences your bubble — in this case the legal industry. How can legal make use of technologies such as AI, automation, blockchain or even IoT?
It can all be boiled down to automation, analytics and data — and big data, specifically. AI requires a healthy stream of data to be truly useful and IoT devices help create and collect that data. But it’s the processes that convert and extract insights from all that information that make the biggest difference. AI is at the heart of that too, but it’s powered by automation: systems that more efficiently and continuously carry out a particular action with little to no outside input.