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Tag: artificial intelligence

Learn more about artificial intelligence, machine learning and natural language processing in digital enterprise.

Regulatory Efforts in the U.S. Present an Encouraging Perspective

Government efforts to regulate AI in the United States have made significantly less progress than in the E.U. Several federal and local regulatory initiatives have been slow to move forward or were paused altogether. Many tech giants have taken it upon themselves to set forth AI ethics guidelines, task forces, and in some cases, to establish self-regulation efforts. Furthermore, a number of researchers, academics, and organizations have also begun exploring…

The Changing Landscape of the Legal Profession

The practice of law is experiencing digital disruption. The intersection of competitive pressures and technological innovation have transformed the way law firms and legal departments operate. The growth of the alternative legal services providers market and increased adoption of DIY solutions such as Rocket Lawyer place enormous pressures on the legal profession to become more efficient and competitive.  Decreased Technology Adoption Despite Increased Workload These competitive pressures notwithstanding, the legal…

The Ethical and Legal Challenges of AI

The potential for AI technologies to yield unintended and unfavorable consequences has sparked concern among policymakers and civil liberties groups. Regulations and guidelines surrounding the development and deployment of AI are becoming increasingly common. In order to create AI systems that are transparent, unbiased, and fair, there are a number of ethical considerations that must be evaluated. Firstly, AI ethics requires a holistic approach. AI ethics must take into consideration…

Bad Things Can Come from Non-Neutral Technology

Artificial Intelligence (AI) is becoming embedded into almost every facet of our lives. According to a Deloitte study, shipments of devices with AI are poised to increase from 79 million in 2018 to 1.2 billion by 2022. The potential benefits and social impact of AI are substantial. However, when the technology is not utilized properly, it can have unintended negative consequences. Below are three examples of bad, biased, or unethical…

AI is Redefining Contract Analytics

Contracts are the engine of a business. About 90 percent of organizational spending and investments are governed by the terms and conditions embodied in them.  Organizations continue to be challenged in identifying and extracting value from their contracts. A Harvard Business Review article found that while “contracting is a common activity, it is one that few companies do efficiently or effectively. In fact, it has been estimated that inefficient contracting…

Insurance Document Processing and the Opportunities in AI

Customer acquisition and retention are the essential drivers of insurance revenue and profit.  Today’s insurers face a new breed of competitor who targets customer experience with smart technologies, such as AI, focused on removing friction from their interactions. As FinTechs have done in consumer banking, new InsureTechs transform customer experience through smart mobile apps, integrating the phone’s camera as an input channel, and collecting data to target personalized offerings.  Competing…