Rahul Dev Tech Corp Legal ® Artificia l Intellige nce and Law
Jan 20, 2017
Rahul DevTech Corp Legal ®
Artificial IntelligenceandLaw
Contents
Artificial Intelligence and Law
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Artificial Intelligence – AI Wisdom
Artificial Intelligence – Big Data
AI and Law Firms - Example
3Artificial Intelligence and Law
Artificial Intelligence – AI WisdomArtificial Intelligence, or AI as it is well known, refers to the use of technology to execute complicated tasks.
With rapidly evolving technology and boom of digital innovations, AI is on track to replace a majority of human jobs by next decade. Accordingly, significant changes are required in law and public policy to ensure adequate regulation for protection of human interests.
Chapter
AI possesses decision making capabilities that are aimed at having a goal of making complicated tasks easy but the decisions taken by AI can impact businesses, consumers and citizens.
Accordingly, AI designs need to consider accountability before execution in real word. In use, AI mechanisms and outputs concern human limitations and biases, whereby divide between the humans and technology gets reduced to zero and that can make both our personal and professional life vulnerable to the side-effects to technology.
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Artificial Intelligence – Big Data
AI technologies are data driven and enormous amount of data needs to be analyzed and processed to execute complex tasks. Big Data plays a crucial role for AI to be successful as digital information from numerous sources is required to be in sync.
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Digital Information Landscape includes data driven insights drawn from multiple sources to facilitate functioning of autonomous systems such as driverless cars, drones and weapons that are needed to be in complete sync with the physical world systems. Accordingly, safety & validity of all AI innovations is prone to regulation to ensure safety and sustainability.
Artificial Intelligence and Law
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Artificial Intelligence in Law Firms – Example
In January 2016, US law firm of Baker & Hostetler became the first law firm to employ the IBM Watson-powered lawyer ‘ROSS‘- the world’s first artificially intelligent attorney. The thinking behind invention fo ROSS is that legal research has always been an expensive and a time consuming process that affects law firm’s practice and its clients. Hence ROSS is an artificially intelligent attorney to help lawyers and law firms power their way through legal research.
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Based on the principles of cognitive learning powered by IBM’s Watson supercomputer, ROSS improves upon existing alternatives by actually understanding the questions asked by lawyers and law firms in natural sentences like - "Can a bankrupt company still conduct business?". ROSS then provides lawyers and law firms with an instant answer with citations and suggestions including highly topical readings from a variety of content sources.Artificial Intelligence and Law
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Baker & Hostetler, a
law firm in US, is
using ROSS in the
firm’s bankruptcy
practice. ROSS is
designed to use a
“cognitive computing
system” to go through
the relevant
legislations and
judicial
pronouncements within
a matter of seconds.
IBM claims that ROSS
is capable of sorting
through more than a
billion text
documents each second
and it can further
learn from the
feedback to get
smarter over time.
At the same time, AI and tools like ROSS can
replace human resources that are presently
used for data analysis. However, in future, a
balance between the AI and lawyers will exist
that shall use the expertise of both
stakeholders to provide best possible
solutions in an efficient manner.
Legal market is bound
to face the impact of
artificial
intelligence based
tools like ROSS. On
one hand, AI based
innovations can
assist lawyers, law
firms and legal
professionals by
increasing prompt
access to relevant
information and by
understanding
client’s issue to
determine strategies
for solving legal
problems.
Artificial Intelligence and Law
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Artificial Intelligence and Law