Most legal professionals-inside and out-would name that an abundance of caution. It’s the previous IBM analogy.
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Therefore, these tools are solely useful if the aim is prediction and if the historic information must be projected into the longer term (particularly given identified biases in that data). But, when seen in this means, many applications of machine-learning in the authorized business begin to look a little odd.
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Graeme is a authorized technologist with 15 years’ experience in authorized and monetary companies industries. Graeme has labored with considered one of Australia’s prime tier firms as Head of Innovation where he helped the agency via many innovation and know-how initiatives. Graeme’s work has been recognised in the 2017 Legal Innovation Index placing as a finalist, in addition to by the Financial Times’ Asia-Pacific Innovative Lawyer Awards 2016, inserting as ‘Highly Commended’ within the know-how category. Eric Chin is a strategy advisor that works with regulation companies, listed regulation corporations, LegalTech corporations, NewLaw companies and corporate legal departments on strategy, M&A, market evaluation, innovation and Asia. His experience spans throughout the Asia-Pacific area with work accomplished for legislation firms and Big Four accounting companies.