News Roundup: Automation, AI, and the World Cup

By Concord Editorial   Jun 22, 2018
News roundup with a stack of newspapers

This week’s news was all about the pros and cons of AI and automation—in everything from law to the World Cup.

Artificial Intelligence Use Cases for Lawyers

As AI becomes a central topic for lawyers, more and more specific use cases are coming up—from digital assistants to legal research—highlighting how AI can help lawyers eliminate the manual tasks from their day and focus on more strategic projects. With nine use cases listed just as a starting point, it’s easy for legal teams to focus in on exactly how AI is able to change their workflow. The ability to practice law at a “higher level” is only possible with the right tools to speed up processes while maintaining a high level of compliance.

Benefits and Challenges of Robotized Arbitration

With technology advancing further every day, legal automation continues even into the courtroom. So, some have suggested, why not make arbitration fully automated? While there may be many benefits to this, there are also detriments. The right legislation is not yet in place to determine what is legally acceptable and what isn’t. Ultimately, due process could not be fully guaranteed without a human to validate a fair trial. There are some things that an algorithm cannot fully contain, and a human needs to evaluate.

While there are many advantages to the technology that is growing in the legal field as noted above, robotized arbitration is still a long way off, if it ever does indeed become possible.

Goldman Sachs used AI to simulate 1 million possible World Cup outcomes — and arrived at a clear winner

Finally, as the World Cup begins, Goldman Sachs used data and machine learning to predict a winner. The tool used was able to search through a large amount of variables, landing on the prediction of Brazil as a clear winner by defeating Germany. The data did include some surprises, for example that Saudi Arabia would advance out of the team stage, and Spain and Argentina would underperform. Yet the authors who published the report provided a disclaimer along with the findings, outlining how unpredictable of a sport football (soccer) is, and that the excitement around watching the games should only be enhanced by the data. Over a week into the tournament, it’s already fascinating to look back and see where AI has been wrong as much as where it has been right.

Technology advances further with every moment that goes by, whether it relates to the legal industry or sports, and has an impact on everyone’s daily lives. Ensuring the best of technology’s tools and processes are in place will ensure every organization is working to the fullest of its capability.

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