What we’ve been reading this week – 27th August 2021
It’s been a busy few weeks for the team at Analytics Engines.
We were recently recognised as one of UK’s leading scaleups after being selected to join the Tech Nation Applied AI 3.0 programme. Following our appointment to the programme, we were delighted to attend the launch event in London in late September.
On Wednesday 29th September, Analytics Engines CTO, Alastair McKinley was pleased to join Glenn Watterson, Partner and Corporate Lawyer at Mills Selig, on stage at Digital DNA 2021. The session, titled “Data Trailblazers” was facilitated by Conor Houston, Houston Solutions, and explored how data is redefining the legal sector. A recording of the session can be found here.
Adoption of innovative technologies such as data analytics and artificial intelligence is helping to transform the legal sector.
This article from Forbes encourages legal firms to adopt data analytics as a core aspect of their operations, citing enhanced insight and improved customer experience as key reasons for organisations to welcome change.
The role of artificial intelligence and its impact on the legal sector are discussed further in this article from Forbes. In the article, they explore how artificial intelligence can help improve operational performance, reduce costs, and predict the outcomes of litigation.
Data-driven thinking is fast becoming a critical aspect of the legal sector. The lawtech market is expected to grow to a value of £22 billion by 2026 in the U.K. alone. The report goes on to highlight that “UK lawtech start-ups and scaleups are growing at a rate of 101%, outpacing fintech, climate tech and healthtech”.
For legal organisations keen to adopt data analytics and artificial intelligence as part of their operation, this article from Thomson Reuters serves as an excellent starting point, outlining some of the innovative ways legal professionals can develop a competitive edge through technology.
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