Richard Folsom explains law firm Kemp Little's innovative 4Corners online platform that unlocks an organisation’s contracts information.
The term 'artificial intelligence' can be applied to computer systems which are intended to replicate human cognitive functions.
In particular, it includes 'machine learning', where algorithms detect patterns in data, and apply these new patterns to automate certain tasks.
There are rapid developments in artificial intelligence that will have significant implications both for the legal profession and a number of areas of the law itself.
The Horizon Scanning report examines the potential influence of AI technology in legal services and its impact on legal processes, jobs, and values.