Credit: khunkorn/Adobe Stock Introduction
Generative AI (gen AI) has ushered in a wave of significant transformations across a range of business functions, including corporate legal functions. This innovative technology has the potential to transform legal departments and enhance efficiency across a spectrum of tasks, such as analyzing data, researching legal issues, summarizing documents, and comparing information. Legal organizations are attempting to embrace these new tools. However, they frequently fail to consider a key component needed for success: a robust data strategy.The Right Data Strategy Can Help Your AI Plan Succeed: A Guide for In-House Legal Teams
Before exploring its role in powering the effective use of gen AI tools, it is critical to understand what a "data strategy" entails in a corporate legal setting. In general, a data strategy is a comprehensive plan that outlines how an organization collects, stores, manages, shares, and uses data.
August 26, 2024 at 11:45 AM
9 minute read
Credit: khunkorn/Adobe Stock
Introduction
Generative AI (gen AI) has ushered in a wave of significant transformations across a range of business functions, including corporate legal functions. This innovative technology has the potential to transform legal departments and enhance efficiency across a spectrum of tasks, such as analyzing data, researching legal issues, summarizing documents, and comparing information. Legal organizations are attempting to embrace these new tools. However, they frequently fail to consider a key component needed for success: a robust data strategy.
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