business

Legal Technology: Why the Legal Tech Boom is Just Getting Started — from nasdaq.com by Casey Flaherty and Jae Um of LexFusion; with thanks to Gabe Teninbaum for this resource via his Lawtomatic Newsletter, Issue #136

Excerpt:

In quick succession, legal technology finally saw its first IPOs:

LegalZoom (LZ; June 30, 2021)
Intapp (INTA; June 30, 2021)
CS Disco (LAW; July 21, 2021)

With private money pouring into legal tech startups and based on our own conversations inside the industry, we at LexFusion expect more IPOs on the horizon. Thus, a primer on legal tech as a category to watch. This Part I summarizes the legal market fundamentals driving unprecedented investment in enabling tech—much of which extends beyond the boundaries implied by “legal” as a descriptor.

A pivot point appears to be upon us. Considered unthinkable a decade ago, US states and Canadian provinces—following similar reforms in the UK and Australia that have resulted in the first publicly traded law firms—are rapidly creating regulatory sandboxes to expand current rules limiting (a) who can provide legal services and (b) who can own those businesses.

From DSC:
One can see why #AI will become key. “…the projected CAGR for global data volumes is 26%—to pt where ‘the amount of data created over the next three years will be more than the data created over the past 30 years.’ This data explosion complicates even standard legal matters.”

Gabe also mentioned the following Tweet, which is relevant for this posting:

10 trends for legal technology in the 20’s according to @richardsusskind #BLTF2021 pic.twitter.com/a7MpqE8wYA

— Laura Fauqueur ?? (@laurafauq) October 12, 2021

The Metaverse is Taking Over the Physical World — from interestingengineering.com by Rupendra Brahambhatt; with thanks to Dan Lejerskar for this resource
The virtual world is expanding with real world avatars and digital economy.

Excerpt:

The advent of AR, blockchain, and VR devices in the last few years has sparked the development of the metaverse. Moreover, the unprecedented growth of highly advanced technologies in the gaming industry, which offer immersive gameplay experiences, not only provides us a glimpse of how the metaverse would look like but also indicates that we are closer than ever to experience a virtual world of our own.

What is the metaverse?

The Metaverse is Taking Over the Physical World Source: Kelvin Han/Unsplash

A metaverse is a group of persistent, shared 3D virtual environments where you (in the form of your digital avatar) can visit places, shop for products, subscribe to services, work with your colleagues, play games, and even customize the scenes around you to meet your personal tastes and requirements, and the digital assets you own. So essentially, a metaverse is a virtual world or worlds, that would allow you to go inside the digital world — to be in rather than on the digital space.

From DSC:
Again I wonder….on the legal side of things…how will this impact what lawyers, judges, legislators, general counsels, and more need to know? Along these lines see:

What Skills Do Lawyers Need to Excel in a New Era of Business? — from jdsupra.com

To do this well, legal department heads and the lawyers and professionals in the department will have to learn, and practice, some new skills: embracing technology, project management, change management, and adaptability.
…
The first, and likely most obvious, skill an attorney needs in a rapidly evolving business environment is a firm grasp on existing and emerging technology. There are two important categories of technology to consider—the first is legal technology and the second is broader technology trends.

8 ways to keep learning and developing new skills while at home [Austin]

On 10/09/2021, in 24x7x365 access, adult learning, Alternatives, business, career development, cloud-based computing / apps / other cloud-related, communities of practice, computer science, creativity, digital learning, experimentation, health, ideas, languages and translation, learning, learning ecosystem, Learning from the Living [Class] Room, learning preferences, lifelong learning, love of learning, MBA, MOOCs -- Massive Open Online Courses, more voice more choice more control, music, online learning, online media, platforms, programming, tools, training / L&D, UK, United States, universities, vendors, virtual field trips, vision/possibilities, web-based collaboration, by Daniel Christian

8 ways to keep learning and developing new skills while at home — from babbel.com by Alice Austin
Being stuck inside doesn’t have to mean an end to personal development. Here’s how to keep learning new things while staying at home.

Excerpt:

Free Code Camp has been assembling a long list of courses that span multiple disciplines, from Data Science and Business to Personal Development and Art. They’re all Massive Open Online Courses (MOOCs), and they allow you to take university-created online classes through providers such as Coursera or Udacity.

So that class you missed out your first time going to college? Now would be the time to go back and really enjoy it.

There are tons of online tutorials on YouTube and many apps that can help you hone your skills. Yousician is an app that provides video tutorials to learn piano, guitar, bass and ukulele. There are other apps that specialize in one area, like Flowkey for piano, or SingTrue for vocals. Whatever instrument you have lying around, there are definitely resources out there for you to improve your skills.

Reflections on “Why everybody’s hiring but nobody’s getting hired” [Molla & Stewart]

On 10/01/2021, in business, career development, change, colleges, communities of practice, community colleges, corporate / business world, corporate universities / corporate training, Daniel S. Christian, formal learning, future, future of higher education, game-changing environment, generational differences, informal learning, learning, learning ecosystem, Learning from the Living [Class] Room, lifelong learning, love of learning, pace of change, passions, professional development, reinvent, society, staying relevant, strategy, surviving, training / L&D, United States, universities, vendors, vocational / trades, workplace, by Daniel Christian

Why everybody’s hiring but nobody’s getting hired — from vox.com by Rani Molla and Emily Stewart; with thanks to Ryan Craig for this resource
America’s broken hiring system, explained.

Tim Brackney, president and COO of management consulting firm RGP, refers to the current situation as the “great mismatch.” That mismatch refers to a number of things, including desires, experience, and skills. And part of the reason is that the skills necessary for a given job are changing faster than ever, as companies more frequently adopt new software.

“Twenty years ago, if I had 10 years experience as a warehouse manager, the likelihood that my skills would be pretty relevant and it wouldn’t take me that long to get up to speed was pretty good,” Joseph Fuller, a management professor at Harvard Business School and co-author of a recent paper on the disconnect between employers and employees, said. “The shelf life of people’s skills for a lot of decent-paying jobs has been shortening.”

From DSC:
I also think those hiring don’t think people can reinvent themselves. Folks who hire someone (and/or the applicant tracking systems as play) always seem to look for an exact match. There is little vision and/or belief that someone can grow into a position, or to lead differently, or to go in a different but better direction. They reach for their cookie cutters and shove their imaginations and ability to think bigger aside.

Employers could help people by investing in their employees’ growth and development — even if it means they actively help an employee take a right turn. Such an employee could hopefully find a new fit within that organization — if they do, they would likely turn out to be fiercely loyal.

Even if it means offering an employee 1-2 courses a year that they want to learn about — NO STRINGS ATTACHED — the learning culture would get a huge boost!!! Peoples’ love/enjoyment of learning would grow. Morale would improve. People would feel valued.

Let me offer a personal example:

My old boss, Mr. Irving Charles Coleman Jr, let me take a Photoshop class while I was working in the IT Department at Kraft Foods’ headquarters. Kraft paid for it, even though it wasn’t directly related to my position at the time. That course ended up changing my life and my future direction. No kidding. Thank you Irv! You’re the best!

National Disability Employment Awareness Month 2021

On 10/01/2021, in accessibility / UDL, Bias | Diversity Equity & Inclusion (DE&I), business, career development, corporate / business world, economics, neurodivergent/special needs, society, surviving, United States, workplace, by Daniel Christian

National Disability Employment Awareness Month 2021 — from dol.gov

Excerpt:

The theme for NDEAM 2021, “America’s Recovery: Powered by Inclusion,” reflects the importance of ensuring that people with disabilities have full access to employment and community involvement during the national recovery from the COVID-19 pandemic.

NDEAM is held each October to commemorate the many and varied contributions of people with disabilities to America’s workplaces and economy. Browse our website for ideas and resources for employers, community organizations, state and local governments, advocacy groups and schools to participate in celebrating NDEAM through events and activities centered around the theme of “America’s Recovery: Powered by Inclusion.”

The 2021 NDEAM poster is available now!

Twitter rolls out tipping with bitcoin, explores verifying NFT profile pics [Morse]

On 09/24/2021, in Blockchain, business, emerging technologies, entrepreneurship, experimentation, future, game-changing environment, platforms, social learning / networks, social media, tools, by Daniel Christian

Twitter rolls out tipping with bitcoin, explores verifying NFT profile pics — from mashable.com by Jack Morse
Bitcoin is coming to Twitter.

Excerpt:

Twitter is leaning into the blockchain.

The social media giant announced Thursday that, starting immediately, users around the globe will be able to post their bitcoin wallet directly into their profile — while a more limited subset will be able to more directly integrate a bitcoin payment app. The addition of cryptocurrency payments to Twitter, via Tips (formerly dubbed Tip Jar), coincides with the larger rollout of Tips to all iOS users globally, with Android access promised in the near future.

Reflections on “How tech will change the way we work by 2030” [Lamb]

On 09/20/2021, in 21st century, analytics, Artificial Intelligence/Agents/LLMs/and Related, Blockchain, business, career development, change, corporate / business world, Daniel S. Christian, data related items, future, technology (general), trends, United States, vision/possibilities, workplace, by Daniel Christian

How tech will change the way we work by 2030 — from techradar.com by Rob Lamb
Everyday jobs will be augmented by technology

Technologies like Artificial Intelligence (AI), Machine Learning (ML) and Blockchain will have a significant impact on work in the next decade and beyond. But if you believe the sci-fi hype or get bogged down in the technology, it can be difficult to relate them to today’s workplaces and jobs.

Excerpt:

Here are three everyday examples of their potential, expressed in terms of the business challenge they are addressing or how consumers will experience them. I don’t mean to over simplify – these are powerful tools – but I think their potential shines through best when they’re expressed in their simplest terms.

From DSC:
I have an issue with one of their examples that involves positioning AI as the savior of the hiring process:

The problem with this process isn’t just that it’s hugely time-consuming, it’s that all kinds of unconscious biases can creep in, potentially even into the job advert. These issues can be eradicated with the use of AI, which can vet ads for gendered language, sort through applicants and pick out the most suitable ones in a fraction of the time it would take an HR professional or any other human being.

AI can be biased as well — just like humans. Lamb recognizes this as well when he states that “Provided the algorithms are written correctly, AI will be key to organisations addressing issues around diversity and inclusion in the workplace.” But that’s a big IF in my mind. So far, it appears that the track record isn’t great in this area. Also, as Cathy O’Neil asserts: “Algorithms are opinions embedded in code.”

AI may not be as adept as a skilled HR professional in seeing the possibilities for someone. Can person A’s existing skillsets be leveraged in this new/other position?

Report: Community Colleges Drive Workforce Education, Training [Weissman]

On 09/20/2021, in business, career development, change, community colleges, higher education, learning ecosystem, training / L&D, United States, vocational / trades, workplace, by Daniel Christian

Report: Community Colleges Drive Workforce Education, Training — from insidehighered.com by Sara Weissman

Excerpt:

A new survey found that community colleges, and especially their noncredit programs, play an outsize role in providing job-focused education.

Opportunity America, a Washington, D.C., think tank focused on economic mobility, explained the survey findings in an accompanying policy report released Tuesday.

The report says community colleges are “poised to come into their own as the nation’s premier provider of job-focused education and training.”

El Salvador will become the first country to accept bitcoin as currency

On 09/07/2021, in business, change, economics, legislatures / government / legal, by Daniel Christian

“The government even went a step further in promoting the cryptocurrency’s use by giving $30 in free bitcoins to citizens who sign up for its national digital wallet…” https://t.co/Y4Apz1mKcp

— Daniel Christian (he/him/his) (@dchristian5) September 4, 2021

Top 300 Tools for Learning 2021 [Hart]

On 09/03/2021, in 24x7x365 access, A/V -- audio/visual, active learning, adjunct faculty, Adobe, adult learning, analytics, animation, Apple, art, blogs / blogging / vlogging, business, career development, cloud-based computing / apps / other cloud-related, CMS/LMS, collaboration, colleges, communications, communities of practice, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, creativity, design, digital audio, digital learning, digital photography, digital storytelling, digital video, e-books, e-publishing related items (EPUB and more), e-readers, education technology, educational games / serious games, elearning, engagement / engaging students, experimentation, face-to-face, faculty/staff, flipping -- inverted learning, Google, higher education, homeschooling/homeschoolers, innovation, instructional design, interactivity, IT in HE, K-12 related, learning, learning ecosystem, online learning, online media, open courseware and systems, platforms, podcasting, presentations, productivity / tips and tricks, professional development, programming, reading, remote teaching and learning, RSS, social learning / networks, social media, STEAM-related, storytelling, streams of content, student teaching/teacher education, student-related, teachers, teaching & learning, teaching online, technologies for your home, tools, training / L&D, trends, UK, United States, universities, vendors, videoconferencing, web-based collaboration, webinars, workplace, writing, youth, by Daniel Christian

Top 300 Tools for Learning 2021 — from toptools4learning.com by Jane Hart

Excerpt:

2021 was the YEAR OF DISRUPTION! There were a substantial number of new tools nominated this year so the main list has now been extended to 300 tools to accommodate them, and each of the 3 sub-lists has been increased to 150 tools. Although the top of this year’s list is relatively stable, there is quite bit of movement of tools on the rest of the list, and the effect of the new tools has been to push other established tools down – if not off the list altogether. Further analysis of the list appears in the right-hand column of the table below.

This table shows the overall rankings as well as the rankings on the 3 sub-lists: Top 150 Tools for Personal Learning (PL150), the Top 150 Tools for Workplace Learning (WL150) and the Top 150 Tools for Education (ED150). NEW tools are shaded YELLOW, tools coming BACK on the list are shaded GREEN. The most popular context in which each tool is used is also highlighted in BLUE. Click on a tool name to find out more about it.

DIGITAL SERIES – FUTURE OF WORK: THE NEXT GENERATION

Excerpt:

The working landscape in the United States has rapidly changed in the last 30 years. The one job-for-life model is vanishing and younger workers are trading in stability and security for flexibility and autonomy. GBH and PBS Digital Studios present the Future of Work digital series, a six-part docuseries chronicling six mid-career adults as they navigate the rapidly changing work landscape covering topics such as debt, the gig economy, remote working, career identity, and more.

This 12-year-old coder is set to earn over $400,000 after about 2 months selling NFTs — from cnbc.com by Taylor Locke

Excerpt:

But lately, non-fungible tokens, or NFTs, and the smart contracts, or collections of code, that power them, have caught Ahmed’s attention.

“I first learned about NFTs earlier this year,” Ahmed, who is based in London, tells CNBC Make It. “I got fascinated with NFTs because you can easily transfer the ownership of an NFT by the blockchain.”

From DSC:
Law professors who teach property and contracts might be interested in this as well. 🙂

And speaking of emerging technologies and the law, also see:

How AI-powered tech landed man in jail with scant evidence — from apnews.com by Garance Burke, Martha Mendoza, Juliet Linderman, & Michael Tarm

It’s time for leaders to get real about hybrid [De Smet, Dowling, Mysore, & Reich]

On 08/08/2021, in 21st century, business, business side of he, career development, change, corporate / business world, game-changing environment, generational differences, workplace, by Daniel Christian

It’s time for leaders to get real about hybrid — from mckinsey.com by Aaron De Smet, Bonnie Dowling, Mihir Mysore, and Angelika Reich
Employers are ready to get back to significant in-person presence. Employees aren’t. The disconnect is deeper than most employers believe, and a spike in attrition and disengagement may be imminent.

Excerpt:

Once in a generation (if that), we have the opportunity to reimagine how we work. In the 1800s, the Industrial Revolution moved many in Europe and the United States from fields to factories. In the 1940s, World War II brought women into the workforce (if not the C-suite) at unprecedented rates. In the 1990s, the explosion of PCs and email drove a rapid increase in productivity and the speed of decision making, ushering in the digital age as we know it today. And in 2020, the COVID-19 pandemic drove employees out of offices to work from home. Thanks to the development and wide distribution of COVID-19 vaccines, 2021 presents another such opportunity. The return to the workplace is a chance to create a new, more effective operating model that works for companies and people navigating a world of increasing uncertainty. There is, however, one big catch: employers must confront the broadening disconnect between how they and their employees see the future.

Learning Ecosystems

The Metaverse is Taking Over the Physical World [Brahambhatt]

8 ways to keep learning and developing new skills while at home [Austin]

Reflections on “Why everybody’s hiring but nobody’s getting hired” [Molla & Stewart]

National Disability Employment Awareness Month 2021

Report: Community Colleges Drive Workforce Education, Training [Weissman]

El Salvador will become the first country to accept bitcoin as currency

It’s time for leaders to get real about hybrid [De Smet, Dowling, Mysore, & Reich]

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