AI in the Legal Industry: 3 Impacts and 3 Obstacles — from exigent-group.com

Excerpt:

In this article, we’ll talk about three current impacts AI has had on the legal industry as well as three obstacles it needs to overcome before we see widespread adoption.

Consider JPMorgan’s Contract Intelligence (COIN) software. Rather than rely on lawyers to pour over their commercial loan contracts, the banking giant now uses COIN to review these documents for risk, accuracy and eligibility. Not only does this save JPMorgan 360,000 hours per year in contract review, it also results in fewer errors. One can also look to major law firms like DLA Piper, which now regularly rely on AI for M&A due diligence. At Exigent, we’ve had first-hand experience using AI to support document analysis for our clients as well.

2. Legal departments need to build cross-functional expertise
…bringing greater diversity into the legal department is essential if the efficiencies promised by AI in the legal industry are to be realized.

Fortunately, some legal departments have begun to bring data scientists on board in addition to lawyers. And the industry is beginning to open up to hybrid roles, like legal technologists, legal knowledge engineers, legal analysts and other cross-functional experts. It’s clear that a greater diversity of skills are in the legal department’s future; it’s just a matter of how smoothly the transition goes.

 

More states require telehealth coverage going into 2021 — from by
Several states passed recent laws that would require commercial insurance plans to cover more telehealth services on a permanent basis. More states now require health plans to pay the same amount for telehealth as in-person visits.

From DSC:
Telelegal on deck…? What about in your area of work…what’s coming down the pike in this regard?

 

 

Public Colleges Are Going After Adult Students Online. Are They Already Too Late? — from chronicle.com by Lee Gardner

Excerpts:

But competing with the established national players in online education presents a tall order. The so-called megauniversities have a huge head start and deep pockets, two advantages public universities are unlikely to overcome easily, if at all.

Mega-universities have spent more than a decade building and honing well-funded and sophisticated operations that function on a scale few start-ups can hope to match. They spend hundreds of millions of dollars each year marketing themselves nationwide to students.

Mega-universities have also developed recruitment and admissions operations designed to make things as easy as possible for working adults to enroll.

 

 

Remote Learning Isn’t Just for Kids — from nytimes.com by Kerry Hannon
New online tools and an array of remote classes and programs are ramping up education and training for adults.

Excerpt:

Adult education, however, is “the Wild West” of education technology, according to Mr. Yoquinto. There are many outlets experimenting with ways to get a handle on the online adult education marketplace, including community colleges and universities, for-profit learning platforms, workshop providers and nonprofit organizations.

Above resource per Laurie Burruss out on LinkedIn:

The internet has empowered adult learners by providing new online tools to ramp up education and training. “The need for workers to keep pace with fast-moving economic, cultural and technological changes, combined with longer careers, will add up to great swaths of adults who need to learn more than generations past — and faster than ever,” said Luke Yoquinto, a research associate at the M.I.T. AgeLab and co-author of “Grasp: The Science Transforming How We Learn


Learning from the living class room

 

The Chegg situation is worse than you think — from eliterate.us by Michael Feldstein

Excerpts:

Forbes just ran with an article entitled “This $12 Billion Company Is Getting Rich Off Students Cheating Their Way Through Covid“.

Ouch.

Chegg -- This $12 Billion Company Is Getting Rich Off Students Cheating Their Way Through Covid

[Per Michael] To sum up:

  • Publishers, after selling expensive textbooks to students, sold the answers to the homework questions in those expensive books to Chegg.
  • Chegg sells the answers to the questions to the students, who often use them to cheat.
  • To combat this problem, universities pay for proctoring software, which is apparently more effective at preventing students from going to the bathroom than it is at preventing cheating.
  • To add insult to all of this injury, “to chegg” is now apparently a verb in the English language. We will all have to live with that linguistic violence.

Addendum on 2/9/21:

 

What will the hospital of the future look like in a post COVID-19 world? — from protocol.com by Jeroen Tas and Sean Carney

Excerpt (emphasis DSC):

One thing we have realized is that COVID-19 has accelerated three transformational trends that already existed before the pandemic, but are now dramatically reshaping healthcare: the concept of a networked healthcare system, the increasing adoption of telehealth, and the idea of virtual care and guidance. At the same time, we have seen consumers becoming much more engaged in their personal health and that of their families.


From DSC:
Next up…telelegal; and, possibly, more virtual courtrooms.


Also see:

 

Learning Ecosystem: Past, Present, and Future — from elearningindustry.com by Satyabrata Das
When we talk of an ecosystem, the first thought that comes to our minds is a biological ecosystem comprising of various species that live in harmony within a particular environmental setup or region.

Learning is no longer a standalone learner-teacher-content interaction, but much more.

Learning is no longer a standalone learner-teacher-content interaction, but much more. It has now become an enriched complex mechanism that has the potential to truly maximize the learning outcome—provided it is being nurtured and guided properly. A word of caution must be said here, an ill-nurtured learning ecosystem might equally be detrimental for the organization in shaping the capabilities of its future workforce.

The eLearning industry is surely going to play a big role in shaping the learning ecosystem and making it more fruitful, both for individuals and corporations.

 

 

 

8 Higher Education IT Trends to Watch in 2021 [Stone]

8 Higher Education IT Trends to Watch in 2021 — from edtechmagazine.com by Adam Stone
Keep your eye on these trends as higher education prepares for a post-pandemic future.

Excerpt:

1. Get Used to More Advanced Learning Management Systems
At Virginia Tech, the Canvas learning management system (LMS) was critical for coordinating synchronous and asynchronous learning. Such systems will only become more sophisticated moving forward, says Randy Marchany, the university’s IT security officer. “With COVID, instructors have become more video savvy,” he says. “We’re all getting smarter about how we use these tools.”

2. A Rise in Sophisticated Videoconferencing Platforms
Even after the pandemic, educators might continue lecturing over Zoom and other videoconferencing platforms. However, they’ll be doing it in more sophisticated ways. “People will be making these experiences more collaborative, more authentic — with much richer interactions and conversations,” Grajek says. “We are all becoming more experienced consumers, and we will see a lot of innovation in this area.”

From DSC:
Yet another step closer…

Yet another step closer to the Learning from the Living Class Room vision

 

Flipping Virtual Classrooms for More Impact — from techlearning.com by Ray Bendici
Flipping virtual classrooms can help maximize teaching time and resources

Flipping Virtual Classrooms for More Impact

Excerpt:

The mantra of flipped learning is that you can reach every student in every class every day, said Bergman. So if you have less synchronous time, you need to provide more time with your students one-on-one to work on the hard stuff, and flipped mastery learning, in particular, accommodates that.

“Flipped learning teachers have been preparing for the pandemic for the past 10 years,” Bergman said. “It’s really a great way to amplify your reach to teach.”

When the pandemic hit, Bergman and his flipped learning team realized that the most important thing is connections with students and the physical time spent with them. “So what’s the best use of your face-to-face class time?” Bergman said. “I’m going to argue it’s not you standing up and then introducing new content, it’s giving students the new content first and allowing them to apply, analyze, and evaluate it.”

 

The Future of Healthcare is Telehealth — from parksassociates.com

Excerpt:

COVID-19 and the resulting increases in virtual care adoption and changes in regulation have permanently altered the healthcare landscape in the US. The demand for virtual care has never been greater. There is a great need for virtual care solutions, particularly those integrating data from devices in meaningful ways. Organizations that do not do this operate at a competitive disadvantage to those who do.

From DSC:
If the future of healthcare is telehealth, where might telelegal fit within the legal realm?

 
 
 

Digital Trends Top Tech of CES 2021 Awards — from digitaltrends.com

Excerpt:

CES 2021 proved that the technology industry is uniquely suited to carry on in an all-digital environment. These are the companies that invented half the tools, after all. Press conferences went off without a hitch, companies shipped us prototypes to play with, and Digital Trends’ unique CES Experience Center made it possible to virtually come together as an editorial team and share our impressions with you, even from afar.

Oh, and the gadgets. Companies rose to the occasion with the usual spate of outrageous conceptsCOVID-fighting devices to meet the moment, and new technologies we’ve been waiting ages for. So naturally, we had to pick the best of the best. Here they are.

6 Key Themes Driving Headlines At CES 2021 — from forbes.com by Daniel Newman

2021 Trend: Pandemic Tech — from web-strategist.com by Jeremiah Owyang

CES 2021: Home health havens — from intelligence.wundermanthompson.com by Emma Chiu

Addendums on 1/18/21:

 

From DSC:
Reading through the article below, I can’t help but wonder…how might the eviction crisis impact higher education?


 

Losing a Home Because of the Pandemic Is Hard Enough. How Long Should It Haunt You? — from nytimes.com by Barbara Kiviat (professor of sociology) and Sara Sternberg Greene (law professor)
Americans who default on their rent may find it hard to escape lasting effects on their financial future.

Excerpts:

Millions of Americans have fallen behind on rent during the Covid-19 pandemic, prompting the passage of eviction moratoriums and rental assistance plans. But as policymakers have struggled to meet the needs of tenants and landlords, they’ve largely overlooked a crucial fact: The looming eviction crisis isn’t just about falling behind on rent and losing one’s home to eviction. It’s also about the records of those events, captured in court documents and credit reports, that will haunt millions of Americans for years to come.

Just as criminal records carry collateral consequences — preventing people from getting jobs, renting apartments and so on — blemishes on a person’s financial history can have far-ranging effects. Records of evictions can prevent Americans from renting new places to live, and debts and lawsuits related to unpaid rent can follow people as they apply for jobs, take out insurance policies, apply for mortgages and more. The process starts when landlords report late payments directly, file for eviction, sue in small claims court and hire debt collectors to pursue back rent. Those paper trails of unpaid rent and eviction get sucked into the digital warehouses of credit bureaus and data brokers.

 

 

 

The next normal arrives: Trends that will define 2021—and beyond

The next normal arrives: Trends that will define 2021—and beyond — from mckinsey.com by Kevin Sneader & Shubham Singhal

Excerpts:

The next normal is going to be different. It will not mean going back to the conditions that prevailed in 2019. Indeed, just as the terms “prewar” and “postwar” are commonly used to describe the 20th century, generations to come will likely discuss the pre-COVID-19 and post-COVID-19 eras.

2021 will be the year of transition. Barring any unexpected catastrophes, individuals, businesses, and society can start to look forward to shaping their futures rather than just grinding through the present.

In this article, we identify some of the trends that will shape the next normal. Then we discuss how they will affect the direction of the global economy, how business will adjust, and how society could be changed forever as a result of the COVID-19 crisis.

 
© 2024 | Daniel Christian