Alright, we’re almost at the end of 2023, so let’s talk about generative AI and its impact on the legal industry in 2024, specifically in the realm of knowledge management.
Generative AI: The Tool Doesn’t Get Your Legal Function
Generative AI is becoming a big deal, but let’s be real, it’s not one single thing. It’s a cluster of different technologies. Generative AI uses natural language processing to give you results based on the data you feed it. But here’s the thing – the tool doesn’t actually understand the legal concepts it’s working with. That’s where legal expertise comes in. You gotta check the results and make sure they actually make sense in the context of the law. It’s like having a really good assistant who doesn’t fully grasp the complexities of your job.
If you know how to use it, generative AI can be super helpful and even fine-tune your thinking to get the outcomes you want. But it’s not a replacement for human intelligence.
Microsoft and the Generative AI Game
Now, Microsoft is getting in on the action and wants to help with generative AI adoption. But there are some hurdles to clear. Compliance is a big one. If you’re using generative AI to create reports for clients or others, you need to make sure you’re not breaking any data protection or privacy laws. Microsoft also wants to make sure that your data stays secure. They don’t want it getting out and causing all kinds of problems.
Confidentiality is another issue. People will only have access to the documents they’re allowed to see. This could affect how accurate and relevant the generative AI outputs are.
Knowledge is Power
If you want to get the most out of generative AI, you need to have a solid knowledge management system. This is where you keep all your trusted data. The better your data, the better the AI tool can work its magic and give you the right answers.
AI in Law: It’s Not the End of Human Intellect
Despite the buzz around generative AI, we’re not looking at a total AI takeover of the legal world. There are still a ton of kinks to work out, from security to ethics to regulation. Human intelligence is still crucial. AI can support and make things more efficient, but it’s not taking over just yet. Generative AI might be getting better, but it’s not at the point where it really understands the complexities of the legal world.