Everyone should consider learning more about Artificial Intelligence Maturity and the factors that impact this development. Although AI has been around since the 1950s, it seems to be going through an accelerated growth spurt on its way to full maturity, and this transition phase appears to be making some people a little nervous.
Those nerves will undoubtedly calm as specific AI technology gets closer to maturity and as additional industries become more comfortable with AI. To get there, it’s important to acknowledge AI’s strengths and weaknesses. For instance, there are real and valid concerns around AI’s transparency and trustworthiness, but there are also undeniable benefits in the form of measurable and significant efficiency gains and valuable insights for better decision-making.
Take the legal industry, for example. It tends to fly under the radar when it comes to discussions about AI use, but corporate legal departments and law firms are awash in data from invoices, contracts, and law firm “scorecards” – all of which can benefit from AI’s valuable insights. Legal is also a field that deals with sensitive information and millions of dollars derived from fees and contractual agreements, so maintaining transparency and integrity in AI is essential.
In short, the likely monetary, time and strategic benefits to be derived from the use of AI in the legal industry are substantial. That makes it a great use case for AI maturity through what I call the “four Vs:” Variety, Volume, Veracity, and Velocity.
Continue reading: https://aithority.com/machine-learning/follow-the-four-vs-to-achieve-artificial-intelligence-maturity/
Those nerves will undoubtedly calm as specific AI technology gets closer to maturity and as additional industries become more comfortable with AI. To get there, it’s important to acknowledge AI’s strengths and weaknesses. For instance, there are real and valid concerns around AI’s transparency and trustworthiness, but there are also undeniable benefits in the form of measurable and significant efficiency gains and valuable insights for better decision-making.
Take the legal industry, for example. It tends to fly under the radar when it comes to discussions about AI use, but corporate legal departments and law firms are awash in data from invoices, contracts, and law firm “scorecards” – all of which can benefit from AI’s valuable insights. Legal is also a field that deals with sensitive information and millions of dollars derived from fees and contractual agreements, so maintaining transparency and integrity in AI is essential.
In short, the likely monetary, time and strategic benefits to be derived from the use of AI in the legal industry are substantial. That makes it a great use case for AI maturity through what I call the “four Vs:” Variety, Volume, Veracity, and Velocity.
Continue reading: https://aithority.com/machine-learning/follow-the-four-vs-to-achieve-artificial-intelligence-maturity/
