Professionals in the legal operations field are exploring the practicalities and potential of implementing AI tools to improve efficiency and cost savings in their processes. At the recent Wolters Kluwer ELM Amplify 2024 User Conference, the session “Getting Real with Artificial Intelligence in Legal Ops: Disruptor or Opportunity?” highlighted key insights on the subject.
One important theme was the necessity of understanding the reasons behind integrating AI into operations, focusing on specific business outcomes rather than adopting AI for the sake of it. Data was also emphasized as a critical foundation for successful AI implementations, with effective data integration enhancing the success of AI-driven technology.
Participants discussed the importance of experimentation and learning, highlighting the value of a “fail fast” approach where initial failures can provide valuable lessons for future implementations. The session also touched on future directions and next steps, with companies planning to scale their AI solutions into new areas and regions to further improve their performance.
The potential for AI in legal operations is vast, with many companies already on their journey to leverage technology to enhance their results. For more information on how AI can benefit legal operations, companies can download Wolters Kluwer’s free eBook on leveraging AI in corporate legal departments. By embracing AI technologies, legal professionals can streamline processes, enhance risk management, and ultimately achieve better results for their organizations.
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