If you are in law school and just read this headline, do not fret: You will likely not be competing with AI if you want to be a trial lawyer.
However, it is unlikely that lawyers are going to continue to get away with the lucrative practice of billing clients by the hour once AI that can scan, analyze, and summarize mountains of documents are available for legal professionals to use. This is according to a report by the New York Times on the future of AI in the legal industry.
What Can AI Do for Lawyers?
As mentioned above, artificial intelligence can take care of one of the biggest parts of being a lawyer, which is poring over document after document written in the convoluted language known to grammarians as “legalese”.
It could even generate such documents.
However, the human element will certainly need to remain—at least, it is highly recommended that humans are assisted, rather than replaced, by such AI technology.
As an example, a lawyer may use AI to get a summary of a very long document, along with certain key points and sought-after information, so that the lawyer is primed for a reading of the documents. Knowing what is in there beforehand can make it easier for the lawyer to engage in a deeper reading of the material.
The other concern is practical: Clients are likely to feel more comfortable if humans are in place to oversee the work of AI. This is especially the case in content generation, where a human proofreader will ensure that everything is factually correct and makes sense.
How Is this Technology Relevant for Other Industries?
This technology is simpler than it may at first seem. At the end of the day, this is AI that can sift through a massive amount of text to find key insights.
Hospitals may want to use such AI to quickly find information about a patient. AI will be able to scan medical records to find key information such as allergies or other pertinent information.
Salespeople that sell, for example, pharmaceuticals will be able to quickly find out important technical information about the product without having to study over and over again the product’s information packet. Instead, AI will be able to offer easy product summaries that will benefit salesperson and client alike.
The other end of this is content generation, which you are already familiar with because of the chatbot boom that began with ChatGPT.
Having an in-house automated copywriter can make it easy to instantly write up memos for your team or emails to your clients or customer base.
That being said, the same caveat still applies: Make sure that you have human copywriters on board to proofread and fact-check whatever you have the AI write. Otherwise, you may send out grammatically and factually nonsensical content, which can be a huge problem in client and employee communication.
Want to Use AI for Your Business? Let’s GO.
With ChatGPT, artificial intelligence finally had its “iPhone moment”.
Like smartphones, which were once a niche technology, AI is slowly becoming universally recognized as one of the most important and life-changing technologies of our era.
There are many business owners out there wondering how they can take advantage of AI. What they may not know is that plenty of businesses, including their competitors, are already using AI.
Right now, the technology is available to business owners. They just need to know where to look.
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