How Artificial Intelligence Can Be Your Friend

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Much has been said about artificial intelligence or AI. Often people have talked about AI in a very fearful way as something with catastrophic and apocalyptic consequences. Even highly regarded people like Elon Musk and Stephen Hawkings have warned of the potential dangers when AI becomes highly developed and sophisticated. There is no question that AI will develop exponentially and become an enormous industry. It will greatly augment other industries and increase their productivity in unprecedented ways.

 

What about when AI becomes more sophisticated than humans?

One of the hot topics surrounding AI and the main cause of most people’s concern is, what happens when AI becomes more sophisticated than humans? Most people view such a situation as a threat to humanity and there are perfectly legitimate and rational arguments as to how AI can be a real danger to the human race. But let’s look at AI and it’s potential in a more exciting and positive way. This is a technology, which has the power to change our lives and make our lives better and less gruelling. Already there exists different kinds of AI such as the electronic calculator, speech and image recognition, or the algorithms designed for automatic language translation, spelling and grammar corrections, and the ones Facebook and Amazon use to create our daily news feeds and recommendations respectively etc. The Siri function on your iPhone is a very embryonic form of the type of AI, which will grow and develop at an exponential rate. At some point in the future this kind of AI bot will be your 24/7 multi task virtual assistant, which you’ll be able to have intelligent two way conversations with about virtually (no pun intended!) anything. Based on all your digital data and spoken words, it will help you make all your decisions for you. This virtual assistant bot will help you with all kinds of issues whether they are legal and financial queries, relationship problems and generally try to help you to organise your life and make it more efficient and productive. A SMART Life!

 

Job automation

People fear that AI will speed up the process of job automation and eventually make all jobs obsolete. This will happen yet it will happen to all Industrial Age, repetitive jobs with little to no creativity. Instead of being fearful, people should be happy. I mean do people enjoy repetitive, humdrum and uninspiring jobs? In our current culture there is this incomprehensible and irrational obsession with work; but work of an often soul destroying kind and not work that people enjoy and which can benefit and change society. AI will eventually automate all forms of repetitive and uncreative work and in the future people will be working far fewer hours.

 

A Post-Work society and why our creativity and ideas will be king

AI in the distant future will likely lead to a kind of Post-Work society. Yet in these times people will be finally free from monotonous work and will likely be engaging and harnessing their creativity and ideas in doing something they love. Rather than being a threat, AI will be an indispensable and invaluable resource, which will augment, complement and greatly benefit our levels of creativity and ideas and help us to realise with the best results whatever we want to achieve. AI will greatly enhance our creativity and generation of ideas and help us to tap into them in unimaginable ways. And best of all, it all most likely be free. No need to set aside money for expensive lawyers, financial advisors, planners and accountants. Or even software developers and digital data analysts and marketers. AI will be able to serve you in all these areas at no cost.

 

By Nicholas Peart

(c)All Rights Reserved

 

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The Future Of Law: Move Over Corporate, Hello Intellectual Property

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For many years, people have had careers in the legal industry and, more specifically, in corporation law. This market has become saturated and is already at risk from automation.

 

How could this industry be transformed for the better?

By removing the unnecessary and monotonous tasks, which can be done by an algorithm. This will free time for more complex projects. Instead, firms can focus on building their clientele and establishing more of an online presence.

 

Reduce costs

Firms can cut their overheads considerably, particularly, by not having to employ people to complete low level tasks.

 

Firms can potentially work virtually

Would it be possible for lawyers to work remotely instead of turning up to the office? Yes, I believe the future will allow us to be in our offices virtually thanks to emerging and new technologies like virtual reality. We could just remain at home and the office will come to us.

 

A greater need for an online presence

I believe the future trajectory of law firms will be to focus on building a sole online presence and exiting the whole onsite environment.

 

Is freelancing the future for lawyers?

Could more lawyers work directly for clients? Many are still sceptical as they rely on financial security. Once we gain more certainty, I believe increasing numbers of lawyers will start taking this route.

 

Transition into an Idea economy

This will open up a brand new industry for legal advisors. They say ideas are worthless, but more protection will be needed. When a large majority of our society will start creating groundbreaking things, people will search for advice.

 

The need to rewrite laws

With the introduction of robots and automation, laws will need to be rewritten to accommodate for both employees and robots. The rights of both will need to be made clear in order to avoid confusion and conflict. The fact that laws need to be rewritten creates more opportunities and expansion for many firms.

 

A deluge of patent creations

I predict that there will be a massive increase of people choosing to patent their products or services. In essence, a large focus will be placed around intellectual property. More legal advisors will be required to help people create the right patents and trademarks.

 

Understanding the sharing economy

Legal advisors will be needed to explain how this economy works and what ownership rights people have. In a sharing economy, there is less of a focus on ownership rights and more of a focus on license holders.

 

The introduction of license holders

Will we be required to apply for certain licenses in the future in order to protect ourselves and what we create? For example, will a person who creates music via an AI program have the rights or will it be the person who produces the software for the program who has the rights? This is a path our society will eventually take.

 

Reform of law education

There should be a change in how future law will be taught. Students must be informed of how the latest technology can benefit their profession. This is very important in order to avoid confusion and a reality shock. A large emphasis on intellectual property must be enforced so students can see how much potential there is and what they can do to better assist our society.

 

 

By Caroline Peart

(c)All Rights Reserved