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Unlock the power of Custom Large Language Models (LLMs) for your business! 🌟 Learn how tailored LLM services can enhance efficiency, drive innovation, and deliver superior user experiences across industries like healthcare, finance, e-commerce, and education. Discover the technical insights and applications that make custom LLMs a game-changer in the AI landscape. Dive into the full blog to explore the future trends and technical challenges of custom LLM services. 🔗 Read more - https://lnkd.in/giSGmsHr #AI #LLM #CustomAI #Innovation #TechInsights #AIFuture

There are huge benefits to be gained for legal departments leveraging #AI for contract management, in relation to both new contracts and legacy contracts. In order to get the results you want, however, there are certain best practices to keep in mind. For example, as guest author Beth Anderson points out, even with advanced AI, training may still be necessary to ensure you get the best results. Some of the other key factors to consider: 💥 Consistency is key - ensure you've set standards so everyone is approaching AI and providing feedback the same way. 💥 Validation is still critical - humans should be in the loop to validate outcomes 💥 Supervision of performance is important, especially for legacy contracts 💥 Not all contracts parts can be templated. Understand where you may need to forgo AI or use it in a different way. For more detail on how to effectively leverage AI to improve your contract management, read on below. #Legaltech #CLM #Contracting #CorporateLegalCounsel Epiq

Contract solutions were one of the first areas to rapidly incorporate advanced AI this year, and it's easy to understand why. Contracting in organizations is necessarily high volume, and managing incoming and legacy contracts and the obligations that come with these is tricky. It's one of the most obvious areas for technology intervention and automation. Nevertheless, as Beth Anderson writes in her first guest post for Legaltech Hub, it's not as simple as switching that feature on and letting it run. There are still careful considerations to keep in mind in order to ensure the AI is operating to support you optimally, and understanding what jobs you need to get done will be key to selecting the right system. For example: - Not all contracts should be handled the same: legacy contracts are likely to hold a different level of complexity than new contracts; - Not all parts of a contract can be templated - and for non-templated portions, you may be seeking a different AI use; - Even with advanced AI, training and refining is likely necessary to get the best outcomes. Read on below for guidance on how to optimize your use of AI in contracting processes, and what considerations to bear in mind as you're selecting an AI-driven solution. #legaltech #CLM #Contracting #legaloperations #AI Epiq

AI expectations vs. reality survey results with actionable details by functional discipline. Combine the results of Figures 2 & 3. In summary: * Lack of in-house expertise is the second most common reason companies are not progressing faster with AI. * Marketing, customer service, and customer on-boarding have exceeded expectations. * Interestingly, legal has had the largest drop in expectations versus reality. It seems this provides insights for: * New product development/enhancements: legal AI * Consulting: marketing, sales, and customer services #Bain #AI #2024Trends #consulting #marketing #customerservice #onboarding #legal

AI technology is transforming industries across the board, making processes faster and more efficient. At Square 9, we are harnessing the power of AI to streamline one of the most laborious tasks in document management: data entry. Our approach focuses on minimizing manual input, reducing errors, and saving valuable time. This also allows your staff to focus on work that is more rewarding to them, and a bigger impact to the organization. For a deeper dive into how AI is revolutionizing document capture with a more accurate, time, and cost-efficient approach, check out our latest blog post. Your insights on how AI can further enhance document management are welcome! #AI #DocumentManagement #Square9

Time Savings = Money Savings Copiers Northwest is a proud partner with Square 9 Softworks. Let us help your organization accomplish its goals of becoming more profitable or cost effective. #efficiency #costreduction #AI #accuracy #informationsecurity

Sure AI is hot, but is it an actual market or a platform piece? https://lnkd.in/gGvFdP68 #marketing #marketresearch #iipmr #marketingdigital #marketingstrategy #marketresearchcertification #marketresearchcourse

If your business hasn't integrated #generativeAI yet, you may be falling behind. 🚀 Why so? 🤔 According to #IBM’s findings, 54% of organizations are experiencing cost savings and increased efficiencies by incorporating AI into their IT, business, or network processes. 𝐁𝐮𝐭 𝐭𝐡𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐢𝐬, How exactly can you integrate AI and use it for your benefit? Check out our latest blog to discover how Generative AI is benefiting businesses and get a guide on integrating it into your current business strategy: https://lnkd.in/gYK5rSZC #generativeAI #artificialintelligence #AIinnovation #AIsolutions #AIdeveloper #businessautomation #UAEbusiness