Montréal World-Class Tech Hub 2017
Montréal is among the hottest places to grow your business and dive into the high tech and the artificial intelligence fields! Discover why major key players such as Google, Microsoft, Ubisoft, LightSpeed, Busbud, Maluuba, Rodeo FX and many more companies decided to invest in Montreal! Get involved and be part of the game by following us on social medias! #TechHubMTL Discover Montréal International : http://www.montrealinternational.com
Source: Montréal World-Class Tech Hub 2017
Read MoreThe First Wave of Corporate AI Is Doomed to Fail
Artificial intelligence is a hot topic right now. Driven by a fear of losing out, companies in many industries have announced AI-focused initiatives. Unfortunately, most of these efforts will fail. They will fail not because AI is all hype, but because companies are approaching AI-driven innovation incorrectly. And this isn’t the first time companies have made this kind of mistake.
We suggest taking a portfolio approach to AI projects: a mix of projects that might generate quick wins and long-term projects focused on transforming end-to-end workflow.
There is little doubt that an AI frenzy is starting to bubble up. We believe AI will indeed transform industries. But the companies that will succeed with AI are the ones that focus on creating organizational learning and changing organizational DNA. And the ones that embrace a portfolio approach rather than concentrating their efforts on that one big win will be best positioned to harness the transformative power of artificial learning.
Source: The First Wave of Corporate AI Is Doomed to Fail
Read MoreThe First Wave of Corporate AI Is Doomed to Fail
Artificial intelligence is a hot topic right now. Driven by a fear of losing out, companies in many industries have announced AI-focused initiatives. Unfortunately, most of these efforts will fail. They will fail not because AI is all hype, but because companies are approaching AI-driven innovation incorrectly. And this isn’t the first time companies have made this kind of mistake.
We suggest taking a portfolio approach to AI projects: a mix of projects that might generate quick wins and long-term projects focused on transforming end-to-end workflow.
There is little doubt that an AI frenzy is starting to bubble up. We believe AI will indeed transform industries. But the companies that will succeed with AI are the ones that focus on creating organizational learning and changing organizational DNA. And the ones that embrace a portfolio approach rather than concentrating their efforts on that one big win will be best positioned to harness the transformative power of artificial learning.
Source: The First Wave of Corporate AI Is Doomed to Fail
Read MoreWhat next for blockchain? | McKinsey & Company
On the consumer side, if I’m being really honest, there isn’t a tremendously compelling use case for somebody like me—somebody who lives in New York, higher socioeconomic status, who’s fairly well served by the current financial system. What’s interesting is that it doesn’t mean that the system that serves me fairly well is a good system. Right? When you actually dig into the financial system as we know it today, it’s fairly antiquated. It’s primarily built on technology that was created in the 1970s.
Source: What next for blockchain? | McKinsey & Company
Read MoreWhat next for blockchain? | McKinsey & Company
On the consumer side, if I’m being really honest, there isn’t a tremendously compelling use case for somebody like me—somebody who lives in New York, higher socioeconomic status, who’s fairly well served by the current financial system. What’s interesting is that it doesn’t mean that the system that serves me fairly well is a good system. Right? When you actually dig into the financial system as we know it today, it’s fairly antiquated. It’s primarily built on technology that was created in the 1970s.
Source: What next for blockchain? | McKinsey & Company
Read MoreGetting serious about blockchain | McKinsey & Company
If you’re the CEO of a big company, the first thing is to conceptualize this right. This is not like another technology, like AI [artificial intelligence], the cloud, robots, drones, the Internet of Things, and all of the rest of the stuff that are part of this fourth industrial revolution.This is the transactional platform that will enable all of those things to be part of the economy. When we have autonomous vehicles moving around, all of those transactions, everything from how they power themselves to how people pay for them, will be done through a distributed ledger. The Internet of everything needs a ledger of everything for it to work.
Source: Getting serious about blockchain | McKinsey & Company
Read MoreGetting serious about blockchain | McKinsey & Company
If you’re the CEO of a big company, the first thing is to conceptualize this right. This is not like another technology, like AI [artificial intelligence], the cloud, robots, drones, the Internet of Things, and all of the rest of the stuff that are part of this fourth industrial revolution.This is the transactional platform that will enable all of those things to be part of the economy. When we have autonomous vehicles moving around, all of those transactions, everything from how they power themselves to how people pay for them, will be done through a distributed ledger. The Internet of everything needs a ledger of everything for it to work.
Source: Getting serious about blockchain | McKinsey & Company
Read MoreCompass, vLex and Justia bring a world of legal information to Canada | Colin Lachance | Pulse | LinkedIn
Read More“With the continued departure of small independent publishers and the nascent state of the legal tech startup market, the need for strong and innovative commercial competition to LexisNexis and Thomson Reuters in Canada has never been more pressing,” says Compass CEO Colin Lachance. “Building on the backbone of the historic MLB collection and the active participation of great partners who bring advanced technology and successful track records of decades of legal innovation and disruption, we will provide th
Compass, vLex and Justia bring a world of legal information to Canada | Colin Lachance | Pulse | LinkedIn
Read More“With the continued departure of small independent publishers and the nascent state of the legal tech startup market, the need for strong and innovative commercial competition to LexisNexis and Thomson Reuters in Canada has never been more pressing,” says Compass CEO Colin Lachance. “Building on the backbone of the historic MLB collection and the active participation of great partners who bring advanced technology and successful track records of decades of legal innovation and disruption, we will provide th
Artificial Intelligence & Traditional Law Firms
“People don’t have to worry,” says Khalid Al-Kofahi, vice-president, R&D at the Thomson Reuters Centre for Cognitive Computing, a new technology centre that will focus on research in machine perception, reasoning, knowledge management and human-computer interfaces. “Most of the innovations in artificial intelligence and machine learning will introduce automation at the task level, which will allow people to focus on more complex tasks.”
All of this does not bode well for traditional law firms. A recent global research study by Deloitte concluded that conventional law firms are no longer meeting today’s business needs. The majority (55 per cent) of participants in the study — legal counsel, CEOs and CFOs — have taken or are considering a significant review of their legal suppliers. The study also points out that purchasers of legal services want better and more relevant technologies, to be used and shared on integrated platforms.
The drive toward AI, however incrementally, will likely also mean that law firms are going to have to review their traditional billing model, says Furlong. The time when law firms were the only game in town, where lawyers were the “only vehicle” by which legal services could be delivered, is coming to a close, and AI is going to help to put that to an end, he says. “All of these innovations like artificial intelligence are going to reduce the amount of time and amount of effort required to obtain a legal outcome, so the very lax business model of selling time and expertise, rather than outcomes and results, is coming to an end.”
Source: Artificial intelligence | Canadian Lawyer
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