eDiscovery – the process of gathering information in support of legal proceedings, digitally – is something lawyers and corporate legal departments alike have been steadily exploring since the dawn of the digital age. In recent years, advances in artificial intelligence (AI) have opened up a whole new realm of possibilities for eDiscovery and are transforming the face of this legal process. In this article, we’ll take a look at how AI is changing eDiscovery, unlock the possibilities it presents, and peer into the crystal ball to explore its future potential.
Unlocking the Possibilities of eDiscovery with Artificial Intelligence
AI is having a massive impact on the eDiscovery process, primarily by increasing its speed, accuracy, and cost savings. By utilizing natural language processing and machine learning, AI works as a powerful tool for sorting and analyzing documents, reducing the amount of manual work and saving valuable review time. And because AI systems can recognize patterns in large data sets, they are extremely efficient at pinpointing key documents from large collections and tagging documents with relevant keywords — a task which would otherwise be far too time-consuming for teams to do manually.
How AI is Changing the Face of eDiscovery
By combining automation with AI, legal departments are now able to cut out the potentially expensive and time-consuming process of manual document review and supervision. This can streamline the review process and produce results much more quickly, effectively, and efficiently. On-demand document review projects such as document coding and privilege reviews can be expedited with the help of AI while still ensuring accuracy. AI technology can also be used to uncover potentially misleading information or detect fraudulent claims more quickly, helping lawyers to stay one step ahead in their eDiscovery process.
Peering into the Crystal Ball: Exploring the Future of eDiscovery with AI
While the impact AI has had on the eDiscovery process has been revolutionary, the use of this technology is still relatively new. As AI continues to evolve, it provides an even greater potential for streamlining the way we do eDiscovery. In the future, AI could be used for real-time predictive coding, which would allow for a highly targeted and intuitive review process, saving both time and money. Additionally, AI could be used for continual updates of search filters to ensure documents are captured in accordance with observed trends and regulations.
As the demand for eDiscovery grows, so does the potential impact of AI technology. AI is transforming the way that legal teams work, streamlining the eDiscovery process, and providing greater opportunities for increased accuracy and cost savings. AI is opening up a new frontier when it comes to eDiscovery, providing an exciting glimpse into what the future may hold.