▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | GreenCity | Italian Channel Awards | Italian Project Awards | ...
InnovationOpenLab

Lighthouse Launches First Annual State of AI in eDiscovery Report

Lighthouse, a leader in technology-enabled eDiscovery, compliance, and information governance services, today announced the release of its first annual State of AI in eDiscovery Report. The report off...

Business Wire

In-depth study unveils insights, challenges and the transformative potential of AI adoption in the legal industry

SEATTLE: Lighthouse, a leader in technology-enabled eDiscovery, compliance, and information governance services, today announced the release of its first annual State of AI in eDiscovery Report. The report offers a deep dive into the current and future state of AI adoption in the legal industry and reveals gaps between individual use and organizational adoption of AI.

The report is based on a Lighthouse survey that gathered insights from 268 eDiscovery experts from law firms and corporations, with more than 500 attorneys and companies with annual revenues surpassing $500 million.

Perceptions of the AI Landscape in the Legal Industry

The survey shows robust interest in AI on an individual-attorney level, with 87% of respondents expressing interest in the tools and 50% personally utilizing legal-specific AI tools for work-related purposes. However, the report also reveals a lag in organizational adoption, with only 20% of respondents stating their organizations have fully embraced AI implementation.

“The survey data unveils a compelling narrative, showcased by growing interest and adoption of AI among legal professionals who are experimenting with it on their own for work purposes, contrasted with a lag in organizational-wide adoption of AI tools,” said Stacy Ybarra, Chief Marketing Officer at Lighthouse. “Recognizing that this is a pivotal moment, forward-thinking law firms and legal departments must work to counsel their clients and organizations through that gap. At Lighthouse, we’re working with attorneys and their organizations on a daily basis to help drive strategic implementation of AI. We collaborate closely with leaders in the industry, sharing our expertise in information governance, large language models, and advanced AI solutions, and helping them plan and execute successful AI implementation.”

Security and Accuracy are Key to Broader Adoption

Critical to supporting successful adoption by legal will be the ability to address concerns regarding AI-related risks. The survey revealed that respondents expressed reservations about data security/privacy measures from providers (50%), the accuracy of AI (47%), and their own companies' data security/privacy measures (40%). Addressing these concerns is crucial for fostering wider trust in and adoption of AI solutions.

“Incorporating AI into daily operations within the industry requires a nuanced approach to address anxiety over data security and accuracy,” said Fernando Delgado, Director of AI and Analytics at Lighthouse. “As AI availability and dependability strengthen in 2024, we’ll continue to help organizations better navigate the AI transformation by developing solutions that bolster accuracy, improve data security and instill trust in AI tools and processes.”

Long-Term Perspectives on AI and What’s Next for Lighthouse

The survey underscores varying levels of trust in AI, contingent on specific use cases. Notably, the highest levels of trust relate to repetitive and data-intensive tasks, while users admit to lower levels of trust in areas involving more nuanced executions.

The first annual Lighthouse State of AI in eDiscovery survey results underline the transformative potential of AI in the legal profession. As an early adopter of AI technologies, Lighthouse’s deep expertise in this space positions the company as a key player in delivering strategic insights and cutting-edge solutions to help clients navigate this new era of legal technology.

For more information on this report, visit https://www.lighthouseglobal.com/ai-in-ediscovery-benchmark-report.

About Lighthouse

Lighthouse is a global leader in eDiscovery and information governance solutions to manage the increasingly complex landscape of enterprise data for compliance and legal teams. Since our inception as a local document copy shop in 1995, Lighthouse has evolved with the legal technology landscape, anticipating the trends that shape legal practices, information management, and complex eDiscovery. Whether reacting to incidents like litigation or governmental investigations, or designing programs to proactively minimize the potential for future incidents, Lighthouse partners with multinational industry leaders, top global law firms, and the world’s leading software provider as a channel partner. For more information, visit lighthouseglobal.com.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

A capital increase for the Italian venture builder FoolFarm

FoolFarm launches €9 million capital increase targeting IPO and unveils new investment committee.

ShopFully goes shopping in Spain (again)

ShopFully, the Italian company leader in Europe in drive-to-store solutions, acquired the Spanish Ofertia.

Sicily is more and more digitally connected

Thanks to EXA Infrastructure investments, more routes provide rapid access to mainland Italy and beyond

Italian startup Audio Innova combines AI and metaverse for art preservation

Audio Innova won the first prize in the "Creative AI" category at WAICF in Cannes

Most read

ServiceNow to Acquire Atrinet NetACE Network Technology to Accelerate…

Mobile World Congress -- ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, today announced it has…

Virtual Incision Receives FDA Authorization for the MIRA Surgical System…

Virtual Incision Corporation announced the U.S. Food and Drug Administration (FDA) has granted marketing authorization of the MIRA™ Surgical System (MIRA),…

Lenovo Unveils Trailblazing Products and Solutions Designed to Power AI…

Today at MWC 2024, Lenovo unveiled its latest portfolio of purpose-built AI devices, software, and infrastructure solutions, as well as showcased two…

Salesforce Announces Strong Fourth Quarter Fiscal 2024 Results

Salesforce (NYSE: CRM), the #1 AI CRM, today announced results for its fiscal fourth quarter and full fiscal year 2024 ended January 31, 2024. Fourth…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!