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Predictive Analytics
Google Scholar Library – Categorize Your Legal Research
January 4, 2014
Google Scholar Library - Google Scholar Blog. When two or more solutions to a law practice management process are available,...
January 4, 2014
Google Scholar Library - Google Scholar Blog. When two or more solutions to a law practice management process are available,...
The Predictive Power of Big Data
January 4, 2014
The following is an excerpt from Uncharted: Big Data as a Lens on Human Culture, by Erez Aiden and Jean-Baptiste Michel. In computer science, the unit used to measure information is the bit, short for “binary digit.” You can think about a single bit as the answer to a yes-or-no question, where 1 is yes and 0 is no. Eight bits is called a byte. Right now, the average person’s data footprint—the annual amount of data produced worldwide, per capita—is just a little short of one terabyte....
January 4, 2014
The following is an excerpt from Uncharted: Big Data as a Lens on Human Culture, by Erez Aiden and Jean-Baptiste Michel. In computer science, the unit used to measure information is the bit, short for “binary digit.” You can think about a single bit as the answer to a yes-or-no question, where 1 is yes and 0 is no. Eight bits is called a byte. Right now, the average person’s data footprint—the annual amount of data produced worldwide, per capita—is just a little short of one terabyte....
The IP Long Tail of the Google Books Decision
January 3, 2014
A ruling in a long-running copyright lawsuit that says Google Inc.'s book-scanning project is legal not only gives Google...
January 3, 2014
A ruling in a long-running copyright lawsuit that says Google Inc.'s book-scanning project is legal not only gives Google...
The 10 Most Important Legal Technology Developments of 2013
January 2, 2014
Here are my picks for the 10 most important legal technology developments of 2013. What am I missing? What would be on your list? The numbers are not meant to indicate priority. They are all important, in my mind. 5. Lawyers realized that computer analytics are allies, not enemies. The warning bell came with the 2011 New York Timesarticle, Armies of Expensive Lawyers, Replaced by Cheaper Software. Some lawyers started to believe that advances in artificial intelligence and computer analytics...
January 2, 2014
Here are my picks for the 10 most important legal technology developments of 2013. What am I missing? What would be on your list? The numbers are not meant to indicate priority. They are all important, in my mind. 5. Lawyers realized that computer analytics are allies, not enemies. The warning bell came with the 2011 New York Timesarticle, Armies of Expensive Lawyers, Replaced by Cheaper Software. Some lawyers started to believe that advances in artificial intelligence and computer analytics...
In God We Trust: All Others Bring Data
December 26, 2013
"In God we trust, all others bring data." These are the words of William Edwards Deming -- a renowned American statistician, professor, author, lecturer and consultant. In Japan, from 1950 onward he taught top business managers how to improve many aspects of their business through the application of statistical methods. Deming's statistical, data-based methodologies are a familiar concept in this day and age, so one would think they apply to foreign-exchange benchmarks and rates as well. So...
December 26, 2013
"In God we trust, all others bring data." These are the words of William Edwards Deming -- a renowned American statistician, professor, author, lecturer and consultant. In Japan, from 1950 onward he taught top business managers how to improve many aspects of their business through the application of statistical methods. Deming's statistical, data-based methodologies are a familiar concept in this day and age, so one would think they apply to foreign-exchange benchmarks and rates as well. So...
AIPLA Taps Lex Machina for Legal Analytics
December 22, 2013
The American Intellectual Property Law Association (AIPLA) and Lex Machina, a leader in legal analytics, have joined forces...
December 22, 2013
The American Intellectual Property Law Association (AIPLA) and Lex Machina, a leader in legal analytics, have joined forces...
Your Boss Wants to be Nate Silver
December 22, 2013
When the Toronto Raptors traded small forward Rudy Gay to the Sacramento Kings on Dec. 8, the stats geeks who follow professional basketball exulted. The news that Toronto was dumping Gay provided definitive proof, in their minds, of the value of “advanced statistics.” For years, they’d claimed that a set of statistical methods — basically basketball’s version of Sabermetrics – exposed Gay as overcompensated and underperforming. The eyeball test says that Gay looks like a prototypically...
December 22, 2013
When the Toronto Raptors traded small forward Rudy Gay to the Sacramento Kings on Dec. 8, the stats geeks who follow professional basketball exulted. The news that Toronto was dumping Gay provided definitive proof, in their minds, of the value of “advanced statistics.” For years, they’d claimed that a set of statistical methods — basically basketball’s version of Sabermetrics – exposed Gay as overcompensated and underperforming. The eyeball test says that Gay looks like a prototypically...
Google Adds to Its Menagerie of Robots
December 22, 2013
<nyt_text> BigDog, Cheetah, WildCat and Atlas have joined Google’s growing robot menagerie. Google confirmed on Friday that it had completed the acquisition of Boston Dynamics, an engineering company that has designed mobile research robots for the Pentagon. The company, based in Waltham, Mass., has gained an international reputation for machines that walk with an uncanny sense of balance and even — cheetahlike — run faster than the fastest humans. It is the eighth robotics company...
December 22, 2013
<nyt_text> BigDog, Cheetah, WildCat and Atlas have joined Google’s growing robot menagerie. Google confirmed on Friday that it had completed the acquisition of Boston Dynamics, an engineering company that has designed mobile research robots for the Pentagon. The company, based in Waltham, Mass., has gained an international reputation for machines that walk with an uncanny sense of balance and even — cheetahlike — run faster than the fastest humans. It is the eighth robotics company...
Court Rules that Google Books is Fair Use, Not Copyright Infringement
December 12, 2013
A ruling in favor of Google after 8 years of litigation about Google Books since it “has become such an important tool...
December 12, 2013
A ruling in favor of Google after 8 years of litigation about Google Books since it “has become such an important tool...
Learning From Past Mistakes With Predictive Analytics
December 9, 2013
Exchanges and investment firms are testing the waters with a real-time predictive analytics platform to make better evidence-based decisions. History is destined to repeat itself, but what if a trader had a crystal ball? Could firms avoid repeating past mistakes and improve efficiency? Verdande Technology, provider of real-time Case-Based Reasoning technology, believes it can. Verdande began as an academic study with a focus on oil rigs. Data was taken in real-time off a rig and correlated...
December 9, 2013
Exchanges and investment firms are testing the waters with a real-time predictive analytics platform to make better evidence-based decisions. History is destined to repeat itself, but what if a trader had a crystal ball? Could firms avoid repeating past mistakes and improve efficiency? Verdande Technology, provider of real-time Case-Based Reasoning technology, believes it can. Verdande began as an academic study with a focus on oil rigs. Data was taken in real-time off a rig and correlated...
