When Using Colossus Independent Judgment Is a Must
May 16, 2013

Placing the value on bodily injury claims is inherently speculative. To remove some of the guess work from ascertaining a proper value for general damages, some insurance companies utilize a comprehensive software program called Colossus. The Colossus software attempts to recreate, electronically, the “round-tabling” that often occurs with specific claims. One court has described the “round-tabling” process as a process in which the insurer’s most skilled and experienced casualty claims...

Event Recap: How Eric Schmidt and Jared Cohen See the Future
May 15, 2013

Google Executive Chairman Eric Schmidt is ready for a future where his smart mattress monitors sleep patterns and alerts...

Law Big Data startup Lex Machina raises $4.8M
May 14, 2013

Lex Machina, the Big Data startup that hatched out of a Stanford Law project, said on Wednesday it raised $4.8 million in a Series...

How The Am Law 100 Makes Its Money
May 13, 2013

How did The Am Law 100 make all that money? By maneuvering through a complex and churning market for big-firm legal services...

Tech Geeks Gather to ReInvent the Law
May 13, 2013

They gathered without ties or adherence to a century-old model for legal services. Instead, those in the crowd of tech geeks...

Cognitive Systems and IBM Watson
May 12, 2013

IBM is leading the Cognitive Systems Era. It is transforming the way we use computers and technology to process information and natural language, creating the potential to change the way businesses use information and make decisions. Cognitive systems, such as IBM Watson, can transform how organizations think, act, and operate in the future. Watson combines natural language processing, dynamic learning, and hypothesis generation and evaluation to give direct, confidence-based responses. Rob High,...

Fast Database Emerges from MIT Class, GPUs and Student’s Invention
May 12, 2013

Todd Mostak’s first tangle with big data didn’t go well. As a master’s student at the Center of Middle Eastern Studies...

Beyonic Wins the IBM Global Entrepreneur Pitch Competition
May 9, 2013

Beyonic, a company whose software connects major global finance sources with payment networks in the developing world to facilitate...

Predictive Analytics Help Lawyers Make Precise Decisions
May 9, 2013

Cheap storage and fast computers have accelerated information production. We create more information every two days than...

LegalVIEW Data Shows Litigation Up, Legal Spend Down
May 8, 2013

The two hottest litigation areas these days are wage-and-hour and regulatory/compliance cases, according to legal data expert...