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Predictive Analytics
Outcome Prediction of Construction Disputes Using Neural Network Model
October 1, 2015
The occurrence of disputes in Indian construction contracts results in damaging the relationship between the parties apart from the time and cost overruns. However, if the parties to a dispute can predict the outcome of the dispute with some certainty, they are more likely to settle the matter out of court resulting in the avoidance of expenses and aggravation associated with adjudication. Dispute resolution process is mainly based upon the facts about the case like conditions of the contracts; actual...
October 1, 2015
The occurrence of disputes in Indian construction contracts results in damaging the relationship between the parties apart from the time and cost overruns. However, if the parties to a dispute can predict the outcome of the dispute with some certainty, they are more likely to settle the matter out of court resulting in the avoidance of expenses and aggravation associated with adjudication. Dispute resolution process is mainly based upon the facts about the case like conditions of the contracts; actual...
Managing Conflict 4.0: The New Wave of Opportunities for Businesses Around the Globe
September 22, 2015
Straus Institute for Dispute Resolution and the Dispute Resolution Law Journal present a two-day conference dealing with...
September 22, 2015
Straus Institute for Dispute Resolution and the Dispute Resolution Law Journal present a two-day conference dealing with...
Data Analytics Transforming Legal Industry
September 21, 2015
The current best-use cases for legal analytics are helping to simplify and expedite the workflow around research. Long...
September 21, 2015
The current best-use cases for legal analytics are helping to simplify and expedite the workflow around research. Long...
Deep Learning Machine Teaches Itself Chess in 72 Hours
September 20, 2015
In a world first, an artificial intelligence machine plays chess by evaluating the board rather than using brute force to work out every possible move. It’s been almost 20 years since IBM’s Deep Blue supercomputer beat the reigning world chess champion, Gary Kasparov, for the first time under standard tournament rules. Since then, chess-playing computers have become significantly stronger, leaving the best humans little chance even against a modern chess engine running on a smartphone. But...
September 20, 2015
In a world first, an artificial intelligence machine plays chess by evaluating the board rather than using brute force to work out every possible move. It’s been almost 20 years since IBM’s Deep Blue supercomputer beat the reigning world chess champion, Gary Kasparov, for the first time under standard tournament rules. Since then, chess-playing computers have become significantly stronger, leaving the best humans little chance even against a modern chess engine running on a smartphone. But...
What Makes a Job Susceptible to Automation?
September 20, 2015
Certain aspects of a job are simpler to automate than others. Social workers, nurses, therapists and psychologists are among the least likely occupations to be taken over as assisting and caring for others, which involves empathy, is a crucial part of the job. Roles requiring employees to think on their feet and come up with creative and original ideas, for example artists, designers or engineers, hold a significant advantage in the face of automation. Additionally, occupations involving...
September 20, 2015
Certain aspects of a job are simpler to automate than others. Social workers, nurses, therapists and psychologists are among the least likely occupations to be taken over as assisting and caring for others, which involves empathy, is a crucial part of the job. Roles requiring employees to think on their feet and come up with creative and original ideas, for example artists, designers or engineers, hold a significant advantage in the face of automation. Additionally, occupations involving...
Robots May Steal Jobs of Chefs, Salespeople and Models
September 19, 2015
The researchers calculated all of the various advantages that humans have over machines. Jobs that reward those traits were more likely to be safe from being stolen by robots. Those traits include creative endeavours, such as writing, entrepreneurship or scientific discovery. People in those fields might actually benefit from the robots — entrepreneurs can use technology to “leverage your invention”, the researchers point out. Social interactions are also still highly-desired, and something...
September 19, 2015
The researchers calculated all of the various advantages that humans have over machines. Jobs that reward those traits were more likely to be safe from being stolen by robots. Those traits include creative endeavours, such as writing, entrepreneurship or scientific discovery. People in those fields might actually benefit from the robots — entrepreneurs can use technology to “leverage your invention”, the researchers point out. Social interactions are also still highly-desired, and something...
Do You Have Algorithm Aversion?
September 19, 2015
If you’re struggling to accept the idea that using an algorithm is a good idea, consider whether these logical fallacies might be tripping you up. Have you ever heard of “algorithm aversion?” Researchers describe it as being when people trust their own conclusions over the results of an algorithm, even when the algorithm is shown to perform better. You see this in action when doctors scoff at online symptom checkers or lawyers hesitate to use predictive coding. So, what drives this aversion?...
September 19, 2015
If you’re struggling to accept the idea that using an algorithm is a good idea, consider whether these logical fallacies might be tripping you up. Have you ever heard of “algorithm aversion?” Researchers describe it as being when people trust their own conclusions over the results of an algorithm, even when the algorithm is shown to perform better. You see this in action when doctors scoff at online symptom checkers or lawyers hesitate to use predictive coding. So, what drives this aversion?...
Auto Industry Looks to Predictive Analytics to Mitigate Recall Risk
September 18, 2015
A Deloitte poll found that just 8 percent of auto executives employ predictive analytics to manage recall risk Advanced analytics are a valuable tool for many industries, with the auto industry no excpetion. The predictive capabilities of analytical solutions can ensure safety, keep customers happy, and address technical needs before they arise with users. But, a recent survey of auto industry executives found a stark lack in the use of advanced predictive analytics to help prevent, prepare for,...
September 18, 2015
A Deloitte poll found that just 8 percent of auto executives employ predictive analytics to manage recall risk Advanced analytics are a valuable tool for many industries, with the auto industry no excpetion. The predictive capabilities of analytical solutions can ensure safety, keep customers happy, and address technical needs before they arise with users. But, a recent survey of auto industry executives found a stark lack in the use of advanced predictive analytics to help prevent, prepare for,...
‘Fitbit for Drivers’ Startup Lands Big Auto Insurance Partner
September 13, 2015
Censio, a Boston startup that has landed investor funding from Facebook COO Sheryl Sandberg, officially launched Wednesday and announced a partnership with Ohio-based Progressive Insurance. Led by a team of former executives of Zipcar and LogMeIn, Censio offers a mobile app that acts as a "Fitbit for drivers" and tracks driving habits in order to help drivers stay safe on the road and save money on car insurance. "Using actual driving behavior to price auto policies allows insurers to be able...
September 13, 2015
Censio, a Boston startup that has landed investor funding from Facebook COO Sheryl Sandberg, officially launched Wednesday and announced a partnership with Ohio-based Progressive Insurance. Led by a team of former executives of Zipcar and LogMeIn, Censio offers a mobile app that acts as a "Fitbit for drivers" and tracks driving habits in order to help drivers stay safe on the road and save money on car insurance. "Using actual driving behavior to price auto policies allows insurers to be able...
Legal Chiefs Address Law Firms’ ‘New Normal’ at ILTACON
September 13, 2015
Law firms are going through a massive shift and, must to adjust their cultures and behaviors and align their products and services with the needs of general counsel. Since the economic crisis seven years ago, the world has recalibrated itself with a “new normal”—in many different ways. In the legal industry, law firms are going through a massive shift and, must to adjust their cultures and behaviors and align their products and services with the needs of general counsel. This was the overarching...
September 13, 2015
Law firms are going through a massive shift and, must to adjust their cultures and behaviors and align their products and services with the needs of general counsel. Since the economic crisis seven years ago, the world has recalibrated itself with a “new normal”—in many different ways. In the legal industry, law firms are going through a massive shift and, must to adjust their cultures and behaviors and align their products and services with the needs of general counsel. This was the overarching...
