If there’s one thing that is common across all industries in the contemporary world is data. The goal of every business or government-run facility is to make customers interact with them. Because more or less, everything is designed for a bunch of people to use. Clothing brands will design clothes for kids, adults, and old people, the toy industry will build toys for kids, the furniture companies will build different kidneys of the chair, tables, and others for people and more.
Similarly, when it comes to the legal system, it is designed to handle matters of dispute between two parties. While the first case helps customers reach closer to their goal and fulfill their desires, the latter system instilled by the government of a country is put to place to resolve disputes arising among people.
Regardless of this, the point is that organizations are generating an unprecedented amount of data. Be it a government organization or initiative like a scheme, economic plan, or benefit of any other sort, or a traditional company that is designed to analyze the needs of the customer and cater to them with fanciful products.
Data as an Asset
Today we are generating so much data that it has become difficult for people to keep a tab of. Companies have their presence on multiple platforms and are therefore reaching out to the customers from all directions. This is helping people to receive the best quality products and that too at a competitive price because everyone knows how cutthroat the market is.
As companies and organizations go on fulfilling the needs of the people effortlessly, it becomes important to understand how this is happening. Do you ever wonder, how some companies suggest exactly the things that you wanted or have been thinking about purchasing recently?
Similarly, there are notifications that you receive in your mailbox about the price drop of your favorite product. On top of it, the email is written in a way that looks like it is only and only addressed to you as if someone is handwriting this email to you.
While there are several processes running in the background, one of the most substantial of them is data analytics. The point is that data analytics has become one of the most important technologies in recent times. It has given companies the flexibility to come out of their cocoons and fight robustly for the customer in the market. It is also what keeps them sustained.
With real time data analytics organizations are uncovering the details in their data that are unimaginably precise. This is giving an edge with its customers as well as the market. Because let’s accept it, if you are satisfying your customer demands by understanding them, nobody would want to leave your business. You are suggesting them the right products, providing them the best price, and most of all leaving them with an experience that will keep them wanting more.
Data and the Legal System
The legal system is one of the most important areas that is developing data like anything. People’s disputes are rising like never before, be it corporate, civil, criminal, or any other. All this is giving rise to unprecedented data like never before.
While this might seem cumbersome to a great extent, it is in fact generating a lot of opportunities for new technologies. When we talk of unlimited data, one of the technologies that help tap into the potential is analytics. Once companies start analyzing and making predictions on their existing data, they can deploy a higher level of technology like artificial intelligence.
According to a recent survey, lawyers believed that in the next 3-5 years, as much as 20 percent of the everyday work in the legal sector can be performed with cutting edge technologies such as artificial intelligence. Other than this, most law practitioners favor research and analytics as desirable qualities in young lawyers.
And this is not just limited to budding lawyers, but in fact, the chief justice of a country is also inclined towards harnessing technologies like AI for the legal system. But it might not seem as intuitive as to why the legal system would want to deploy these technologies. Some of the questions that can probably be answered are-
- Which cases have high priority?
- Where can I find all that I need to know about a case, without referring to multiple paperwork?
- Are there any factors that can speed up the progress of the case?
- What are the factors that are raising ambiguity in the sector?
- What has been the most common pattern of judgment in most of these cases?
- And lastly, which of the parties is at fault in the light of the data?
While the last part is the toughest and cannot be relied on fully, it can surely remove ambiguities from the way of the judgment.
Statistics also suggested that there were as many as 3.7 million cases pending across various courts in India. While these numbers only rise exponentially, the judiciary preceding happens quite slow. This creates a lot of problems for people to reach to a conclusion and get justice.
In addition to this, the paperwork in the judicial system is unprecedented. Even the simplest of cases are burdened with a lot of paperwork which is yet to be digitized and made sense of. In other words, this makes for high costs, ambiguity, security issues, and lack of privacy systems and more.
While intelligence software is being used around the world, they need to be more popularized and used more extensively.