TECHNOLOGY, OUTSOURCING, AND COMMERCIAL TRANSACTIONS
NEWS FOR LAWYERS AND SOURCING PROFESSIONALS

Morgan Lewis partner Peter Watt-Morse (Pittsburgh) and associate Eric Pennesi (Pittsburgh) will be participating in the Pennsylvania Bar Institute’s 2019 Cyberlaw Update, which will address trending topics, including blockchain and cryptocurrency and security and privacy concerns related to social media, in addition to GDPR.

Topics to be discussed include:

  • Social Media Ethics – Its Use and Impact on the Practice of Law
  • IP in the Age of Cloud Computing and Artificial Intelligence
  • Responding to Data Breaches – Legal Update and Practical Counsel

The event will be hosted at the PBI Professional Development Center (Heinz 57 Center, 339 Sixth Avenue, 7th Floor, Pittsburgh PA, 15222) on Tuesday, April 30 from 9:00 am to 4:00 pm.

Register for Event

April showers bring…Morgan Lewis’s Annual Technology May-rathon. Our annual series of presentations and webcasts, known as the Technology May-rathon, runs the entire month of May. Industry leaders from a variety of technology-focused practices will present on certain technologies, providing lawyers with critical understanding of the technologies that impact our work. The presentations and webcasts will also focus on legal developments and key topics resulting from innovative technologies.

Below are just a few examples of the presentations that are part of the 2018 Technology May-rathon. Be sure to check back for the most up-to-date information as more events are added.

For more information or to register, visit the full listing of events here.

KPMG reported in a recent survey that the top trend for 2018 is the adoption of intelligent automation (IA) as a business strategy. The survey, which KPMG publishes on a quarterly basis, reviews global business services, IA, and related service delivery market trends.

KPMG found that 62% of respondents believe that IA and digital labor are the trends that will have the largest positive impact on the respondents’ organizations in 2018. One of the business concerns driving the adoption of IA is the challenge that organizations have in finding, training, and keeping talent, which was the largest negative trend that respondents predict when looking ahead to 2019.

Among the many ways in which artificial intelligence (AI) technologies are enhancing business functions, the inefficiencies and labor-intensive organizational aspects of the contracting process present many fertile opportunities for improvement through the application of AI. A recent article in the Harvard Business Review discusses the contracting challenges current AI technology can help to alleviate and the contracting process changes required to adapt to AI contracting tools, as well as understanding the limits of AI.

Dealing with Contract Volume Using AI

As the article notes, one of the most significant contracting challenges facing organizations is managing a high volume of agreements. Even with a centralized database for contract documents, organizations often have no efficient way to extract data from those contracts or see, for example, how a warranty clause is worded across a number of different customer agreements. AI software tools can extract that data from contract documents and clarify and organize content, which can help organizations contract more efficiently and manage existing contracts more effectively.

Tracking and Enforcing Contracting Language Standards

Another significant challenge in the contracting process, especially for high-volume customer or vendor contracts based on standard templates, is ensuring conformity to template language and efficiently tracking deviations from form language. For instance, if an organization is seeking to impose uniform contract terms around the use of company trademarks and trade names, AI software tools can help track that language across divisions and could be configured to recognize keywords that indicate the trademark usage language is needed in a contract.

Join us on February 21 for a dynamic and gripping discussion on intelligent automation (IA) and its impact on businesses and the workforce. Barbara Melby, a partner in our technology, outsourcing, and commercial transactions group, and Victoria Phelan, a managing director of shared services and outsourcing at KPMG, will address such IA topics as

  • how IA is changing traditional business models,
  • the impact on labor and talent in the workforce, and
  • the impact on the services and outsourcing contract.

Just register, and we’ll do the rest!

Artificial intelligence (AI) is the hot topic on everyone’s mind. Technology providers are researching and developing how they can exploit AI, companies in a wide range of industries are seeking to understand how AI will impact their businesses and organizations, and consumers are wondering how AI will affect their privacy and possibly their jobs. The Harvard Business Review recently called AI the “most important general-purpose technology of our era” that is “poised to have a transformational impact” on business.

Although interest is high, that transformational impact has not yet arrived, partly because AI deployment and use has not hit the business mainstream. Experts in the field expect AI to be widespread within the next decade, but there is currently a “bottleneck” caused by organizations trying to figure out how to deploy AI and for what purpose.