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The market potential for artificial intelligence (AI) technologies shows no signs of stopping in 2024, or in the not-so-distant future. According to Grand View Research, the global AI market size is expected to reach $1,811.75 billion by the year 2030, expanding at a compound annual growth rate (CAGR) of 37.3% from 2023 to 2024. See, “Artificial Intelligence Market to Reach $1,811.75 Billion by 2023,” Grand View Research (June 2023). Giving rise to this projected market expansion are increasing investments in AI technologies, the demand for acquiring and processing big data, and the fundamental need to prepare for AI technologies” energy consumption. See, Rashi Maheshwari et al., “Top AI Statistics and Trends in 2024,” Forbes (Jan. 2, 2024); see also, Zoe Kleinman et al., “Warning AI Industry Could Use as Much Energy as the Netherlands,” BBC (Oct. 10, 2023).
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DOJ’s Cyber Fraud Initiative Is a Wake-Up Call That Keeps Ringing
By Randy S. Grossman, Kareem A. Salem and Kayla LaRosa
The DOJ's Cyber-Fraud Initiative’s results and DOJ’s guidance on corporate compliance have made the point to government contractors and corporate America — “now is the time to invest and reinvest” in cybersecurity compliance.
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Traditional metrics that once defined the effectiveness of help desk operations within law firms are undergoing a profound transformation. The new era places user sentiment and new delivery models at the forefront of service as a quicker “get back to work” mentality coupled with a technology-savvy generational shift. As a result, the gauges we use to measure customer satisfaction have changed and are shaping the overall future success of the legal tech support ecosystem.
The Perfect Storm: Why Contract Hiring Will Eclipse Direct Hiring In Privacy and Tech In 2024
By Jared Coseglia
Part Two of a Two Part Article
Part 1 of this article looked at how remote flexibility is driving job seekers, that most privacy programs will use contractors by 2026, the speed of hire, the real cost of DIY staffing and whether posting jobs online really works. Part 2 looks at what’s next for CPOs, AI jobs in privacy, where the new jobs will come from, whose salaries are spiking and some guidance for the latter half of 2024.
Six Reasons e-Discovery Benefits from AI
By Khaled Jebbari
Recent media coverage makes it clear that the time for law firms to embrace the disruption of AI is now. If you wait, from the looks of it, you risk losing business, and perhaps credibility.