Peer to Peer: ILTA's Quarterly Magazine
Issue link: https://epubs.iltanet.org/i/1515316
89 I L T A N E T . O R G F RONTEO is a Japan-headquartered global technology organization that has been actively using and promoting artificial intelligence in business and legal operations for close to two decades. With its own development team and several data scientists on staff, FRONTEO has been actively engaged in developing and integrating AI-powered solutions in legal, compliance, healthcare, and business intelligence verticals. Seeing a need for effective language analysis solutions for APAC clients due to the complexities presented by Japanese, Korean and Chinese (CJK) languages, FRONTEO has been working to custom-tailor its software to address complex language related nuances and focus on removing barriers to effective cross-border litigation. FRONTEO's flagship product - an AI engine called "KIBIT"- has been in use by a multitude of large corporate and law firm clients since 2012 and has received multiple significant upgrades in recent years. KIBIT AI features several distinct AI algorithms with core capabilities in practical CJK language analysis. This paper will provide a quick overview of the significant developments and updates in KIBIT AI over the past two years. It will focus on its features and applications in electronic discovery. AI In Business – Uses, Metrics and Challenges Potential Applications Machine learning is a comparatively new technology, but it has convincingly shown its value time and time again in almost every area of life and has firmly entrenched itself as a mainstay business tool of the future. Machine learning and the AI-driven applications it enables, have a multitude of uses in addressing modern business needs - particularly in compliance, legal review, and business intelligence. In compliance, AI can help organizations monitor their operations and identify potential regulatory issues by analyzing large volumes of data in real-time using up-to-date tools that ensure adherence to the latest regulations to avoid costly fines and penalties. It can also help rapidly complete annual data audits required by large government agencies. In the legal field, AI can assist lawyers by analyzing document collections subject to litigation and identifying relevant content within documents, providing a major positive bottom-line impact by saving attorney time and reducing risk of errors. Both law firms and corporate of- counsel can also leverage AI's ability to quickly structure unstructured data and visualize patterns to rapidly and efficiently complete internal investigations – especially when faced with regulatory pressure. Finally, in business and economic intelligence, AI can analyze large datasets to identify trends and patterns, helping companies make informed decisions when it comes to supply chain management and stock ownership. Overall, AI has the potential to revolutionize many aspects of modern business, and companies that embrace this technology are likely to gain a competitive advantage in the years to come. FRONTEO, as a pioneer in the AI development market in Japan, has developed its own flexible AI engine called "KIBIT" in response to various needs. Although KIBIT's roots lie in the legal field, it has now been successfully adapted and used to deliver solutions for organizations that maintain practices in healthcare and life sciences, compliance, patent law, business intelligence and economic security. KIBIT's signature specialty is effective and accurate natural language processing and analysis of CJK language data. This paper will cover the developments in legal KIBIT AI (referred to as KIBIT Automator or KAM for short) specifically.