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Online SME dispute resolution 'would save billions' | News lawgazette.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawgazette.co.uk Daily Mail and Mail on Sunday newspapers.
Electronics giant Panasonic and transnational conglomerate Hinduja Group have teamed up with a British lawtech startup developing an artificial intelligence tool to give in-house legal teams early warning of potential disputes, the Gazette can reveal. The Dispute and Risk Avoidance Tool is one of five innovations being tested in the pilot phase of the government-funded Lawtech Sandbox. The idea behind the project is that legal disputes can be identified – and nipped in the bud – by early warning signs such as changes in tone in email correspondence or by inconsistencies in information circulating in a business. Until now research has been hampered by the difficulty of obtaining real corporate data: a prototype system was trained with the half million emails put in the public domain after the Enron scandal. ....
By Michael Cross2021-01-06T11:59:00+00:00 A bizarre dividend of the Enron scandal is a collection of emails. Twenty years after the fraudulent stock-market darling collapsed, dragging a top accountancy firm down with it, half a million Enron emails posted on the web by US regulators have become an important academic resource. This interest is not just ghoulish. The so-called Enron Corpus is one of the largest collections of real emails freely available for study. As such it is hugely valuable for training artificial intelligence programs in how human beings communicate in real life. (Obviously the vast bulk of the archive deals with more mundane matters than corporate fraud.) The database has helped teach algorithms to spot email spam and even, reputedly, to train the first release of Apple s home AI system Siri. ....