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Legal transformation is on the horizon, driven by business integration and AI advancements. The gradual pace of change in the legal sector is expected to lead to a sudden transformation, influenced by business initiatives. Companies must connect their operations and legal functions to optimize value and adapt to the digital era.
Business integration is essential for legal teams to operate effectively within the broader enterprise framework. The role of AI is pivotal, as it reshapes workflows and enhances decision-making processes. As organizations embrace AI, the legal function must evolve to meet the demands of a rapidly changing business landscape.
• 97% of executives believe AI will transform their companies and industries.
• AI investments are outperforming other strategic investments according to business leaders.
Generative AI refers to algorithms that can create content, enhancing decision-making and operational efficiency.
Agentic AI involves systems that can act autonomously, impacting workflows and business processes.
AI transformation describes the integration of AI technologies into business operations to drive efficiency and innovation.
Accenture focuses on business integration strategies, emphasizing the role of AI in enhancing operational efficiency.
Thomson Reuters studies the collaboration between legal teams and supply chain management, highlighting AI's role in risk management.
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