Legal Innovation and Tech Fest - Peter Baumann

🎙️ 𝗚𝗮𝗿𝗯𝗮𝗴𝗲 𝗶𝗻. 𝗚𝗮𝗿𝗯𝗮𝗴𝗲 𝗼𝘂𝘁. At LEGAL INNOVATION & TECH FEST, Roni Millard, Founder and Health & Wellness Consultant at The Wellbeing Edge, sat down with Peter Baumann, CEO and Founder at ActiveNav to discuss one of the biggest challenges facing law firms in the age of AI. And it isn't AI. It's data. As Peter explained, law firms are sitting on enormous volumes of unstructured data across document management systems, cloud platforms, file shares, and countless repositories. The challenge isn't finding new AI tools. It's making sure the data behind them is fit for purpose. 💡 𝗞𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘀: ↳ AI adoption is accelerating faster than any previous technology cycle ↳ Law firms are increasingly focused on preparing and curating data for AI ↳ Unstructured data represents both enormous value and significant risk ↳ Good governance remains the foundation of successful AI initiatives ↳ There are no shortcuts when it comes to data quality One statement that stood out: "AI is effectively only as good as the data you put in." Before firms can unlock the full potential of AI, they need to get their data house in order. Garbage in. Garbage out. #PeopleInLegal #LegalTech #AIinLaw #DataGovernance #LegalInnovation #FutureOfLaw #InformationGovernance #LegalAI #DataManagement