国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Technology

'Legaltech' growth promises big gains

By Zheng Yiran | China Daily | Updated: 2017-08-21 07:55

If technology used to improve financial services is called fintech, you may be forgiven for coining the term "legaltech" to describe technology used to give legal services the 21st century touch.

Rapid development of artificial intelligence or AI and business-friendly government policies are helping modernize China's legal services, said Liu Yan, a domain expert, at a recent forum in Hangzhou, Zhejiang province.

In fact, China will likely become the market leader soon, said Liu, who is also the marketing director of Shanghai Bestone Information & Technology Co Ltd, an internet-based company specializing in the application of information technology or IT in legal services.

AI is having a positive impact on legaltech, whose future was shrouded in doubt until recently, said Richard Susskind, IT Adviser to the Lord Chief Justice of England and Wales.

Innovations, such as legal robots, can share some of the workload of lawyers, freeing up the latter to focus on more sophisticated work.

Liu said, "The market size of China's AI-assisted legal industry was 80 billion yuan ($12 billion) in sales in 2016. It's estimated that the market is expected to reach 500 billion yuan ($74 billion) in the coming decade, which means (there is) great potential for growth."

In China, AI has been applied in various aspects of legal services already.

For example, speech recognition technology serves note-takers to record court proceedings much more efficiently and accurately.

Blockchain technology offers electronic evidence to help shape judgments.

On July 20, the State Council, China's Cabinet, issued a guideline on the development of AI.

The same month, Zhang Jun, minister of justice, highlighted in a speech the need for establishing a unified legal service network using IT.

The Supreme People's Court also underlined the use of AI in courtroom trials.

He Fan, an official at the Supreme People's Court, said: "AI plays an important role in shaping the future development of the work in the courts. In the past, judges made their judgments based on their own understanding (of the law), while now they can refer to the law database to find an answer or confirm their decisions."

According to Shanghai Bestone Information & Technology, there are now more than 100 legaltech companies in China.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
嘉鱼县| 晋城| 东阿县| 二连浩特市| 盐源县| 兴国县| 涿州市| 洪湖市| SHOW| 景德镇市| 清水河县| 美姑县| 方正县| 嘉黎县| 青冈县| 名山县| 盘山县| 开封市| 榆中县| 赤峰市| 方城县| 昭觉县| 青河县| 霍州市| 贵港市| 文山县| 连山| 饶河县| 许昌市| 西林县| 沙雅县| 巨鹿县| 牙克石市| 西华县| 湘乡市| 察隅县| 女性| 乌拉特后旗| 沈丘县| 巨野县| 清丰县|