Russia's largest bank launches lawyer robots, 3,000 experts will be fired

Smart and time-saving computers are rapidly improving the efficiency of many industries. Many companies no longer employ human assistants to sort through endless books, but instead prefer to use AI machines to accomplish these routine tasks. Lawyers robots are creating a future where legal systems are cheaper and more efficient. However, there is also a spoon of tar in this honey jar. Robots and humanity Russia's largest bank, Sberbank, recently announced that they will launch a robotic lawyer whose task is to handle various complaint letters. This innovation will result in about 3,000 experts working in banks being fired. According to Vadim Kulik, vice chairman of the Executive Committee of Sberbank, the bank launched robotic lawyers in the fourth quarter of 2016 and will be fully robotic in the first months of 2017.
He said: "This means that the 3,000 experts currently handling complaint letters will no longer continue to perform this particular task. We have our own grand blueprint. We plan to implement robotic lawyers in various fields." Kulik Explain that this innovation will reduce the daily workload of bank experts. He said that in the future, all the regular legal documents will be processed in the end, and only lawyers will be allowed to deal with those urgent legal procedures. The bank provides Special training courses for all experts who perform regular legal work. As Kulik mentioned, it is important to reassess "how we should apply their skills and where they should be used." Robots will not replace human power immediately. It will take some time. Cointelegraph contacted Sberbank for more information. From appeal parking tickets to bankruptcy cases, software that uses AI will soon become popular. Not long ago, ROSS Intelligence installed ROSS software for several law firms in the United States. The lawyer ROSS robot has IBM Watson's supercomputing power, so it can quickly process large amounts of data and can constantly adjust its performance to better serve its customers. The software can complete the classification of tasks in a matter of seconds, and this can take several hours if it is given to humans! BakerHostetler was one of the first companies to "employ" ROSS to handle bankruptcy cases. If you put software that can use AI into the game, there will certainly be some employees who lose their jobs. However, the benefits of installing such robots are obvious to both companies and customers. For example, in the United States, 80% of people need lawyers but they cannot afford it. By using robotic lawyers such as ROSS, law firms can charge a lower service fee. Here is an example of AI software changing the way people use legal issues. In 2015, 19-year-old Stanford undergraduate Joshua Browder launched a chat robot named DonotPay, which allows people to file complaints about unfair parking tickets without spending hundreds of dollars in damned attorneys’ fees. In many cases, it may be more expensive than paying those parking tickets. Technology changes the traditional legal practice In theory, AI may be widely involved in the legal field. Programs such as ROSS and DonotPay can learn autonomously and become increasingly sophisticated and eventually become cutting-edge software. The more cases of this type of software processing, the better the effect of correcting errors will eventually outperform the human team's ability to execute. However, it will be a long process to convince the courts and lawyers. People have begun to automate many practices and improve them. The document review, legal research and document drafting are also gradually automated. However, another technology can have enough potential to eliminate traditional legal practice. That's right, I mean blockchain. It is not only the core of electronic money support, it is also the basis of smart contracts - smart contracts do not need to implement the court or lawyers to write a one-page subsidiary rules. If companies and institutions support the technological revolution and make technological innovation a key factor in their development, then they will be able to gain a huge competitive advantage. It is only a matter of time before organizations start to integrate existing expertise with emerging and developing technologies and prioritize opportunities that can create more value. The needs of customers are constantly changing. Similarly, the behavior and requirements of employees are constantly changing. Many sectors are being affected by technology. It is still not clear how they should adapt and how to deal with these opportunities and threats posed by technology. In some cases, we can use blockchains and AIs, or even allow them to completely replace various experts, without having to rely on trusted mediations to achieve a completely open, transparent, and directly interactive system.

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