AI is Here to Stay: Are You Prepared?

Machine Learning. Deep Learning. Data Mining. Predictive Analytics. Natural Language Processing.

These are the buzzwords used to describe the pivotal artificial intelligence (AI) space. Companies in every industry, from automotive and electronics to financial services, health care and life sciences, are working to deploy these advanced technology methods in order to bring their innovations to the next level. AI can help pathologists identify diseases, and physicians better assess brain health. It can help bankers automate back-office processes, create more lifelike chatbots, and improve fair lending practices. It can process and collect data more efficiently, protect from cyberattacks, and improve driver safety. As with any disruptive technology, however, this AI race to the moon comes with its share of risks and challenges. Are you prepared to address the various issues that this new technology may bring?

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Adoption of Artificial Intelligence in Manufacturing Accelerating

manufacturing

The rapid adoption of Industry 4.0 technologies leaves manufacturers with a choice: accelerate with the market or be left behind.  According to a 2019 Global Market Insights, Inc. report, the market for artificial intelligence in manufacturing will grow to $16 billion by 2025.  Factors driving the adoption of Industry 4.0, the general name given to the deployment of cyber-physical systems, Internet-of-Things technologies and cognitive computing in the manufacturing environment, include:

  • Reducing the cost of operations
  • Enhancing operational efficiency
  • Aligning operations with customer requirements
  • Analyzing processes in real-time
  • Scaling operations without intensive capital cost

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Biometric Privacy: Illinois Supreme Court Decision Allows Claims to Proceed Without Showing of Actual Harm

SCOTUS

On January 25, 2019, the Illinois Supreme Court handed down a key ruling that will make it significantly easier for consumers and workers to sue and recover damages for mere non-compliance with the requirements of the state’s Biometric Information Privacy Act, 740 ILCS 14/1 et seq. (BIPA or Act). In its highly anticipated decision in Rosenbach v. Six Flags Entertainment Corp., the state’s high court unanimously held that actual harm is not required to bring an actionable claim under BIPA, and that a violation of BIPA’s technical requirements alone can support a cause of action under the Act. Thus, an individual who merely alleges a technical violation of BIPA is sufficiently “aggrieved” under the Act—with statutory standing to sue for significant statutory damages and injunctive relief—even if that person suffered no actual injury or harm as a result of the violation.

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Blockchain — Not Bitcoin — in Bankruptcy

Cryptocurrency

In the past several weeks, we have seen an uptick in crypto-related insolvencies; most recently Giga Watt, a Bitcoin-mining firm, filed for chapter 11 relief in the Eastern District of Washington. Often, the questions arising out of a crypto-related bankruptcy revolve around the value of Bitcoin or other cryptocurrency. However, while cryptocurrency is certainly how blockchain technology was first deployed, it is by no means its only utility. For example, in the organics food industry, retail giants like Walmart have employed blockchain technology to shore up their supply chains. If there is a need to identify precisely from where a SKU of organic lettuce was sourced, blockchain technology now affords Walmart the ability to do so in a matter of seconds instead of days.[1] Thus, while often discussed in connection with Bitcoin, blockchain technology in the bankruptcy context is not exclusively a conversation about a bitcoin’s worth.

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