Responsible Generative AI
In all the above scenarios , generative AI can take over a significant part of the tasks by automatically summarizing case documents , generating new case filing documents , and answering queries from troves of historical legal case incidents and records .
Powerful GenAI applications trained on legal frameworks and historical case diaries can lead to automation of this profession which is currently very human labor oriented . What it would entail is replacing or eliminating the jobs of legal assistants , judicial clerks , and junior attorneys . The profession may also be impacted ( if permitted by courts ), the plaintiffs and defendants directly preparing the court filings / responses and getting legal advice from professional attorneys .
3.1.3 ACCOUNTING
Accountants spend substantial amounts of time on data entry , transaction categorization and reconciliation . GenAI can automate the process of data entry by extracting information from documents , invoices and receipts eliminating the need for manual entry . It can analyze and categorize transactions based on trained data from previous financial records . GenAI can also assist on the creation of Financial Statements like Income , Balance Sheets , and Cash Flow . From a Tax compliance point of view , GenAI systems can help stay compliant with tax regulations .
While GenAI may not completely replace accounting jobs , it will certainly transform the job roles and distribution of responsibilities . Many Solutions and Tools for Accounting leveraging AI are available today . However , none of them seem to leverage GenAI yet . Tools like Sage and Deloitte TrueVoice use Natural Language Processing to generate financial reports from numerical data and can also provide insights and advice based on the data analysis .
KPMG Clara is an audit platform using machine learning , natural language processing , computer vision , and other technologies to automate audit processes , analyze data , detect anomalies , and provide recommendations .
3.1.4 MEDICAL / HEALTH CARE
According to a report from the National Center for Health Workforce Analysis , the average number of physician shortages across all specialties is projected to increase from 6 % in 2025 to 8 % by 2035 . Some specialties like thoracic surgeons and ophthalmology have projected shortages of 30 % and above . The medical field is poised to benefit from GenAI helping reduce those gaps . With the ability to learn specialized data , adapt and automate complex processes GenAI has the potential to develop specialized knowledge for different medical specialties enhancing clinical efficiency and improving patient outcomes .
GenAI can be used to reply to patients ’ basic questions on health , or medications they are taking , thus freeing physicians to increase the number of patients they can cover 13 . GenAI can provide a
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https :// www . forbes . com / sites / forbestechcouncil / 2023 / 06 / 20 / the-impact-of-large-languages-modelson-healthcare /
22 March 2024