■ Business Forecast
■ Business Forecast
identifies and categorizes electronic waste more efficiently , streamlining recycling processes . Additionally , AI-driven predictive maintenance can prolong the lifespan of electronic devices , minimizing premature disposal .
Guardian Data Destruction Glenn Laga CEO & Founder
In a soft economy and with the uncertainty of upcoming elections , we see customers looking for ways to save money by extending the useful life of their IT assets from field laptops to data centers . That means extending usage and erasing ( wiping ) hard drives ( HDDs and SSDs ) instead of shredding to either reuse or remarket . This trend can quickly and easily set the stage for a data breach . Cutting corners on data destruction processes and protocols between hand-offs or end of life can decrease security and accountability that protect personal and confidential data .
XSolutions Consulting Services , LLC Joseph Imperato , Jr . Partner
In 2024 , passkeys – a new and reliable substitute for traditional passwords – are set to completely transform your password security . The integration of passkeys , which make use of cryptography and biometrics , will begin to rapidly be integrated into your workflow as businesses prioritize cybersecurity and continue to adopt cloud services . This innovation is expected to simplify your login experience by allowing you to sign-in to your accounts using a trusted devices unlock method – Like your phones fingerprint reader , thus lowering the risk of data breaches dramatically .
LAW
Chiesa Shahinian & Giantomasi PC Patricia K . Costello Managing Member
Based on what we ’ ve been seeing so far , CSG Law is anticipating an increase in litigation across the board , with a focus on securities , FINRA , and regulatory work as well as patents and trademarks . Furthermore , we expect that the emergence of AI alternatives to serve our clients will affect hours , performance models and billing and will continue to develop rapidly . We need to keep pace but not be too hasty .
Cole Schotz , P . C . Randi W . Kochman Member
Artificial Intelligence ( AI ). As with many industries , the emergence , expansion and impact of technology on the legal industry cannot be denied . Whether attorneys like it or not , AI has and continues to impact the way we practice law , while offering efficiencies and lower costs . Although AI began to affect the law in the discovery space years ago ( with e-discovery ), it is now being used with respect to research and even legal writing ( ex . ChatGPT ). Legal practitioners must understand and navigate how these technologies work and perhaps most importantly , their ethical obligations when using AI . The power of AI is most valuable when it is used to complement human judgment and skills . The legal practitioners who deploy the right AI tool ( s ), properly determine how to construct and refine optimal queries , and evaluate the quality of the AI-generated result will thrive .
Without question , artificial intelligence ( AI ) will impact nearly every industry in 2024 and beyond .
Connell Foley LLP Timothy E . Corriston Managing Partner
By 2024 , the legal industry is likely to make greater use of artificial intelligence ( AI ) to automate routine tasks such as document review and contract analysis , allowing legal professionals to focus on the aspects of their work that require human expertise .
While the use of AI for these purposes can increase efficiency and reduce costs , adopting the power of AI in any capacity raises important ethical and legal issues , such as data privacy and bias , that the legal industry must address in order to ensure it is using AI responsibly .
Gibbons P . C . Peter Torcicollo Managing Director
There ’ s no question the single most impactful issue on the horizon for law firms ( and most industries ) is Artificial Intelligence . There are so many new vendors and offerings in the space that it ’ s difficult to keep up . Both Thomson Reuters ( Westlaw ) and Lexis / Nexis are rolling out their AI capabilities , and law firms will very quickly need to make important decisions about what to get and how to utilize the AI-driven services to best serve the needs of our clients ( and the needs of our organizations ). I don ’ t think it ’ s an overstatement to say we are on the threshold of a sea change in the way lawyers and firms do business .
Nachman , Phulwani , Zimovcak ( NPZ ) Law Group , P . C . David Nachman U . S . Managing Attorney
In 2024 , we predict a surge in tech-driven immigration solutions , streamlining processes and ensuring faster , more efficient client services in the U . S . business immigration sector . We also anticipate stricter regulations , driving businesses to seek expert counsel to navigate complexities . Artificial Intelligence will play a pivotal role in case management and document verification , revolutionizing the way we serve our clients .
Scarinci Hollenbeck , LLC Katerin Traugh Executive Director
Without question , artificial intelligence ( AI ) will impact nearly every industry in 2024 and beyond . Our internal AI Task Force anticipates the legal industry will leverage the advancements of generative and regenerative AI to continue to provide more efficient services . We actively follow its development for safe and effective uses inside our firm and for our clients . Time is valuable , and AI will enable our attorneys to be more productive by increasing effectiveness , elevating quality , reducing time , and advancing cross-marketing opportunities with our current clients .
Sills Cummis & Gross , P . C . Max Crane Managing Partner
While artificial intelligence ( AI ) will continue to be looked at in a variety of ways to better serve clients more efficiently in 2024 , providing an excellent client-centric approach and meeting each client ’ s business goals and expectations cannot be understated in the new year . With a significant percentage of clients experiencing increased job demands , clients have increased expectations from their legal service providers and are also looking for increased value . Expectations and value are defined differently by each client so it will continue to be imperative to customize your team ’ s approach for each client based on their needs and goals .
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