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Welcome Address at the Cloud Event jointly organised by SCS,SAL,ACCA and SMF

Reach New Heights with Cloud Computing & AI: LegalTech By Dr. Anton Ravindran.

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Welcome Address at the Cloud Event jointly organised by SCS,SAL,ACCA and SMF

  1. 1. Welcome Address Reach New Heights with Cloud Computing & AI: LegalTech By Dr. Anton Ravindran 1
  2. 2. “ I Know this accounting in the cloud is supposed to make things easier, but how do we know which one is ours? ” 2
  3. 3. Agenda • What is Cloud Computing • Why IT matters • What is the Future • Impact of Cloud Computing & Applications 3
  4. 4. Copyright© Dr. Anton - GSTF Disruptive Cloud Computing AI/ML Edge Computing Uberism FinTech Globalization Digital Economy LegalTech 4
  5. 5. Industrial Revolution 4.0 1.0 3.02.0 4.0 Mechanical Electrical Internet Digital Mechanical Production Mass Production Automated Production 0 1 0 1 0 1 1 0 1 0 1 0 0 1 0 1 0 1 5
  6. 6. Ubiquity Low Market Penetration High Market Penetration NovelCommon Services Products Bespoke Innovation Shift happens………………………………………… Be Prepared for it 6
  7. 7. EXPERTISE SCALABILITY 7
  8. 8. Affordable digital infrastructure: Computing $per1MMtransistors $222/MM 1992 2014 $0.04/MM Affordable digital infrastructure: Storage $pergigabyte $569/GB 1992 2014 $0.03/GB Cloud Computing Growth (Billions) $permegabytepersecond 1998 20152005 2010 $1200/Mbps $0.63/Mbps $75/Mbps $5/Mbps 0 100 200 300 400 500 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Affordable digital infrastructure: Bandwith 5 B 8
  9. 9. Layman Definition “It is about computers and internet to process information” 9
  10. 10. Business Strategist “It is the disruptive technology that drives the digital transformation of enterprises in todays digital economy “ 10
  11. 11. IT Specialist “The practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer. It is a service based model. These services are broadly divided into three categories: Infrastructure-as-a- Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS)…... “ 11
  12. 12. Cloud Computing matters…… •On Demand Self Service •Multi-tenancy •Rapid Elasticity & Scalability •Measured Service Product -------------------------> Service13
  13. 13. You Market TechnologyAdoption/Market penetration Time Competitive disadvantage Disruption > Opportunity 14
  14. 14. Learning from the Past …..
  15. 15. Whats the Future? 16
  16. 16. Copyright© Dr. Anton - GSTF 90% 17
  17. 17. Copyright© Dr. Anton - GSTF Big Data • 90% - Last 2 years • More new data generated in 2018 than prior 5,000 years • FB – 2.3 B • Online – 4.1 B • Walmart generates 2.5 petabytes per hour • Singapore generates several Terabytes of data each day • Data Analysed – 0.5% - Most valuable Source 18
  18. 18. Cloud Computing 19
  19. 19. Edge Computing – Fog Computing 20
  20. 20. Cloud | Data Centers Fog | Nodes Edge | Devices Thousands Millions 21
  21. 21. Learn Sense Act Infer Agility & Power 22
  22. 22. Applications in the Cloud & its Impact 23
  23. 23. LegalTech •Justice for all ? •Justice for who can afford? •Democratize Law 24
  24. 24. > 50% of law firms use cloud computing 62% 31% 31% 27% 27% 27% e-discovery Storage Email management Productivity application IP practice software Billing 25
  25. 25. Legal Tech Fiction or Fact Hype or Reality Blue J DoNotPay COIN SHeW (CJC) • Efficiency • Accuracy • Constant Learning • Augments • Teaming • More with less eLegal Research eDiscovery eDue Diligence eLegal Analytics Legal Chatbots Smart Contracts 26
  26. 26. Thank you 27

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