AI Workshop PPT Final

UOB Commercial Awareness Society
ARTIFICIAL INTELLIGENCE
October 2018 Workshop
UoB Commercial Awareness Society
ARTIFICIAL INTELLIGENCE
- RUN THROUGH -
Introduction, providers and effects – Sharon + Ayisha
Market examples – Aaron + Lewis
AI in the News - Lewis
AI in the Future (academic opinions) – Hannah
Thinking Sensibly About AI – Tom
What is Artificial Intelligence?

The theory and development of computer systems to perform tasks normally requiring human
intelligence, such as making intelligent decisions, reasoning and problem solving.
e.g. visual perception, speech recognition, decision-making, and translation between languages.
… and machine learning?

The development of computer programs that can teach themselves to grow and change when
exposed to new data.
KEY TERMS
ALGORITHM – A formula or set of rules that tells a machine how to solve a problem or perform a task.
ANALOGICAL REASONING – Solving problems by comparing to past experiences.
ARTIFICIAL NEURAL NETWORKS – Advanced learning models based on the biological neural networks of animals,
which can perform more difficult tasks than traditional methods of programming.
AUTONOMOUS – Can act independently and doesn’t require input from a human to function properly.
DATA MINING – Process by which patterns are discovered in large sets of data to extract useful information.
HEURISTIC SEARCH TECHNIQUES – Narrows down search for solution by eliminating incorrect options.
MACHINE LEARNING – Getting machines to act without being programmed to do so (change when exposed to new data)
DZONE.COM/ARTICLES/AI-GLOSSARY TECHREPUBLIC.COM/ARTICLE/MINI-GLOSSARY-AI-TERMS-YOU-SHOULD-KNOW/
Supervised
MAIN TYPES OF Machine

Learning
Unsupervised
Deep learning
ARTIFICIAL Natural language

Text generation
Question answering
INTELLGENCE processing
Context extraction
Artificial
Intelligence Expert systems Machine Translation
Speech to text
Text to speech
Speech
Image recognition
Vision Machine vision

ARTIFICIAL INTELLIGENCE PROVIDERS

Legal AI Vendors: Kira, RAVN and Luminance
• Identifies, extracts and analyses contracts
• Used for due diligence, compliance, insurance
or contract management
• RAVN ACE: Converts unstructured data into
ordered information for analysis
AI for Businesses: IBM Watson

• Voice recognition and business analytics
• Natural language processing (chatbots)
• E.g. Client Ross Intelligence uses IBM Watson to answer questions
AI for Banking: Symudyne Technology

• Creates computer models for banks that simulate millions of possible future
scenarios
• Makes decisions across Barclay’s trading, lending and risk management divisions
Increased productivity Increased accuracy Reduced cost

Increased productivity Increased accuracy Reduced cost
LAW BANKING
• Data room management • Fraud detection
• Due diligence exercises • Trading
• Disclosure • Compliance
• Document comparison • Risk Management
• Workflow functionality
Increased Productivity
CONTRACT REVIEW AND MANAGEMENT
• Improves efficiency of document analysis
• Software can review vast amounts of
documents and flag as relevant to case
• Highlight sections which documents have
in common
DUE DILIGENCE
• Speeds up assessment of a business
undertaken by a prospective buyer to
establish assets and liabilities
Increased Accuracy
PREDICTING LEGAL OUTCOMES
• CaseCrunch - predictive analytics tool which helps
predict an outcome of a case through use of big data
• Machine accuracy – 87%

• Lawyer accuracy – 62%
SPOTTING MISTAKES
• AI 10% faster and more accurate than lawyers in
spotting issues with legal contracts
Reduced Cost
• Performs some processes quicker than lawyers
• More time spent on quality, high-value work
• Less time on low-level, low- value work
• Saves money for firms, businesses and clients
LAW – LINKLATERS
• Lawyers code solutions directly for clients
• Linklaters Verifi – checks client names – much quicker
LAW – HOGAN LOVELLS

• Hogan Lovells - 1 million pounds saved from in law suit
LAW – ALLEN & OVERY

• A&O Margin Matrix – reduces drafting time 3hrs to 3 minutes
• Tech incubation – e.g. Legastics pilot in Global Banking Sector
• Internal development means earlier access
BANKING - JPMORGAN’S - COIN (CONTRACT INTELLIGENCE)
• COIN analyzes a document in seconds
• Considerable cost saving
• Saved thousands of lawyer hours
- CASE STUDY
NAKHODA
• Built in-house AI platform
• Develop and sell AI services to clients
• Sort types of clients for the banking group
• Ability to answer ‘yes/no’ questions
• Reduces human error
AI IN THE NEWS
11TH OCTOBER 14th SEPTEMBER 13th AUGUST
Google withdraws from $10bn Jobs threat from automation UBS trials Netflix-style
Pentagon JEDI contract is overdone, says BoE’s Mark algorithms for trading
contest Carney suggestions
https://www.uobcommercialawareness.co.uk/commercial-affairs-updates
The Future of AI
ACADEMIC/RENOWNED OPINIONS
PETER NORVIG STEPHEN HAWKING
STEVE WOZNIAK RICHARD SUSSKIND ELON MUSK

Thinking Sensibly About AI
Tom Bewley
MSc Machine Learning, University of Bristol
/in/tbewley
AI is cool…
…but it’s not magic.
/in/tbewley
House price
Garden size
/in/tbewley
House price
Garden size
House age
/in/tbewley
Data → Pattern → Output
House price
Garden size
House age
/in/tbewley
/in/tbewley
/in/tbewley
/in/tbewley
engeniuspod.org
/in/tbewley
BECOMING COMMERCIALLY
AWARE
• Listen to podcasts and keep up with articles Apply the commercial
• Keep up with a company affairs to the relevant
• Keep up with individuals industry
• Learn basic structure of deal/area
• Have a basic understanding of economics
• Know key terminology Listen to podcasts/
read articles
Attend our workshops

BECOMING COMMERCIALLY
AWARE
SUGGESTED RESOURCES: Apply the commercial
• FT weekly podcast
affairs to the relevant
• FT online subscription industry
• BBC Business Daily
• Finimize Listen to podcasts/
• Bright Network Commercial Update read articles
• Behind the Money
ARTICLE SUBMISSIONS OPEN Attend our workshops

TOMORROW
SUBMISSIONS NOW OPEN
SUBMIT YOUR ARTICLE ON AI FOR OUR STUDENT PUBLICATION
Examples of topics you can choose from include:
• Automated services within banks including chatbots,

large algorithmic trading and automated anti-money-
laundering services
• The effect of AI on data handling and processing in

accountancy firms
• The effect of AI in research and analytics within

consultancy firms
• AI’s role in the legal sector in contract review and

predicting legal outcomes
Deadline: 31st October 2018
Submit your article to: uobcommercialawareness@gmail.com

AI Workshop PPT Final

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

AI Workshop PPT Final

Uploaded by

Copyright:

Available Formats

UOB Commercial Awareness Society

What is Artificial Intelligence?

… and machine learning?

MAIN TYPES OF Machine

ARTIFICIAL Natural language

Vision Machine vision

ARTIFICIAL INTELLIGENCE PROVIDERS

AI for Businesses: IBM Watson

AI for Banking: Symudyne Technology

Increased productivity Increased accuracy Reduced cost

Increased productivity Increased accuracy Reduced cost

• Machine accuracy – 87%

LAW – HOGAN LOVELLS

LAW – ALLEN & OVERY

11TH OCTOBER 14th SEPTEMBER 13th AUGUST

PETER NORVIG STEPHEN HAWKING

STEVE WOZNIAK RICHARD SUSSKIND ELON MUSK

Attend our workshops

ARTICLE SUBMISSIONS OPEN Attend our workshops

Examples of topics you can choose from include:

• Automated services within banks including chatbots,

• The effect of AI on data handling and processing in

• The effect of AI in research and analytics within

• AI’s role in the legal sector in contract review and

Deadline: 31st October 2018

Submit your article to: uobcommercialawareness@gmail.com

You might also like