Reg tech: Difference between revisions
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Why? | Why? | ||
Any sufficiently advanced [[technology]] is indistinguishable from magic. | |||
:::''—{{author|Arthur C. Clarke}}’s Third Law'' | |||
Where “magic” is in the eye of the beholder, and one measures “sufficiently advanced” relative to the person bewitched. When your beholders inhabit the [[legal]] or [[compliance]] departments - the technology doesn’t have to be awfully advanced to seem magical. Especially in a [[proof of concept]]<ref>One could define the [[terms of reference]] of a successful [[POC]] as being extensive enough to show off the clever bits, but limited enough to conceal the rubbish.</ref>. Just airily drop in expressions like “[[blockchain]]”, “[[chatbot]]”, “[[natural language processing]]”, “[[algorithm]]” and “[[AI]]” and you will sail through. | |||
And so you do. Thus it should come as no surprise that [[reg tech]] really isn't that clever in the first place. It is sold by big-talking<ref>[[blockchain]], [[chatbots]], [[AI]] - you know go you are. </ref> small-thinking, big-blagging startups who are faking it till they make it. '' If your [[reg tech]] was started by a guy who was an associate at Shearman it isn't going to be much chop''. I mean, is it? | And so you do. Thus it should come as no surprise that [[reg tech]] really isn't that clever in the first place. It is sold by big-talking<ref>[[blockchain]], [[chatbots]], [[AI]] - you know go you are. </ref> small-thinking, big-blagging startups who are faking it till they make it. '' If your [[reg tech]] was started by a guy who was an associate at Shearman it isn't going to be much chop''. I mean, is it? | ||
If you want to see real AI and real powerful algorithms at work have a look at a modern [[digital audio workstation]] like Apple’s [[Logic Pro X]]. | If you want to see real AI and real powerful algorithms at work have a look at a modern [[digital audio workstation]] like Apple’s [[Logic Pro X]]. The tech is genuinely ground-breaking, the user interface is designed to be manned by the user, the expectation is no software-as-a-service ''because the software is so intuitive you don't need it''. | ||
*Doesn’t disintermediate: still requires [[external IT]] (SAAS, right?), internal [[IT]], [[Chief Operating Officer|management]], procurement, a process through which whatever value the concept offered will be bloated, deprecated, rigidised and commoditised to the point where using the tool is a ''chore''. An imposition. | |||
*Doesn’t provide user flexibility: [[policy]] will see to that. The product will calcify, it | *Doesn’t disintermediate: still requires [[external IT]] ([[SAAS]], right?), internal [[IT]], [[Chief Operating Officer|management]], procurement, a process through which whatever value the concept offered will be bloated, deprecated, rigidised and commoditised to the point where using the tool is a ''chore''. An imposition. | ||
*Doesn’t provide user flexibility: [[policy]] will see to that. The product will calcify, it is too hard, requiring too many approvals and too many business cases to develop. | |||
*Doesn’t provide out of the box usable content: to be usable the will require lawyers, and there are generally precious few of those, and they generally are refuseniks and low-cost-location rent-a-seat types who can follow instructions but aren't any good at ''writing'' them. | *Doesn’t provide out of the box usable content: to be usable the will require lawyers, and there are generally precious few of those, and they generally are refuseniks and low-cost-location rent-a-seat types who can follow instructions but aren't any good at ''writing'' them. | ||
What none of this does is put useful tools in the hands of the user. | What none of this does is put useful tools in the hands of the user. | ||
*Pricing model req | |||
{{ref}} | {{ref}} |