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Reg tech: Difference between revisions
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Why? | Why? | ||
They say "any sufficiently sophisticated technology is indistinguishable from magic". Here, "sufficiently sophisticated" is measured relative to the eye of the beholders. When those beholders are denizens of the [[legal]] and [[compliance]] department - especially when they hail from the department's [[chief operating officer|chief operating office]] - one doesn't have to be awfully sophisticated to appear magical, especially in a pilot or a proof of concept. 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? | |||
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]]. | |||
Doesn't disintermeditate - still requires external it (SAAS right), internal it, management, procurement, a orocess through which what value the product had will be bloated, deprecated, rigidised to the point where the tool isa chore. An imposition. | Doesn't disintermeditate - still requires external it (SAAS right), internal it, management, procurement, a orocess through which what value the product had will be bloated, deprecated, rigidised to the point where the tool isa chore. An imposition. | ||