fbpx
PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Cloud-Native Benefits Reduce the Cost and Effort of Litigation (Yay?)

Tim Sloane by Tim Sloane
May 31, 2022
in Analysts Coverage, Technology
0
Cloud-Native Benefits Reduce the Cost and Effort of Litigation (Yay?)

Cloud-Native Benefits Reduce the Cost and Effort of Litigation (Yay?)

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Microservices in can (containers) are eliminating capital expenditures on computers and eliminating the need to have computers on standby to address peak loads, making specialized computer services such as AI and large storage and analytics readily available, and lowering the cost of collecting data across multiple sources and different languages. Cloud native litigation software leverages these same benefits:

“Software solutions developed in the serverless cloud are distinct from their monolithic predecessors. They can leverage serverless containers to scale their functions depending on load, without requiring intervention, allowing software developers to focus on solving business problems using the appliances provided by companies like Microsoft, Amazon or Google. If your company wanted to develop and introduce language translation into a product, for instance, you could implement it in six weeks instead of six months by taking advantage of existing tools.

If my company wanted to run deep learning statistical algorithms twenty years ago, we would have had to invest in cost-prohibitive hardware. Now we use Azure Databricks for predictive algorithms in our litigation tech software, which is far more affordable but equally effective.

Most of these serverless appliances have a pay-per-use model instead of requiring you to pay for provisioning, resulting in significant operational cost efficiencies. Serverless cloud computing gives a software product the ability to be agile, affordable and innovative.

The Democratization Of Discovery

Cloud-native software products can therefore solve cost and adaptability challenges in law firms. The same product can be used by both a small firm and a large firm without compromising feature robustness. Traditionally, cheaper products in this space would lack features and wouldn’t be able to scale. Serverless cloud computing and cloud-native solutions shift that paradigm.

Without a large capital investment, small or medium-sized law firms can now take on a case with terabytes of data, use an unsupervised machine learning-driven early case assessment module and cull the data to focus only on responsive documents.”

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

Tags: AICloudcomputersDataMicrosoft Azuretechnology
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily
    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Account Takeover Fraud Is Getting More Sophisticated. How Can We Beat It?

    How to Protect Consumers from Account Takeover Fraud

    August 8, 2022
    Technical Challenge or Business Enabler? Seizing the Opportunity of PCI DSS Compliance

    PCI DSS v4.0 Compliance: Raising Your Script Security Awareness

    August 5, 2022
    Reexamining Buy Now Pay Later as PayPal Makes a Bigger Move

    Reexamining Buy Now, Pay Later as PayPal Makes a Bigger Move

    August 4, 2022
    Putting AI and Machine Learning to Work Against Fraud for Banks, PSPs, and Merchants

    Putting AI and Machine Learning to Work Against Fraud for Banks, PSPs, and Merchants   

    August 3, 2022
    Global Payments report

    The Global Payments Report from FIS

    August 2, 2022
    Rillion Rebrands and Launches AP Automation in the U.S. Market

    Eliminating month-end reporting headaches with AP automation

    August 1, 2022
    Can Clients Cash in on Your CX Promises?

    Can a Loyal Customer Base Help Banks Ride Out Inflation Threats?

    July 29, 2022
    The Promise of DeFi Lending Services

    The Promise of DeFi Lending Services

    July 28, 2022

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • COVID-19
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result