Emerging Tech Speed Pitch

Editor's Notes

• #3: So, we are going to talk about Digital transformation from a simplified point of view… more like we are going to do a mental exercise together… and I want you to think about your “work environment” today…and more specifically in the way you do things to accomplish a task that perhaps you used to accomplish in a very different way 3-5 10 years ago… We all have different journeys and within that journey we all have different events that are part of this digital transformation, this events can be personal or professional so I really like this definition of Digital transformation: “Digital Transformation is not necessarily about digital technology, but about the fact that technology, which is digital, allows people to solve their traditional problems”…I give an example…there is nothing more traditional than a piece of paper [click] This is a process that has been going on for years now, the difference is we now have technology that is allowing us to solve still traditional but harder problems - Email for digital transformation – Whatapp – What is personal to me that has created a digitial transformation?
• #4: Traditional problems – what are they in the Energy or Renewables/solar Dept? New tech is helping close this gap What is the traditional problem? Land, negotiation for that land. Project planning. Asset Management Mention contracts
• #5: For most part, structured data refers to information with a high degree of organization, such that inclusion in a relational database is seamless. So, it can be displayed in rows, columns and relational databases, it can be numbers, dates and strings In the other hand, unstructured data cannot be displayed in rows, columns and relational databases. Examples include images, audio, video, word processing files, e-mails, etc Transactions, and negotiations and interactions are all based off unstructured data Stage one : Digitalize the data
• #6: - “Data Rich, Insight Poor” – extracting an insight is not easy AI is there to serve the knowledge worker. Making them faster and better and more accurate at what they do Empowering them. Incorporating the SMEs with this Tech. The SMEs wont go away. Bringin this data to a SME who has the contextual understanding as well. Nothing is more challenging than a piece of paper or a document with all the data in it, that is not easily accessible.
• #7: …and there is nothing more traditional that a piece of paper… Let’s think about contracts, for example…those documents that stipulate the conditions for basic business to happen…and now lets think about a company that we all know because we can find it in many corners in many cities in many countries that can easily handle crazy numbers [click]
• #8: How AI is part of this digital transformation? Knowledge worker and technology (1+1=)3 Digital transformation is not pure digital What do we do with the data once it is processed? Where will you be in 5yrs and 3yrs How will you be working these situations and be proactive instead of reactive? This is all done with Business Intelligence
• #9: Missing risks and obligations Current AI software can also read contracts accurately in any format, provide analytics about the data extracted from the contracts, and extract contract data much faster than would be possible with a team of lawyers. This may sound like bad news for lawyers, but this is not necessarily the case: having additional contract data could allow firms to update their contracts more regularly, and lawyers could focus more on their role as counsel instead of contract reviewer. - Maximize ROI and Minimize Cost