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Dipping a toe into data? Take the plunge and get a lake

Key findings:  A data lake serves as a central repository for comprehensive productivity insights.  Data lakes support various data types, efficiently stores unstructured data and uses object storage for easy retrieval.  Decision making is improved by uncovering patterns, improving decisions and enhancing productivity.  Your business might already be collecting data but without a central resource […]

The AI gulf is widening but there’s time for smaller firms to bridge the gap

When Generative AI burst on the scene with the release of ChatGPT in November 2022, the barriers to adoption for law firms seemed to outweigh the benefits.   There were questions around data leakage, some high-profile examples of ‘hallucination’ (the fictitious creation of legal precedents), and concerns that adopting AI could introduce errors into legal documents.   […]

AI needs ‘onboarding’ just like a new employee

Key findings:  AI has the potential to boost productivity, but the actual benefits have not fully materialised Like an employee, AI needs trust-building, clear expectations and small projects to demonstrate benefits Accurate and transparent data is crucial for AI performance – poor data inputs can lead to high ‘hallucination’ rates Artificial intelligence (AI) has been […]

Alan Max

Alan advises private and listed companies on their corporate transactions. With a demonstrable track record, Alan conducts valuations, provides corporate and strategic value advice, and serves as an independent expert. Alan undertakes valuations of businesses, intangible assets, employee equity and complex instruments. His valuation reports allow stakeholders to make informed decisions about corporate transactions and […]

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