RELATIVITY’S ACQUISITION OF TEXT IQ BRINGS AI TO EDISCOVERY

Relativity helps lawyers to analyze huge datasets. It was purchased from Text IQ, an AI firm that assists businesses in recognizing sensitive data, according to reports of more than $100 million.

Relativity provides an online application that permits legal teams to join massive quantities of unstructured data the company revealed yesterday that it has purchased TextIQ in order to incorporate AI techniques into the platform. The details of the deal weren’t disclosed.

They already have a partnership that this deal will enable Relativity to expand its reach to the fields of compliance and privacy of data, Relativity CEO Mike Gamson told VentureBeat.

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What is the process?

Text IQ makes use of non-supervised machine learning (ML) as well as graphic modeling, social network analysis (SNA), and using natural language processing (NLP) in addition to deep-learning algorithms in order to locate relevant information in a legal issue that is due to be resolved. This could be a reason to consider information that is deemed to be confidential or include personally identifiable information (PII) which could be relevant to a specific case such as example, related to data protection laws, such as the Global Data Protection Regulation ( GDPR) that was adopted within the European Union.

Text IQ is also able to identify social networks in unstructured data by using an SL Hypergraph. It helps people connect and how they communicate as well as how they interact with various types of people. They claim to locate each and every person in a dataset, something that only humans can do on their own.

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Relativity’s platform has the ability to consolidate all information to make it simple to apply the TextIQ AI technology. Together, these platforms could reduce the cost of a legal procedure and accelerate the speed at which cases are resolved, Gamson added. In reality, Text IQ claims its platform will cut the expense and time when conducting privilege reviews by up to 75%, and reduces the risk that sensitive information could be accidentally shared.

It’s a Text IQ platform that employs an unsupervised model that allows AI algorithms to learn from all the data that is available instead of using a certain part of the data chosen by humans. The method of training that is controlled is more likely to cause subconscious biases to be introduced into every AI algorithm, Gamson explained.

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Legal landscape

Relativity affirms that its platform is being used by a range of law firms while judges continue to pressure lawyers to make use of AI technologies to improve the pace of litigation. “We like to say we cut the time it takes to get to the truth,” Gamson stated.

TextIQ’s Text IQ platform is expected to remain available as a stand-alone application However, in the future, it is expected that the AI capabilities that were created via Text IQ are expected to be integrated into Relativity. Relativity Platform, Gamson added. The company claims its platform has more than 300,000 customers.

It’s unclear the impact AI has on the field of law. A lot of research-related tasks that were once performed by interns and junior partners are being automated. Automating tedious tasks could make it much easier for lawyers to bring more lawsuits. The number of cases lawyers manage can increase, leading to more lawsuits.

In one way or the other in some way, the AI genie is removed. Legal firms who aren’t in the position to utilize AI to modify their methods of working may be limited in the number of cases they’re competent to handle or stop. It’s not every law firm that is capable of absorbing the initial costs AI initiatives could be able to.

But, technology is always developing. AI models that utilize speech interfaces may eventually aid in making arguments in courtrooms. But the main aim is to cut down on the number of cases that typically require a long time to resolve because the discovery process isn’t efficient.

Daniel was born in Auckland and raised in Calgary, except for the time when he moved back to Quebec and attended high school there. He studied Physics and Science at the University of Auckland. He began writing after obsessing over books.

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