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Welcome Address at the Cloud Event jointly organised by SCS,SAL,ACCA and SMF

Reach New Heights with Cloud Computing & AI: LegalTech By Dr. Anton Ravindran.

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Welcome Address at the Cloud Event jointly organised by SCS,SAL,ACCA and SMF

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  1. Welcome Address Reach New Heights with Cloud Computing & AI: LegalTech By Dr. Anton Ravindran

  2. “ I Know this accounting in the cloud is supposed to make things easier, but how do we know which one is ours? ”

  3. Agenda • What is Cloud Computing • Why IT matters • What is the Future • Impact of Cloud Computing & Applications

  4. Globalization Disruptive FinTech Uberism Digital Economy LegalTech Cloud Computing AI/ML Edge Computing

  5. Industrial Revolution 4.0 3.0 2.0 4.0 1.0 Electrical Mechanical Digital Internet Mechanical Production Mass Production Automated Production 010101 101010 010101

  6. Services Common Products Bespoke Ubiquity Novel Innovation Shift happens………………………………………… Be Prepared for it Market Penetration Low Market Penetration High

  7. CAPEX EXPERTISE SCALABILITY

  8. $569/GB Affordable digital infrastructure: Computing Affordable digital infrastructure: Storage $1200/Mbps $ per gigabyte $222/MM 5 B $0.03/GB $ per 1 MM transistors $ per megabyte per second 1992 2014 Affordable digital infrastructure: Bandwith Cloud Computing Growth (Billions) $75/Mbps $0.04/MM $5/Mbps $0.63/Mbps 1992 1998 2005 2010 2014 2015

  9. Layman Definition “It is about computers and internet to process information”

  10. Business Strategist “It is the disruptive technology that drives the digital transformation of enterprises in todays digital economy “

  11. IT Specialist “The practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer. It is a service based model. These services are broadly divided into three categories: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS)…... “

  12. Cloud Computing matters…… • On Demand Self Service • Multi-tenancy • Rapid Elasticity & Scalability • Measured Service Product -------------------------> Service Product  Service

  13. Disruption > Opportunity Technology Adoption/Market penetration Competitive disadvantage Time

  14. Learning from the Past …..

  15. Whats the Future?

  16. 90%

  17. Big Data • 90% - Last 2 years • More new data generated in 2018 than prior 5,000 years • FB – 2.3 B • Online – 4.1 B • Walmart generates 2.5 petabytes per hour • Singapore generates several Terabytes of data each day • Data Analysed – 0.5% - Most valuable Source

  18. Cloud Computing

  19. Edge Computing – Fog Computing

  20. Cloud | Data Centers Thousands Fog | Nodes Millions Edge | Devices

  21. Agility & Power Sense Learn Infer Act

  22. Applications in the Cloud & its Impact

  23. LegalTech • Justice for all ? • Justice for who can afford? • Democratize Law

  24. 31% 62% 31% Storage e-discovery Email management 27% Productivity application > 50% of law firms use cloud computing IP practice software 27% 27% Billing

  25. Efficiency Accuracy Constant Learning Augments Teaming More with less Legal Tech Fiction or Fact Hype or Reality Blue J DoNotPay COIN SHeW (CJC) • eLegal Research • eDiscovery • eDue Diligence • eLegal Analytics • Legal Chatbots • Smart Contracts

  26. Welcome to the Future Thank you

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