Financial technology
33 Citations•2020•
Lord Hodge
Artificial Intelligence and the Law
In recent years four important technological developments have created new opportunities in many walks of life; there has been a huge increase in the computational and data processing power of IT systems, and the costs associated with the storage of data have fallen.
Abstract
In recent years four important technological developments have created new opportunities in many walks of life. What are they? First, there has been a huge increase in the computational and data processing power of IT systems. Secondly, data have become available on an unprecedented scale. Thirdly, the costs associated with the storage of data have fallen. And, fourthly, increasingly sophisticated software services have come onto the market.