Checklist: AI provider requirements
Artificial intelligence (AI) solutions can help legal and claims departments improve legal operations efficiency, reduce spend, and improve outcomes. However, the degree of success you have with these tools depends largely on the quality of the provider you choose to partner with. This checklist will help you evaluate potential vendors to ensure that they will meet your business goals.A large data set: Data is the key to AI performance. When AI is “trained” on a very large data set, it improves the results it provides.Incorporation of your internal data: By including your historical data in the data set that the AI learns from, the algorithms can better address your unique challenges. Data Integrity, relevancy, and reliability: The vendor’s data should be clean, vetted, and carefully curated to keep the AI accurate.