New offerings to facilitate measurable, scalable and reliable use of artificial intelligence.
FTI Consulting, Inc. (NYSE: FCN) has announced that the firm's Technology segment has launched IQ.AI by FTI Technology, artificial intelligence solutions that address a range of client issues across disputes and investigations, antitrust and data breach response.
FTI Technology's digital insights and risk management experts, attorneys, data scientists and consultants designed and deliver IQ.AI as a proprietary combination of workflows and expertise for applying industry-leading AI technologies in legal and regulatory matters. With IQ.AI, FTI Technology helps clients balance innovation, technology performance and risk mitigation for specific AI use cases. Offerings include:
|- IQ.AI for Investigations: Includes document summarization to quickly and defensibly generate overviews, extract key facts, develop case chronologies and enhance human review.
- IQ.AI for Data Breach: Enables the quick identification and extraction of personally identifiable information, personal health information and other sensitive data for breach response and data protection compliance during legal and regulatory document productions.
- IQ.AI for Antitrust: Features can include monitoring in support of compliance with antitrust and other regulations, including oversight for prohibited behaviors within enterprise communications platforms and chat applications and customized analytics to reduce risk across large complex datasets.
A surge of interest for AI solutions across industries is adding pressure to legal, compliance and adjacent business functions to find practical, cost-effective use cases supported by risk mitigation measures. A survey from MIT Technology Review Insights found that 78% of business leaders view generative AI as a competitive opportunity, and a separate study from Thomson Reuters reported that 70% of legal professionals believe AI and large language models will have a transformational impact on their field. Despite these expectations, only 9% of organizations are currently AI-mature and nearly half are struggling to measure and demonstrate the value of AI projects (Gartner).
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