The main theme of the report is the strategic implementation of artificial intelligence (AI) and its impact on professional fields such as law, risk management, compliance, taxation, accounting, and auditing.
Key findings include: AI is transforming professional fields by increasing efficiency, productivity, and reducing costs. Organizations that implement AI gain a competitive advantage. It is expected that AI adoption will allow legal professionals to free up to 240 hours per year, equivalent to an average annual cost of $19,000 per professional. In the US, this will lead to a cumulative annual effect of $32 billion for the legal and tax sectors. Organizations with a clear AI strategy are twice as likely to see revenue growth compared to those using AI informally.