In an increasing number of industries, eDiscovery of regulation and compliance documents can make trading (across state borders in the US, for example) less complex.
In an industry like pharmaceutical, and its often complex supply chains, companies have to be aware of the mass of changing rules and regulations emanating from different legislatures at local and federal levels. It’s no surprise, therefore, that it’s in regulated supply chain compliance that AI can be hugely beneficial. Given that AIs excel at reading and parsing documentation and images, service providers like Lighthouse AI use the technology in its different forms to comb through existing and new documentation that governs the industry.
The company’s latest suite, Lighthouse AI for Review uses the variations on machine learning of predictive and generative AI, image recognition and OCR, plus linguistic modelling, to handle use cases in large volume, time-sensitive settings.
Predictive AI is used for classification of documents and generative AI helps with the review process for better, more defensible, downstream results. The company claims that the linguistic modelling element of the suite refines the platform’s accuracy to levels normally “beyond AI’s capabilities.”
eDiscovery – the broad term
Lighthouse AI is currently six years old, and has analysed billions of documents since 2019, but predictive AI remains important to the software, despite – it might be said – generative AI grabbing most of the headlines in the last 18 months. Fernando Delgado, Director of AI and Analytics at Lighthouse, said, “While much attention has been rightly paid to the impact of GenAI recently, the power and relevancy of predictive AI cannot be overlooked. They do different things, and there is often real value in combining them to handle different elements in the same workflow.”
Given that the blanket term ‘the pharmaceutical industry’ includes concerns as disparate as medical technology, drug research, and production, right through to dispensing stores, the compliance requirements for an individual company in the sector can be wildly varied. “Rather than a one-size-fits-all approach, we’ve been able to shape the technology to fit our unique needs – turning our ideas into real, impactful solutions,” says Christian Mahoney, Counsel at Cleary Gottlieb Steen & Hamilton.
Lighthouse AI for Review includes use cases including AI for Responsive Review, AI for Privilege Review, AI for Privilege Analysis, and AI for PII/PHI/PCI Identification. The Lighthouse AI claims that its users see an up to 40% reduction in the volume of classification and summary documents with the AI for Responsive Review feature, with less training required by the LLM before it begins to create ROI.
AI Privilege for Review is also “60% more accurate than keyword-based models,” Lighthouse AI says.
AI’s acuity with visual data is handled by AI for Image Analysis uses GenAI to analyse images and, for example, produce text descriptions of media, presenting results using the interface users interact with for other tasks.
Lighthouse’s AI for PII/PHI/PCI Identification automates the mapping of relationships between entities, and can reduce the need for manual reviews. “The new offerings are highly differentiated and designed to provide the most impact for the volume, velocity, and complexity of eDiscovery,” said Lighthouse CEO, Ron Markezich.
(Image source: “Basel – Roche Building 1” by corno.fulgur75 is licensed under CC BY 2.0.)
See also: Hugging Face calls for open-source focus in the AI Action Plan
Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The comprehensive event is co-located with other leading events including Intelligent Automation Conference, BlockX, Digital Transformation Week, and Cyber Security & Cloud Expo.
Explore other upcoming enterprise technology events and webinars powered by TechForge here.
Read the full article here
