Technology and its impact on Legal sector and Data Privacy
Technology has always been integrated with life and the Legal sector is no exception. It has always been contributing tasks easier for an Inhouse Counsel but in recent years it has become more significant.
An In-house Legal Counsel i.e. A lawyer who works for an Organization /Company broadly works on the following aspects :
Contracts & amp (Contracts Management):
Earlier there were only contracting management tools, which helped in-house counsels to maintain a repository of contracts made. These tools also provided reminders for the renewal of contracts. However, now there are not only tools for contract management but drafting and review as well.
Litigation (Dispute resolution):
Litigation which was the most traditional amongst all legal aspects is now being supported by predictive analysis. There are tools that would provide for predictive analysis with respect to case laws. For instance which was the last case law used in a particular area wherein the result was in favor and the like. In addition to the courts moving the hearings online recently online platforms for dispute resolution have also been launched. Platforms like this aim to simplify dispute resolution, one simply needs to add the details of the dispute and their expectation and onboard the other party, an Arbitrator or mediator will be appointed.
In the area of Intellectual property, once the required IPR is filled before the concerned authority, the task for the in-house counsel is to manage the portfolio of such IPR. In addition to the above watch services, wherein you search on regular basis to find out if there is any infringement of your right. Now both these services are available on AI-based tools/ Software.
Lastly, a business advisory is a vast area as this depends upon which sector/industry you are operating in, applicable laws, and compliances. There is no AI-based tool developed so far around this, but I am sure that in the coming times we would have AI-based tools containing repositories of Industry-specific laws and compliances. Some might believe or imply that this technological advancement would take place of Inhouse Counsels but We at Thriving Web believe if we move with the technology then it would simplify our tasks and enhance our productivity by taking away all mundane activities and focusing on key areas.
What is Data Privacy?
Information privacy is the relationship between the collection, dissemination of data, technology, the public expectation of privacy, and the legal or political issues surrounding them all intersect. It is also known as data privacy or data protection. Essentially, what should &
What should not be in the public domain, what is personal, and what is available for the world to see defines Data privacy? Concerns around data privacy are always raised whenever there is a new technology. For
For instance, when the camera was invented, there were questions like "anything can be exposed to the world". What lies behind such questions is the need to know how invasive the new technology is.
Technology & Data Privacy
In the present scenario, where there are so many new technologies like virtual reality, Concerns about data privacy are growing all the time. To add to the curiosity around the invasiveness of these technologies is "The Facebook Papers" (a document revealing internal fury and decent over the site’s policies) To better understand these concerns, it is essential to understand the challenges and problems are around privacy.
Lifecycle of Data
Data goes in the circle of collection, processing, dissemination, and use.
While the collection must processing in an anonymized fashion, dissemination should be restricted, and Usage should always be limited to the purpose for which the data was collected. However, laws in this area have been introduced recently. Governance is one of the essential requirements in this area.
The realization of the requirements of governance and every county enacting GDPR-based laws stems From the understanding of how data was recently controlled and used by the big giants, The continuous use and control of data by tech behemoths aided understanding of their very existence.
In a valid contract, there is governance required so as to define what information can or cannot be processed and further defines the rights of the individual providing consent to share their data.
We at Thriving Web believe in following in the footsteps of GDPR and aligning with fair information. Transparency, accessibility, rectifications, purpose limitation, safeguards, etc.) Data can be better managed across the globe without hampering individual rights and technological development at the same time.