In-Short
- Deutsche Telekom introduces AI-powered “Law Monitor” to aid legal departments.
- The tool automates tracking of legislative changes, initially focusing on Germany.
- Plans to expand to 19 more countries, including specific US states.
- Automotive and packaging industries show strong interest in the Law Monitor.
Summary of Deutsche Telekom’s Law Monitor
Deutsche Telekom has launched a new AI-driven service, the “Law Monitor,” designed to help corporate legal departments efficiently track changes in national and international laws. This innovative software-as-a-service solution leverages advanced algorithms to scan legal texts and present the data through an intuitive dashboard, simplifying the process for legal professionals.
Dr. Ferri Abolhassan of Deutsche Telekom emphasized the importance of AI in today’s regulatory landscape and the tangible benefits it offers to customers. The Law Monitor has already demonstrated its value in the automotive industry by providing real-time updates on EU regulations, enabling manufacturers to adjust production accordingly.
With the increasing complexity of regulations globally, the Law Monitor’s ability to consolidate legislative updates from multiple countries into a single interface is a significant advantage over other products. Deutsche Telekom’s expansion plans will further enhance this capability, catering to a broader international market.
The service is not only time-saving but also allows legal teams to concentrate on higher-value tasks such as in-depth analysis and contextual assessment of legal changes. The Law Monitor’s potential extends across various sectors, with interest already shown by the automotive and packaging industries.
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Footnotes
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