How to make AI your Favorite Co-Worker

AI and humans

Which is more effective, a team of all-stars or an all-star team? 

Various studies have demonstrated that the latter is likely to be more effective in the long run than the former. Research from Carnegie Mellon, MIT, and Union College, identified two behaviors that successful teams shared. Firstly, equality in the distribution of input – everyone has a chance to contribute their opinions. When only one or two members speak, performance declines. Secondly, behaviors related to emotional intelligence or EQ, including sensitivity to non-verbal cues among team members, psychological safety, and trust. 

Most high-performing teams have these two behaviors in abundance. 

As AI performs more and more repetitive tasks previously done by humans, as well as more advanced services like providing insight and answers, which humans are no longer able to provide due to the vast amounts of data that need to be analyzed and the speed of computing today, one has to ask the question: Can AI become an effective team member? Isn’t it time for AI to become part of the team?

The Dream Team: Human-AI Partnership

Whether we recognize it or not, AI is ubiquitous in our lives. From voice-enabled assistants, advanced search software, and self-driving cars to what is called “narrow AI” – the use of AI in which a learning algorithm is designed to perform a single task like automated claims management or automated contract markup. If AI is here to stay and will play such an important role in our future, how can a high-performing team be built with the necessary characteristics, such as equal input and emotional intelligence, when a machine is part of the team?

A recent article in the Wall Street Journal discussed this very topic, starting from the premise that research has shown that humans and AI working together often perform better than either humans or AI alone. On the lines of the earlier research the author, Kartik Hosanagar, posits there are two fundamental questions that need answering if the Human-AI team is to be most effective a) who decides who does what (equality in distribution of input) and b) how is ‘trust’ engendered (EQ and psychological safety).

The better the “team” is able to assess which is more appropriate for the task – the human or the machine/algorithm, the more likely a positive and more accurate outcome can be achieved. The conclusions are perhaps unsurprising. Humans are naturally wary of technology that they barely understand. Humans in many cases are poor judges of their limitations and not good at deciding whether they should be doing the task or a machine/AI could or should. Algorithms are more dispassionate and when they encounter something they cannot decipher, pass it back to the human to legislate. Getting more comfortable with deciding to give work to the algorithm rather than doing it oneself or another human team member, is part of the process and will lead to better outcomes. On the second point, humans find it difficult to allow the concept of trust to be applied to a machine or algorithm. When they do, then, outcomes improve significantly. 

The popularization of the singularity concept has not been really be helpful in endearing humans to AI. The fear of AI taking over and extinguishing human life-form is alarmist. However, it is clear that the more that humans embrace AI as a partner rather than seeing it suspiciously as some sort of Brutus with a hidden agenda, the more likely we will get comfortable with having a new non-human team member, one that adds to the star team, rather than being a star performer to be feared. 

This has been the foundation for the development of BlackBoiler’s automated contract markup technology. We started with the premise that lawyers will always want to have control of the process of review and revision of contracts, but that AI can be a partner to drive to better outcomes in the negotiation phase of the contract life cycle. The latest release has taken the focus on the duality of deciding who does what task – human or machine, while ensuring lawyers and contract negotiators remain in control. At BlackBoiler we have long strived to deliver “time to value” which is an important concept – how quickly can you get return on the investment of advanced AI technology like BlackBoiler. But there is perhaps an equally important concept that needs striving for, that of “time to trust” – how soon can the human team members really trust the machine/algorithms. BlackBoiler aims to reduce ‘time to trust’ as much as possible, ensuring a harmonious partnership between man and machine in every contract negotiation, resulting in a faster ‘time to value’.

Embrace your AI platform and make it your favorite co-worker! 

Share this article to:

We use cookies to personalize content and to ensure you get the best experience on our website. Thank you for visiting BlackBoiler.com.

View more
Cookies settings
Accept
Decline
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

What information do we collect?

We collect information from you when you register on our site or place an order. When ordering or registering on our site, as appropriate, you may be asked to enter your: name, e-mail address or mailing address.

What do we use your information for?

Any of the information we collect from you may be used in one of the following ways: To personalize your experience (your information helps us to better respond to your individual needs) To improve our website (we continually strive to improve our website offerings based on the information and feedback we receive from you) To improve customer service (your information helps us to more effectively respond to your customer service requests and support needs) To process transactions Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, without your consent, other than for the express purpose of delivering the purchased product or service requested. To administer a contest, promotion, survey or other site feature To send periodic emails The email address you provide for order processing, will only be used to send you information and updates pertaining to your order.

How do we protect your information?

We implement a variety of security measures to maintain the safety of your personal information when you place an order or enter, submit, or access your personal information. We offer the use of a secure server. All supplied sensitive/credit information is transmitted via Secure Socket Layer (SSL) technology and then encrypted into our Payment gateway providers database only to be accessible by those authorized with special access rights to such systems, and are required to?keep the information confidential. After a transaction, your private information (credit cards, social security numbers, financials, etc.) will not be kept on file for more than 60 days.

Do we use cookies?

Yes (Cookies are small files that a site or its service provider transfers to your computers hard drive through your Web browser (if you allow) that enables the sites or service providers systems to recognize your browser and capture and remember certain information We use cookies to help us remember and process the items in your shopping cart, understand and save your preferences for future visits, keep track of advertisements and compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future. We may contract with third-party service providers to assist us in better understanding our site visitors. These service providers are not permitted to use the information collected on our behalf except to help us conduct and improve our business. If you prefer, you can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies via your browser settings. Like most websites, if you turn your cookies off, some of our services may not function properly. However, you can still place orders by contacting customer service. Google Analytics We use Google Analytics on our sites for anonymous reporting of site usage and for advertising on the site. If you would like to opt-out of Google Analytics monitoring your behaviour on our sites please use this link (https://tools.google.com/dlpage/gaoptout/)

Do we disclose any information to outside parties?

We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

Registration

The minimum information we need to register you is your name, email address and a password. We will ask you more questions for different services, including sales promotions. Unless we say otherwise, you have to answer all the registration questions. We may also ask some other, voluntary questions during registration for certain services (for example, professional networks) so we can gain a clearer understanding of who you are. This also allows us to personalise services for you. To assist us in our marketing, in addition to the data that you provide to us if you register, we may also obtain data from trusted third parties to help us understand what you might be interested in. This ‘profiling’ information is produced from a variety of sources, including publicly available data (such as the electoral roll) or from sources such as surveys and polls where you have given your permission for your data to be shared. You can choose not to have such data shared with the Guardian from these sources by logging into your account and changing the settings in the privacy section. After you have registered, and with your permission, we may send you emails we think may interest you. Newsletters may be personalised based on what you have been reading on theguardian.com. At any time you can decide not to receive these emails and will be able to ‘unsubscribe’. Logging in using social networking credentials If you log-in to our sites using a Facebook log-in, you are granting permission to Facebook to share your user details with us. This will include your name, email address, date of birth and location which will then be used to form a Guardian identity. You can also use your picture from Facebook as part of your profile. This will also allow us and Facebook to share your, networks, user ID and any other information you choose to share according to your Facebook account settings. If you remove the Guardian app from your Facebook settings, we will no longer have access to this information. If you log-in to our sites using a Google log-in, you grant permission to Google to share your user details with us. This will include your name, email address, date of birth, sex and location which we will then use to form a Guardian identity. You may use your picture from Google as part of your profile. This also allows us to share your networks, user ID and any other information you choose to share according to your Google account settings. If you remove the Guardian from your Google settings, we will no longer have access to this information. If you log-in to our sites using a twitter log-in, we receive your avatar (the small picture that appears next to your tweets) and twitter username.

Children’s Online Privacy Protection Act Compliance

We are in compliance with the requirements of COPPA (Childrens Online Privacy Protection Act), we do not collect any information from anyone under 13 years of age. Our website, products and services are all directed to people who are at least 13 years old or older.

Updating your personal information

We offer a ‘My details’ page (also known as Dashboard), where you can update your personal information at any time, and change your marketing preferences. You can get to this page from most pages on the site – simply click on the ‘My details’ link at the top of the screen when you are signed in.

Online Privacy Policy Only

This online privacy policy applies only to information collected through our website and not to information collected offline.

Your Consent

By using our site, you consent to our privacy policy.

Changes to our Privacy Policy

If we decide to change our privacy policy, we will post those changes on this page.
Save settings
Cookies settings

BLACKBOILER AI Contract Review Software