The recently concluded ILTACON 2024 was a landmark event for legal technology hosted at Gaylord Opryland Resort and Convention Center in Nashville. The event brought together industry leaders, innovators, and legal and tech professionals to spectate the rapidly changing and growing legal tech ecosystem. Knovos has been a part of ILTACON repeatedly, and every year, it has been a progressive experience to witness the breadth of technological advancements in the legal tech industry. As ‘Team Knovos’, I accompanied my colleagues of legal tech enthusiasts & veterans and went in for an encore this year intending to demonstrate our cutting-edge solutions engineered for legal tech. This comes from our constant effort to scrutinize the market and analyze the industry needs carefully.
Knovos at ILTACON 2024
The Knovos team headed by our CEO Dharmesh Shingala & our Director Kirit Palsana was accompanied by Connor Morgan – Director CSG, Sibi Pillai – BDM, Kishan Shingala – CSG, Shanavas Sahib – PS & Akshay Vyas – M&B. The teams provided live sessions and hands-on demos to the attendees and quench their curiosity about the up-and-coming technological advancements in the legal tech industry.
Knovos showcased its full strength of technology bandwidth, which comprised its elite product line-up, which included Knovos Discovery, Knovos Manage, Knovos Rooms, Knovos GRC, and Knovos Arbitrate.
Engineered by legal-tech experts and conceptualized by legal veterans themselves, all these Knovos technologies are designed to streamline business processes. All these products, especially the AI-driven features, were able to capture the attention of prospects. At the booth, we successfully executed numerous demos, giving potential clients and partners an experience of our solution’s capabilities first-hand.
The ILTA Experience: Adapting to Change, Embracing AI & Appreciating New Trends
The overarching theme of ILTACON 2024 was particularly for legal organizations to learn and adapt to the rapidly evolving technological landscape. Power-packed with informative sessions delivered by industry veterans and pioneers who have set admirable benchmarks in the industry, the conference had an enviable educational schedule. In addition, the conference featured a wide range of AI and automation solutions for the Legal Tech sphere. This was a fantastic opportunity for attendees to attend over 80 educational sessions.
Key Takeaways from ILTACON 2024
- The Extent of AI: The emphasis on AI was evident throughout ILTA. It has been so since the past couple of years. This time, the discussions concerned the ethical considerations when using Gen-AI and how the learning model should be trained to keep sensitive information secure. With the beautiful prospect of mitigating repetitive work, Gen-AI and Conversational AI have been promoted and adopting in the legal industry but it is also important to understand the security concerns associated.
- The Startup Hub: A dedicated Startup Hub showcased emerging legal tech companies, allowing attendees to explore innovative solutions from new entrants in the market. This initiative emphasized the importance of fresh ideas and technologies in the legal sector.
- Embracing Change: Attendees and exhibitors alike, everyone that coursed through the halls of ILTACON 2024 was a legal tech enthusiast willing to embrace change. This acceptance was seen in more than one ways – it began when the narrative of AI technologies changed from simply exploring AI to streamline repetitive work to understanding the security implications of AI & Gen-AI and developing a safeguard against information leaks. Additionally, as the event began, the organizers had devised a digital way to network and share connections – everyone exhibiting at the event was given a handy device to share their contact information so as to conduct hassle-free networking.
Industry Takeaways: AI, Security, and Collaboration
Throughout ILTACON 2024, it was evident that AI and security are the top priorities for the legal industry.
Discussions emphasized AI’s transformative power and the need for robust security measures to protect sensitive legal data. Knovos, with its laser focus on innovation and data protection, was aptly positioned to address these concerns.
Conclusion
ILTACON 2024 was a crucial event for the legal tech industry, marking a milestone for change and adaptation of new & coming technology. It was easy to spot resounding discussions about AI, easily deployable technology, the need for scalable solutions that grow as the company grows, and the scrutiny of various exhibits across multiple booths. As team Knovos, we achieved our goal of making an impact with our AI-powered solutions. From exhibiting our advanced AI solutions to engaging with various industry leaders, we proudly demonstrated that we are at the cutting edge of legal technology. As this industry continues to evolve, we (Team Knovos) are determined to lead the way and help legal organizations adapt to the change.
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