Materia Archives - 成人VR视频 Institute https://blogs.thomsonreuters.com/en-us/innovation-topics/materia/ 成人VR视频 Institute is a blog from 成人VR视频, the intelligence, technology and human expertise you need to find trusted answers. Wed, 11 Dec 2024 16:58:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 2024 Reflections: Top Innovation Highlights From 成人VR视频 /en-us/posts/innovation/2024-reflections-top-innovation-highlights-from-thomson-reuters/ Wed, 11 Dec 2024 10:59:55 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=64149 成人VR视频 closed out 2024 with thousands of corporate, legal, tax, audit and accounting customers focusing on the year鈥檚 theme: generative AI and innovation. They convened at SYNERGY 2024, the premier annual technology conference for professionals, for eight days of product and innovation announcements, thought-leadership insights and networking opportunities. Below are 2024 product and innovation highlights plus a sneak peek of what鈥檚 to come in 2025.

成人VR视频 President and CEO Steve Hasker shared a state of the industry outlook, noting generative AI is as disruptive and transformative as previous technology shifts yet is happening even faster. He emphasized what differentiates 成人VR视频, including investments the company is making in generative AI to enable professionals to accelerate and streamline entire workflows and deliver more value for clients. 听

Hasker said 成人VR视频 has invested more than $200M in AI in the last year. He discussed the company鈥檚 vision to provide each professional it serves with an AI assistant; the launch of CoCounsel 2.0, which generates answers three times faster than the previous version; and new work with Microsoft on autonomous agents to increase revenue, reduce costs, and scale impact for customers.鈥

Tax, Audit & Accounting听

鈥淎I is not just changing the landscape of accounting, it’s reshaping it.鈥 That was the message from Elizabeth Beastrom, president of Tax & Accounting at 成人VR视频.

While the profession sees AI as a game-changer to help them work differently, tax and accounting professionals also continue to wrestle with the perennial challenge of a talent shortage. This, combined with escalating complexity and more tax regulations, as well as changing client expectations, leaves tax professionals in need of a critical solution.

成人VR视频 sees the potential of AI to help alleviate these challenges by augmenting human capabilities. Automating mundane, time-consuming tasks will enhance efficiency for tax professionals, helping them reclaim time to channel into higher value tasks. 成人VR视频 is working to bring the power of generative AI, machine learning and automation into its solutions in the following ways:

  1. Saving time in tax preparation:

Coming in beta during the upcoming busy season, 成人VR视频 will launch an AI-assisted tax preparation experience to increase firm efficiency. The solution combines the power of CoCounsel, 成人VR视频 professional-grade generative AI assistant, with workflow automation and software integrations. It supports the delegation of data gathering to simplify mundane tasks and automate tax preparation. 成人VR视频 research shows that customers using this solution will save at least two hours per 1040 tax return on average.

2. Supporting firms鈥 growth with advisory:

As client expectations continue to evolve, they鈥檙e increasingly looking to their accountants as trusted advisors. Firms of all sizes are focusing on growing their advisory practices to help bring their clients additional value, as well as supporting their growth. In 2025, the 成人VR视频 Advisory Solution will combine the power of CoCounsel and Checkpoint content to identify advisory opportunities. Advisory services are integrated directly into a firm鈥檚 practice, with technology empowering junior staff to take on higher-value advisory work and seasoned professionals to move beyond technical expertise to value-added synthesis.

鈥淚t helps firms build their advisory practice with confidence to deliver unprecedented value to meet clients鈥 evolving needs,鈥 said Nancy Hawkins, vice president of Product Management, Research.

3. Transforming audit efficiency:

Halving sample sizes, boosting efficiency and sharpening the focus on high-risk areas are all at the heart of 成人VR视频 Audit Intelligence Analyze solution, which launched in October. Further functionality will be coming in 2025 as it expands the Audit Intelligence suite capabilities. 鈥楾est鈥 will support with automating substantive testing with dynamic transaction tracing, while 鈥楶lan鈥 will harness full data populations with cutting-edge analytics for superior risk assessment. Both will launch with beta programs next year, along with the addition of CoCounsel to the Audit Intelligence suite.

All three solutions 鈥 Review Ready, 成人VR视频 Advisory Solution and the Audit Intelligence suite 鈥 will be further enhanced with 惭补迟别谤颈补鈥檚 generative and agentic AI capabilities.

Corporates

Laura Clayton McDonnell, president of the Corporates segment, shared how enterprise technology, including AI and generative AI, is revolutionizing the profession with innovative and emerging solutions. She emphasized that companies are taking a streamlined and proactive approach to addressing risk and compliance across the enterprise, while driving towards their business goals, will maintain their competitive advantage. Clayton McDonnell also shared how organizations are using solutions including ONESOURCE Pagero, CoCounsel Core, Legal Tracker, Checkpoint Edge with CoCounsel and CLEAR to solve challenges and realize value for their business.

In addition, Ray Grove, head of Corporate Tax and Trade, 成人VR视频, highlighted the company鈥檚 efforts to build a seamless, integrated compliance network, and Kevin Appold, vice president of US Public Records, 成人VR视频, shared how the company鈥檚 risk and fraud solutions play a critical role in the convergence of compliance and commerce. Also, Valerie McConnell, senior director of CoCounsel Customer Success, discussed how CoCounsel is transforming the general counsel鈥檚 office.

Legal

A highlight from the Legal Professionals segment included an in-depth look at the 成人VR视频 2025 AI product roadmap from David Wong, chief product officer; Mike Dahn, head of Westlaw Product; and Valerie McConnell, senior director of CoCounsel Customer Success. They outlined upcoming generative AI features and innovations to support legal professionals, including deeper integration of CoCounsel 2.0 in Westlaw and Practical Law plus generative AI research features including Claims Explorer, Mischaracterization Identification in Quick Check and AI Jurisdictional Surveys.

Legal SYNERGY attendees also participated in interactive sessions and CLE courses on advanced prompting techniques, the science behind large language models, and optimizing generative AI for tasks like drafting and legal research. Sessions offered attendees a comprehensive view of the future of AI in law.鈥

SYNERGY 2024 also included several customer panels and executive briefing sessions. Watch the Innovation Blog for highlights from these sessions and for 2025 product and innovation highlights.

]]>
The Progressive Rise of Generative AI: A Conversation With David Wong and Joel Hron /en-us/posts/innovation/the-progressive-rise-of-generative-ai-a-conversation-with-david-wong-and-joel-hron/ Wed, 30 Oct 2024 09:50:36 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=63649 In honor of the one-year anniversary of the first episode of TechConnect, highlights the progressive rise of generative AI In the past year.

鈥淎s fast as it started, it really feels like in the last year, there’s been an even more rapid acceleration, and many companies racing to become leaders in this field, including 成人VR视频,鈥 said Joel Hron, chief technology officer, 成人VR视频.

Hron and David Wong, chief product officer, 成人VR视频, shared their takes on the most significant advances in generative AI technology, including improvements in accessibility to the technology, with more developer tools alongside reduced costs and more out-of-the-box capabilities.

Wong said he鈥檚 most excited about large language models鈥 ability to have longer context windows, enabling them to keep more information in their short-term memory and answer ever-more complex questions.

鈥淭hat鈥檚 critical for the way 成人VR视频 uses a lot of these models,鈥 Wong said.

鈥淭he agentic behaviors of the models have become more robust in their ability to plan and ability to use reason over complex information,鈥 Hron added.

They also discussed balancing the need to innovate and go fast with the need for ethical, responsible and high-quality AI development.

Wong noted how 成人VR视频 is best positioned to develop professional-grade AI, grounded in fact and data. He emphasized customers鈥 need for measurable solutions, so they can discern tools鈥 accuracy rates, as well as the need for security and privacy.

Wong said 成人VR视频 has the scale and infrastructure to understand customers鈥 needs and develop solutions to solve their biggest challenges, guided by a philosophy and process that ensures the right balance between moving fast and ensuring quality.

Hron said the company鈥檚 human-centric approach to AI development is key.

鈥淥ur human expertise at 成人VR视频 and the level of rigor and quality we put behind both our content and our products for many years has really been a cornerstone of our brand,鈥 Hron said.

Hron said the iterations between technology and domain experts are crucial to how 成人VR视频 helps customers streamline their workflows with AI, such as with AI-Assisted Research on Westlaw Precision and CoCounsel Core.

They also highlighted the 成人VR视频 acquisition of Materia, an AI assistant and platform for accounting and auditing professionals.

鈥淚t鈥檚 a reinforcement of our belief in AI assistants being in the hands of every professional and a reinforcement of our commitment around AI across our entire product portfolio,鈥 Hron said.

He added that 惭补迟别谤颈补鈥檚 strengths have included leaning into the long context and multimodal capabilities of generative AI as well as enabling agentic behavior.

Hear more of Wong and Hron鈥檚 insights on Materia as well as the evolution of generative AI in the of the TechConnect series, which brings diverse and dynamic perspectives from all corners of the technology world with thought-provoking questions and conversation.

]]>