OpenText has launched OpenText Axcelerate with Aviator, an enhancement to its eDiscovery platform, introduced as part of the latest release. Tailored for legal professionals, Axcelerate with Aviator harnesses the capabilities of Large Language Models (LLMs) to deliver data-driven insights, manage risks, and reduce the overall costs associated with eDiscovery.
"Axcelerate with Aviator will revolutionize how in-house legal teams operate. By leveraging the power of Large Language Models, Axcelerate with Aviator will automate document review giving legal professionals faster access to key facts and evidence to improve early data-driven decisions and gain a powerful strategic advantage in litigation and investigations. With these Cloud Editions 24.3 updates, Axcelerate with Aviator will provide insights that not only reduce e-discovery costs but also empower legal teams to make informed, risk-adjusted decisions," said Michael Acedo, Chief Legal Officer at OpenText.
As the legal industry evolves, the need for efficient and cost-effective eDiscovery solutions has never been greater. A recent survey by OpenText reveals that 54% of corporate legal teams plan to adopt AI to free up time for high-value work.
Another survey by Everlaw shows that 40% of legal professionals are currently employing generative AI tools or have intentions to incorporate them in the future. This highlights that generative AI is a key player in this shift, with applications spanning document summarization, legal research, and compliance monitoring.
Assisting legal teams
Facing growing client demands and navigating complex regulatory landscapes, legal professionals can now leverage Axcelerate with Aviator for swift identification of critical information, enabling timely and strategic legal advice. By automating data categorization and summarization, it boosts efficiency, reducing the reliance on manual processes and saving valuable time and resources.
In addition, Axcelerate with Aviator provides upfront cost estimates for its LLM, enabling legal teams to refine review criteria before fully committing, ensuring expenditures are both predictable and optimized.
These advancements ensure that legal teams can operate more effectively, maximizing the value of their efforts while maintaining control over costs.
