Revolutionizing Compliance: How Lighthouse AI Streamlines eDiscovery with Cutting-Edge Tech
In the ever-evolving landscape of industries, the challenge of navigating regulation and compliance documents has become increasingly significant. Take the pharmaceutical sector, for instance. With its maze of regulations at local and federal levels, companies must stay on top of a flurry of changing rules. It’s here that AI steps in as a game changer, particularly in regulated supply chain compliance. How? By leveraging its unparalleled strength in analyzing text and images, AI tools like Lighthouse AI are redefining the process of managing documentation across these sectors.
Lighthouse AI has rolled out its latest innovation—Lighthouse AI for Review—which uses a cocktail of advanced machine learning techniques. Combining predictive AI, generative AI, image recognition, and optical character recognition (OCR), along with linguistic modeling, it tackles complex, high-volume tasks that demand swift turnarounds. This suite doesn’t just tackle documentation; it transforms the way we think about handling large-scale, time-sensitive compliance needs.
So, what exactly does it do? Predictive AI takes the reins for document classification while generative AI enhances the review process, resulting in outputs that are not just efficient but also defensible. As Fernando Delgado, Director of AI and Analytics at Lighthouse, points out, while generative AI has made headlines lately, we mustn't overlook the value that predictive AI contributes. The two technologies serve different purposes, and blending them can yield impressive results.
Understanding eDiscovery: A Broad Spectrum
Lighthouse AI, just six years old, boasts an impressive track record, analyzing billions of documents since its inception. The distinctions between AI technologies play a crucial role. Particularly in the pharmaceutical industry, where compliance can vary significantly across different domains—from medical technologies to drug production—tailoring technology to fit unique needs is essential. As Christian Mahoney, Counsel at Cleary Gottlieb Steen & Hamilton, aptly states, “Instead of a one-size-fits-all approach, we’ve shaped the technology to meet our specific requirements, turning our ideas into impactful solutions.”
The suite of tools offered by Lighthouse AI includes Responsive Review, Privilege Review, Privilege Analysis, and the identification of Personally Identifiable Information (PII), Protected Health Information (PHI), and Payment Card Information (PCI). Users have reported a whopping 40% reduction in the volume of classification and summary documents when employing the AI for Responsive Review feature. Meanwhile, the AI Privilege for Review claims an impressive 60% higher accuracy compared to traditional keyword-based models.
What about visual data, you ask? The AI for Image Analysis employs generative AI to dissect images, generating comprehensive text descriptions that streamline communication and insights across tasks.
Additionally, the AI for PII/PHI/PCI Identification not only automates relationship mapping among entities but also trims down the necessity for manual reviews. “Our new offerings are crafted with a sharp focus on addressing the volume, velocity, and intricacies of eDiscovery,” mentions Lighthouse’s CEO, Ron Markezich. The innovation truly shines, revolutionizing how we approach compliance in various industries.
In the bustling arena of compliance and regulatory oversight, AI not only eases the burden of documentation but also introduces a level of efficiency that was previously unimaginable. With tools like Lighthouse AI paving the way, it appears the future of regulatory compliance is here—ready for the taking.
