When we examine and value companies, we use a lens that is more than five hundred years old. Generally Accepted Accounting Principles (GAAP), which dates back to a Venetian Friar who lived in 1500 AD, has long been the determinant of what we how society measures value. According to this now global standard, things and money are valuable assets. People and ideas, and their development, are expenses. This means that investments such as education, healthcare, training, and research actually eat away at value creation.

The explosive growth of ESI has made for more costly, complex litigation and driven changes to the Federal Rules of Civil Procedure (FRCP). These changes will continue to shape e-discovery, and roles in e-discovery, technology and litigation support will continue to emerge. Median annual spend on corporate litigation expenditures Norton Rose "2016 Litigation Trends Annual Survey" $1,000,000 Special Eurobarometer 431 - Data protection, June 2015 of people say their explicit approval should be required in all cases before their data is collected and processed As 2016 winds down, here's a quick summary of the top legal industry trends, new and old, to watch for in 2017. LEGAL TRENDS E-DISCOVERY CHANGES TO WATCH FOR IN 2017 Artificial intelligence (AI) gets smarter every day. Its potential to automate tasks like TAR, map judicial predispositions to predict rulings or analyze opposing counsel tactics to help prepare defenses continue to grow.

Will technology at last help us to feel richer in 2017? The prevailing concern for several years now has been that despite rising GDP most people are not feeling any richer, and some people attribute the success of populist politicians to this sense of resentment. But we will hear a lot more about the clutch of technologies that potentially can transform our living standards, and accordingly give a practical response to populism by showing that things can and will get better. The core set of these technologies goes under the umbrella term Artificial Intelligence. The New York Times Magazine has just run a piece by Gideon Lewis-Kraus, under the title "The Great A.I. Awakening", which sums up what is happening.

Sex robots should be used in old people's homes and to help rehabilitate sex offenders, says expert Sex robots should be put into old people's homes and to rehabilitate sex offenders, an expert has claim. Dr Kate Devlin also suggests they should be given to people with learning disabilities to help them fulfil certain needs. Sex robots should be put into old people's homes to help them fulfil certain needs, an expert has said. Experts are muling over whether robots could be used to help prevent sex offending. But Dr Devlin is unsure whether the technology would deter sex offenders or encourage them.

New record set for the world's fastest BED with motorised mattress clocking 84mph on a race track Engineers were commissioned by a hotel booking site to build a motorised bed British racing diver Tom Onslow-Cole, 29, took the piece of furniture for a spin He broke the Guinness World Record for the World's Fastest Bed at 83.8mph He broke the Guinness World Record for the World's Fastest Bed at 83.8mph British racing diver Tom Onslow-Cole, 29, took the piece of furniture for a spin and broke the Guinness World Record for the World's Fastest Bed, clocking 84mph The do's and don'ts of après-ski revealed (including why... Aviation expert reveals how to travel in luxury on a... The do's and don'ts of après-ski revealed (including why... Aviation expert reveals how to travel in luxury on a... Crossing the finish line: Adjudicators clocked it whooshing forwards at 83.8 mph A wheely great sleep: Onslow-Cole said his speedy snooze was an'unforgettable experience'. He added: 'I hope it'll stand the test of time – it'll take some beating!' Woman goes on racist rant while waiting in line at J.C. Penney Black blues musician explores racism by befriending the KKK A young thug is filmed fly kicking a lady in the back Dramatic moment man removed from flight for'speaking Arabic' GRAPHIC: Robber is left writhing on the pavement after shot out Syrian police injured after girl blows herself up inside station Male guests in a Chinese wedding flock to harass a bridesmaid Angela Rye shares video of her invasive ordeal with TSA agent Body cam footage shows moments before two Georgia cops are shot Boeing cargo plane overshoots runway before crashing in Colombia Shocking video shows a Texas mother hitting her daughter Adorable moment puppy excitedly unwraps Christmas present Woman goes on racist rant while waiting in line at J.C. Penney Dramatic moment man removed from flight for'speaking Arabic' Is resting your head on a BOX the best way to sleep on a... Shocking pictures reveal how some of the most picturesque... Choose the right seat, alter your watch and drink alcohol:... Fascinating images capture the... Should you be worried about flying in the snow? When photographers were asked to submit their best holiday... 'Is this a real picture?

A visitor uses his mobile phone as he walks past the Microsoft booth with a logo for cloud computing software application at the CeBit computer fair in Hanover, March, 6, 2012. A women holds her laptop as she walks in front of a cloud computing logo at the booth of IBM during preparations for the CeBIT trade fair in Hanover, March 9, 2014. NEW YORK President elect Donald Trump is pro-business and anti-red tape. But what if your business is red tape? Companies whose technology helps banks and investors cope with the welter of post financial crisis regulations and avoid increasingly hefty fines - a sector known as "regtech" - are sanguine about Trump's pledge to dismantle some of those reforms.

Attributes like name morphology [1], address, statistical norms (i.e. the very highest performing individuals likely coming from any majority group), impossible to track effects of lower economic upbringing with poorer nutritional content which have ranges of effects… all of these and more, and various other markers of race that can be gleaned through combinations seemingly safe attributes.

The listing carries no penalties but will likely be an embarrassment for Alibaba, which has been trying to burnish its image in international markets. The move by the USTR comes even as the company claims to have used "big data" technologies to zero in, for example, on 13 factories and shops that were selling knockoff RAM modules under Kingston and Samsung brands, according to Alibaba's news hub Alizila. Its counterfeit goods monitoring and identification algorithm, for example, monitors about 100 dimensional characteristics, ranging from price to the online shops decorations, transaction records, product-release pattern and consumer complaints. Merchants and goods are rated on a 0 to 100 scale, with 80 usually treated as a red flag. The company also uses optical character recognition and the scanning and analysis of images and logos for suspicious listings.

A computer's ability to accurately identify images is a white whale for many technology companies, from Baidu to Google. One Australian startup has found a corner of the market to dominate, winning contracts with the European Union Intellectual Property Office (EUIPO) and IP Australia for algorithms that can detect and compare logos. SEE ALSO: Airbnb is getting into the airline booking disruption game with'Flights' TrademarkVision, which has support from Australia's CEA Startup Fund, uses machine learning to support image searches that can identify similar trademarks. Having a unique trademark or logo is vital, but many intellectual property registration bodies often require outdated forms of non-visual search that make comparison difficult. Australia, for example, relies on keywords, Europe on Vienna codes and the U.S. on design codes.

Will technology at last help us to feel richer in 2017? The prevailing concern for several years now has been that despite rising GDP most people are not feeling any richer, and some people attribute the success of populist politicians to this sense of resentment. But we will hear a lot more about the clutch of technologies that potentially can transform our living standards, and accordingly give a practical response to populism by showing that things can and will get better. The core set of these technologies goes under the umbrella term Artificial Intelligence. The New York Times Magazine has just run a piece by Gideon Lewis-Kraus, under the title "The Great A.I. Awakening", which sums up what is happening.