Toshiba America’s GC on Using AI to Drive Efficiency and Cut Costs
Update: 2023-10-27
Description
- Why GenAI holds promise for in-house legal departments (1:52 )
- Use cases for in-house legal (3:02 )
- How to manage the reliability issues (4:45 )
- Why implementing the technology is a priority now (5:59 )
- Why organizations that use the technology will replace those that don’t (7:11 )
- How Tim Fraser is encouraging members of his team to test the technology (7:53 )
- Initial takeaways (9:09 )
- How Tim plans to use AI in contracting (11:05 )
- What guardrails organizations should implement to manage the risk (11:42 )
- Tim’s role in setting up the company’s cross-functional innovation program to manage risk and build “a culture of experimentation and adoption” (13:18 )
- Why GenAI will “probably be as disruptive as the industrial revolution” (15:36 )
Tim Fraser, the general counsel for Toshiba America, hasn’t wasted any time in identifying ways GenAI can help legal teams free time to do more strategic work and, at the same time, save money. Listen to Tim and host Laura Cohn discuss how the technology can drive efficiency — and why organizations can’t afford to have a wait-and-see attitude toward using it. Tim, whose team meets regularly to share information about how they’re using GenAI, is trying to build “a culture of experimentation and adoption.” He offers this advice to other executives: “Get started,” because this will be “at least as disruptive as the invention of the computer.”
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