Necessity is the mother of invention. Ever since humankind has started creating new things, the focus of their creation is to help them with the task that they need to perform. From vehicles to electricity, humans have created new technology to find ways to make their lives and work easier. The use of machines in the workplace is nothing new; however, with the advancements in technology these machines that used to do simple tasks are now capable of so much more. The invention of robotics and artificial intelligence has elevated these machines to be able to learn and think for themselves.
People have always been excited about new technology. When Apple came out with the first iPhone back in 2007, the world was watching; excited about what the new technology has in store and how it can make life more convenient. True enough, because of the iPhone’s launch, a thousand more other features and advances in technology has taken place. Information has become readily available to anyone with a smartphone and an Internet connection; you might even be reading this article on a smartphone or tablet. The same expectations from people apply to autonomous or self-driving cars. People expect that this technology would not only be more convenient but would also be safer on the road.
The customer is the heart of any business. Whether the business is a retail clothing store, food delivery, or even a law firm offering expert services, the business’s success relies on their customers. Even if the product or service that you’re selling is top-notch if you don’t have people to buy what you’re selling or avail of your services, your business is bound to fail. Companies including law firms should consider their customers as assets because aside from buying a business’s product or service which gives the business revenue to keep on operating, these customers provide invaluable feedback that your company can use to improve and to expand; this is the reason why businesses should make an effort to understand their customers.
The law has always been part and parcel of the human experience. Ever since ancient times, laws have been established to help guide and regulate human behavior. As humanity progresses, the laws change as well. With every development that we encounter and create, laws are adjusted to continue being relevant, and new circumstances necessitate laws to govern it. The recent accelerated technological advances had once again challenged the law’s adaptability and required the development of legal technology.
So you’re starting a new project. Great! Business is booming! But how do you estimate how long this project will take to complete? Five hours? Five days? How much will it cost your business to perform this work? Are there any opportunity costs associated with taking on this new project or client?
It can be difficult to answer these types of questions while you are busy running a business. But unrealistic project estimation frustrates employees and clients alike, as it can make deadlines, costs, and results unpredictable at best and impossible at worst.