Wolters Kluwer Officially Launches AI-Powered Tool With Predictive Analytics for Legislation
-Federal Developments Knowledge Center offers first-of-its-kind expert insight and analysis on legislative, regulatory, and executive changes-
NEW YORK, Oct. 26, 2017 /PRNewswire/ -- Wolters Kluwer Legal & Regulatory U.S. today announced the official release of Federal Developments Knowledge Center, a solution that helps legal practitioners survey the transforming landscape of legislation, regulations and executive actions. Following a successful beta launch earlier this year, the newly launched solution now offers cutting-edge predictive analytics powered by artificial intelligence, making it the only offering of its kind on the market.
Federal Developments Knowledge Center provides legal professionals with the right tools to stay current on legislation and regulations proposed and enacted by the current administration and the 115th Congress. It also harnesses first-of-its-kind AI-powered predictive analytics that quickly assesses a proposed bill's likelihood of passage by the chamber of Congress in which it presently resides, as well as its likelihood of ultimate enactment - requiring passage by both chambers and the signature of the President.
"We are pleased to officially bring Federal Developments Knowledge Center to market after a highly successful beta test," said Patricia Ginnis, Wolters Kluwer Legal & Regulatory U.S. Executive Director Product Innovation. "The product provides customers with timely, accurate content and analysis, complete with a comprehensive source of current information and AI-driven insights – really, superior foresight regarding the likely fate of the pending legislation most important to their clients' businesses."
The new predictive analytics feature was created by information scientists at Skopos Labs, Inc., and is the latest in a continual stream of innovation and harnessing of AI across several Wolters Kluwer product lines. The technology highlights the background on a given bill's relationship to similar existing legislation and relevant sections of the Code of Laws of the United States, to provide even greater insights on the impact that enactment will have on clients.
"Analytics offerings are becoming a 'must have' enhancement for legal research products," said Jean O'Grady, Senior Director of Information, Research & Knowledge at DLA Piper US, LLP and publisher of the widely acclaimed blog, Dewey B Strategic. "The analytics within Federal Developments Knowledge Center have been developed using natural language processing of the legal text and computational assessment of hundreds of external positive and negative factors that affect a particular bill."
Additional key features and benefits of Federal Developments Knowledge Center includes:
- Key Developments Smart Chart™ with alerts organized by practice area
- Summary and supporting analytics for bills including key positive and negative factors, a line-by-line text assessment, and a list of similar bills
- Near real-time updates of all newly issued executive actions, proposed bills and rules, enacted laws and final rules
- Breaking news with rich analysis written by Wolters Kluwer's expert attorney editors
- Quick access to relevant source documents from Congress, the Executive Branch, and Federal Agencies
- Impact analysis on executive orders, presidential memoranda, proposed legislation and regulations, enacted laws and final rules
To learn more about Federal Developments Knowledge Center or to sign up for a demo, visit: WoltersKluwerLR.com/FDKC
About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer Legal & Regulatory U.S. is a part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
For more information about Wolters Kluwer Legal & Regulatory U.S., visit lrus.wolterskluwer.com, follow us on Facebook, Twitter and LinkedIn.
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Linda Gharib
Director, Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: [email protected]
SOURCE Wolters Kluwer Legal & Regulatory U.S.
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