Embedded data meaning

The text and data mining exception The text and data mining exception that would ease copyright rules so computational artificial intelligence (AI) methods can analyse large volumes of information to detect patterns, trends and ‘other useful information’, often embedded in copyright works, was mooted by the UK Intellectual Property Office (UK IPO) in June 2022. On 31 January 2023, Lopez acknowledged the IPO was ‘probably surprised...in terms of the level of concern that was expressed’ and confirmed the matter had been discussed further within the government. ‘I am pretty confident that some of the options the IPO considered to try to create a more permissive environment for AI in this area will not...

EU financial services developments ECB announces geopolitical risk reverse stress test for 2026 The European Central Bank (ECB) has set out plans to run a geopolitical risk reverse stress test in 2026 across 110 banks under its direct supervision. In this reverse exercise, a fixed outcome, a reduction of at least 300 basis points in CET1, is imposed, with each institution required to specify the circumstances under which such a loss would emerge. Aggregate results to be communicated in summer 2026 According to the ECB, the work will complement the 2025 European Banking Authority stress test, which used a single scenario for all lenders and produced divergent capital drawdowns. The 2026 thematic assessment will have banks evaluate how geopolitical threats might influence their business model. The exercise is designed to gauge how far firms’ stress-testing frameworks incorporate geopolitical exposures, strengthening internal risk management and the capacity to craft appropriate, prudent capital and recovery plans. To limit costs, it will be embedded within banks’ 2026 internal capital...

In this issue: New technologies Information technology Internet Advertising, marketing & sponsorship LexTalk®TMT: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information New technologies Futureproofing AI contracts The speed at which artificial intelligence (AI) advances is continually increasing. A wave of enacted and forthcoming regulations aims to address the risks and challenges arising from developing and deploying the technology. This shifting landscape places demands on contract lawyers to ensure AI solutions used in service delivery are properly supported and evolved so they stay safe, secure, technically current, and compliant with the law. As customers’ needs can change at pace, the capacity to amend agreements or change suppliers is therefore vital. A range of safeguards and procedures can be embedded to ‘futureproof’ contracts and protect the interests of both suppliers and customers. Written by Peter Mason, legal director, and Marcus Bagnall, partner at Wiggin...

This Practice Note outlines Directive (EU) 2019/770 (OJ L 136/1) on certain aspects of contracts for the supply of digital content and digital services—the EU Digital Content Directive (EU DCD)—brought in as part of the European Commission’s Digital Single Market strategy. The EU DCD sets out a range of consumer rights and remedies for business-to-consumer (B2C) agreements covering digital content or digital services, and is complemented by Directive (EU) 2019/771 (OJ L 136/28) on certain aspects concerning contracts for the sale of goods, the EU Sale of Goods Directive (EU SGD). For more on the EU SGD, see Practice Note: The EU Sale of Goods Directive. The EU DCD entered into force on 11 June 2019. EU Member States had to adopt and publish the measures needed to comply by 1 July 2021 and to apply them from 1 January 2022. The national transposition measures can be viewed on the EUR-Lex website. Key information EU Digital Content Directive title: Directive (EU) 2019/770 of the...

As automation and workflow tools become embedded in lawyers’ daily work, organisations are increasingly recognising the gains they deliver, including: higher productivity greater efficiency and shorter timescales operational efficiency and cost savings improved data and management information enhanced risk visibility and the ability to manage it faster speed to market—eg the capacity to shorten sales cycles New ways of working affect people as well as processes, and securing buy-in from the immediate team and the wider business is essential to project success. This depends on thoroughly analysing current processes to understand how workflows can be refined. Crucially, the business must be ready to embrace innovation—effective change management is vital. For more on change management, see subtopic: Managing change. This Practice Note examines automating contracting and contract lifecycle management, addressing: what contract lifecycle management is; the challenges of contracts and how to tackle them; the advantages of contract management solutions; the benefits of automated contracting; and how to...

Advantages of BIM BIM is expected to cut capital expenditure as well as the whole‑life cost of buildings. Co‑ordination and buildability issues can be resolved during design, preventing delays and extra cost if discovered during construction. The virtual model allows swift, low‑cost exploration of the effects of proposed design changes. It generates 3D imagery, making the finished asset simpler to visualise. The model can be simulated and analysed to reveal insights into anticipated running costs. Design information—such as specifications and other technical data—is embedded within the model, keeping it easy to access. ...