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Legal Tech News and Events: September 26, 2022


New federal security standards for software compliance and global CIO survey reveals AI adoption trends.

September 26, 2022


Compliance: New Security Standards for Software Vendors of Federal Agencies

Self-attestations are now required from software developers before can purchase and use their products. The new guidelines were from the Office of Management and Budget (OMB). Agencies may also require vendors to a software bill of materials so they are informed of the complete software components before bidding starts.

Self-attestations refer to documents that provide proof that the software is in compliance with National Institute of Standards and Technology (NIST) guidelines. Earlier this year, NIST released its updated cybersecurity framework.

OMB orders that all federal agencies prepare an inventory of the software they use within 90 days while agency chief information officers are given 120 days to ask their software vendors a process to comply with the new requirements.

Report: Global CIO Survey on AI Adoption by 2025

AI adoption is increasing steadily, with 35% of companies reported using AI in their business, and an additional 42% reported they are exploring the adoption of AI. In the report, CIO Vision 2025: Bridging the Gap between Business Intelligence and AI released by MIT, C-level executives, chief information officers, chief technology officers, and chief data and analytics officers provided insights into the use of AI.

Some of the key highlights are below:

  • 72% cited that the challenges to achieving their AI goals are more likely than other factors.

  • 78% of enterprise technology leaders and 96% of AI leaders say that their top priority is to create business value when scaling AI and machine learning.

  • 72% of all surveyed believe that the best approach to ensure the most flexible possible foundation for AI development is through a multi-cloud.

  • Most leaders expect an increase in spending on data security by an average of 101%.

InfiniGlobe, a full-service consulting and software company, specializes in systems integration and performance optimization of top corporate legal departments and law firms. For more information, reach out to us at info@InfiniGlobe.com or at (833) LGL-TECH.


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