Role of Technology in Mediation

The Role of Technology in Commercial Mediation – pexels-pavel-danilyuk-7518964

In recent years, technology has played an increasingly important role in various aspects of our lives. From education to healthcare, technology has transformed the way we interact with each other and the world around us. One area where technology has made significant strides is commercial mediation. We will now discuss the role of technology in commercial mediation and how it has impacted the process.

Commercial mediation is a form of dispute resolution where parties involved in a commercial dispute hire a neutral third party to help them negotiate a settlement. Traditionally, mediation involved face-to-face meetings between the parties and the mediator, but with the advent of technology, online mediation has become more prevalent. Online mediation allows parties to participate in the mediation process remotely, which has several advantages.

Firstly, online mediation can be conducted more efficiently. By eliminating the need for travel and scheduling conflicts, online mediation allows parties to participate in the mediation process more easily. This can save time and reduce costs associated with traditional face-to-face mediation.

Secondly, online mediation can be more effective in resolving disputes. Studies have shown that parties involved in online mediation are more likely to reach a settlement than those involved in face-to-face mediation. This is because online mediation allows parties to communicate more openly and freely, without the constraints of face-to-face interactions.

Thirdly, technology can facilitate the mediation process itself. For example, online mediation platforms can provide tools for parties to share documents, track progress, and communicate with each other and the mediator. These tools can enhance the transparency and efficiency of the mediation process, helping parties to reach a settlement more quickly and effectively.

However, technology also has its limitations in commercial mediation. Online mediation may not be suitable for all disputes, and some disputes may require face-to-face interactions to build trust and rapport between the parties. Technological glitches and language barriers can also create barriers to communication.

In conclusion, technology has had a significant impact on commercial mediation, making the process more efficient, effective, and transparent. As technology continues to evolve, we can expect further advancements in the field of commercial mediation.

Nonetheless, it is essential to remember that technology should be used as a tool to enhance the mediation process, not replace it entirely. The human element of mediation remains critical in building trust and understanding between the parties involved in a dispute.

For an experienced and qualified commercial mediator to help negotiate a resolution to your commercial dispute contact Ken Strongman. Here.

About the Author: As a professional Mediator and Arbitrator since 2004 Ken Strongman has years of experience and has successfully resolved disputes in the fields of Business/Commercial, Securities, Estates/Probate/Trusts, Real Estate, Intellectual Property, Construction Defects, Construction Contracts, Employment, and Environment. He is also a Mediator and Arbitrator for FINRA.

© 2023 Ken Strongman. All Rights Reserved. Please do not copy or re-post without permission.