A whitepaper
The digital age is now
Artificial intelligence (AI) is already sharpening professional best practices across a variety of industries. However, revolutionary advancements in AI are particularly beneficial as they apply to contract management solutions – if corresponding AI tools are fed a nutritious diet of contract data.
Cast aside apocalyptic visions of malevolent androids usurping our throne. Artificial intelligence is designed to act as an efficient aid for certain tasks that were previously performed by decision-making humans. If a university professor were scouring students’ essays for plagiarism, for instance, it would be difficult to detect every traceable amount of stolen information in each essay in a reasonable amount of time. However, an artificially intelligent plagiarism detection service can check submitted documents against its database and the content of other websites in order to provide a detailed originality score in a matter of minutes or hours, allowing our collegiate example to focus exclusively on the content of those essays.
The point is this: AI does not replace the duties of employed human beings, rendering our workforce obsolete. Rather, it assists professionals in performing the myriad of demands of their roles so that their positions can be streamlined into more strategy-based ones.
Try Contract Insight for your own organisation
Contract Insight – the leading enterprise contract lifecycle management platform – has integrated VISDOM AI and machine learning, enabling users to convert static contract documents into dynamic assets to leverage for improved opportunity identification and risk mitigation.
Contract Insight provides contract and vendor tracking, configurable email alerts, calendar notifications, contract workflow management, robust security options, authoring of contract templates with dynamic clauses, revenue/cost management, full-text indexing and searching, vendor/client ratings, document version control, custom reports, electronic signatures, smarter contracts with artificial intelligence and machine learning.
To find out how you can leverage the power of AI for your organisation, book a free demo today with a Contract Insight® expert from Four today.
Contact John O’Brien, CEO at Four Business Solutions – global business consultants and software integrators specialising in business process improvement.
