W.W. Grainger, Inc.
Author: Deirdre Leone, Peggy Barber
Your Contracts Are A Goldmine of data. Big Data and Artificial Intelligence (AI) - two of the biggest business buzzwords in recent times. But before we lose you, let's consider the powerful implication of bringing the two together within your contract management workflow. Big Data relates to extremely large data sets. According to the dictionary definition it 'reveals patterns, trends and associations especially relating to human behavior and interactions'.
Big Data relates to extremely large data sets. According to the dictionary definition it “reveals patterns, trends and associations especially relating to human behavior and interactions”. Most contract management tools have some kind of BI reporting capability, but don't do data analysis in this depth. Seldom do they combine analytics and AI driven contract review. ContractPodAi's platform, however, helps your legal team make smarter business decisions through AI with the auto-extraction of meta-data.
This webinar will demonstrate how ContractPodAi's powerful reporting functionality combines with its Watson AI engine to deliver this advanced level of analytics.
Via key obligation extraction we will learn how to:
Then via audit trails, use data to create further operational efficiencies that lead to up to 40% shorter contracting cycles from request to signature.