Streamlining legal document review; improving efficiency and accuracy
By VICTOR ANJOS
Today we will explore the transformative impact of Artificial Intelligence (AI) and Natural Language Understanding (NLU) in contract management systems. It highlights how AI and NLU simplify processes, reduce risks, and revolutionize contract creation, analysis, and management.
NLU enables machines to comprehend human language, making tasks like language translation and sentiment analysis possible. AI-powered contract management systems automatically generate contracts, streamline analysis, and enhance search capabilities, saving time and resources for organizations.
Moreover, these systems significantly mitigate risks, ensure compliance, and improve contract performance monitoring, leading to more informed decisions.
As AI and NLU advance, the future of contract management holds promising possibilities.
Key Takeaways:
Natural Language Understanding (NLU) enables computers to comprehend and interpret human language.
AI-powered contract management systems can automate contract creation, reducing time and resources.
Advanced search capabilities powered by AI and NLU enhance contract search and retrieval.
AI and NLU technologies in contract management systems mitigate risks and ensure compliance.
Apogee Suite of NLP and AI tools made by 1000ml has helped Small and Medium Businesses in several industries, large Enterprises and Government Ministries gain an understanding of the Intelligence that exists within their documents, contracts, and generally, any content.
Our toolset – Apogee, Zenith and Mensa work together to allow for:
Any document, contract and/or content ingested and understood
Document (Type) Classification
Content Summarization
Metadata (or text) Extraction
Table (and embedded text) Extraction
Conversational AI (chatbot) Search, Javascript SDK and API
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Creating solutions specific to:
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Document Intelligence
Intelligent Document Processing
ERP NLP Data Augmentation
Judicial Case Prediction Engine
Digital Navigation AI
No-configuration FAQ Bots
and many more
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Check out our next webinar dates below to find out how 1000ml’s tool works with your organization’s systems to create opportunities for Robotic Process Automation (RPA) and automatic, self-learning data pipelines.