Did you know that by 2024, Gartner estimates the degree of manual effort required for the contract review process will be halved as enterprises adopt AI-based contract analytics solutions?
Artificial Intelligence is a growing trend in the tech world from sentiment analysis to converting unstructured data into structured enterprise data. In contract management, AI is a game-changer that allows organizations to review contracts quickly, organize large-scale contract data more easily, assist in contract negotiations, and increase the volume of contracts that can be negotiated and executed. And with pattern recognition algorithms, AI can identify areas of improvement in the Contract Lifecycle Management (CLM) process.
