The old way of capturing essential data attributes from legal documents has been transcended, thanks to technology. We hear about Artificial Intelligence (AI), we hear about Machine Learning software systems and other new technologies for data extraction from contracts. But when we dig into the details, the accuracy of abstraction is not to the standard for companies to make reliable business decisions. It is difficult to achieve very high accuracy from software and consistency from manual methods.

In this whitepaper, we will learn how AI alone can be insufficient for a legacy contract data extraction project, as well as the importance of leveraging human expertise in improving the efficiency of an AI.

What you will learn:

  • What capabilities does Artificial Intelligence data extraction software have?
  • Why is using AI to automate the process important?
  • When in the extraction process should AI software being introduced?
  • Where is AI software insufficient for the extraction of legacy contract data?
  • Who should do the review?
  • How can we bridge the gap?