WisdomInterface

How AI is Changing Contracts

How-AI-is-changing-contracts

Contracting is a common activity, but few firms do it efficiently or effectively. It has been estimated that inefficient contracting causes firms to lose from 5 to 40 percent of value on a given deal. But recent technological developments, like artificial intelligence (AI), are helping companies overcome contracting challenges.

Contracting challenges include:

  • Managing a large volume of contracts
  • Dealing with inconsistent terms and clauses

In her research, Beverly Rich, author of “How AI Is Changing Contracts,” has seen how technology has increased the productivity and efficiency of contracting. And she believes that AI has the potential to dramatically improve how firms contract by:

  • Changing the tools that firms use to contract
  • Influencing the content of contracts
  • Affecting the processes by which firms contract
SUBSCRIBE
Image Processing

Who We Are

Xcellent Insights is a futuristic market intelligence firm, headquartered in New York, US that focuses on providing strategic market insights. We offer a plethora of data-centric research reports and consulting services to help customers expand and explore their business strategies, obtain clarity about current business trends and future development, and attain substantial growth. Our portfolio of services includes syndicated and custom research reports driven by end-to-end market research and market intelligence studies.

What We Do

We strive to offer the best market research and consulting services to our customers that will benefit them in making informed business decisions. We provide an extensive list of market research titles falling under various industry categories such as consumer goods, food, and beverages, automotive, healthcare, and chemicals, covering latest and trending market insights. Through our services, we aim to connect an organization’s goal with lucrative outcomes globally.

    Subscribe for more insights



    By completing and submitting this form, you understand and agree to WisdomInterface processing your acquired contact information as described in our privacy policy.

    No spam, we promise. You can update your email preference or unsubscribe at any time and we'll never share your details without your permission.

      Subscribe for more insights



      By completing and submitting this form, you understand and agree to WisdomInterface processing your acquired contact information as described in our privacy policy.

      No spam, we promise. You can update your email preference or unsubscribe at any time and we'll never share your details without your permission.