Sixty-seven percent (67%) of executives are not comfortable accessing or using data from their existing tools and resources. Although senior executives continue to show interest in the data analytics process, few tend to have the necessary knowledge of data manipulation to execute. But what exactly is data manipulation? Data manipulation refers to the process of adjusting data to make it organized and easier to read. While a majority of executives reported that their analytical maturity has increased over the past year, many still use manual processes and are unwilling or unable to harness the full potential of data manipulation. Unfortunately, this approach to analytics means that systems and processes are typically still manual and slow-moving.
According to Gennadiy Borisov, CEO, Klika Tech, “Data analytics are mistakenly perceived as mystical, labor-intensive and costly expenses.” Well, these misperceptions are costing organizations time and money. Now is the time to demystify the data analytics process and drive better business outcomes. What if I told you that data maturity challenges and outdated processes could be easily automated – reducing risk and speeding time to value? With the right technology and processes in place, the misconceptions of data manipulation can be left in the past. If organizations incorporate unstructured data into their business approach and invest in technology to assist in the process, the benefits of data analytics are unbounded.
How Seal Can Help
Seal understands the multi-faceted data analytics process. With our award-winning legal AI technology, we empower enterprise companies to embrace change, while keeping industry best practices in mind. By minimizing the amount of configuration or manipulation required by business users, our pre-built contract analytics models drive actionable insights within a user-friendly interface. These Advanced Analytics speed up time to value, allowing customers to access information faster and make better business decisions.
Seal Now™, announced in October 2019, continues to raise the bar for AI-optimized solutions by bringing AI outcomes directly into applications that enterprise customers use. Seal’s new offering drives business value by accelerating the contract negotiation process while leveraging Microsoft Word, a solution that senior business leaders use daily. By reducing the effort required for internal review, Seal Now™ is increasing end-to-end negotiation efficiency.
As we have seen time and time again, emerging technology is vital to transformation and business success. Seal Software’s AI-powered technology presents senior executives with the opportunity to expand their analytic knowledge and promote agile business processes. By leveraging Seal to automate contract review and gain insights from unstructured data, organizations can reach business goals with speed and ease. With a 360-degree view into contract information, senior executives are better informed and, in a position, to benefit from the data analytics process. This insight offers organizations a significant advantage by enabling them to maximize the value from their existing systems while embracing new technology to digitally transform.
To learn more about how your organization can benefit from data analytics, download our Seal Now™ infographic or visit our Accelerator page.