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A Weekly Update on Contract Analytics

When a Data Breach Occurs Will You Be Prepared?

When a Data Breach Occurs Will You Be Prepared?

It is almost certain that an organization will experience a data or system security breach at some point in its lifespan. In the last week alone, we’ve seen breaches at Microsoft1, Mitsubishi Electric2 and the DHS, affecting over a quarter of a billion people. Data breaches and cyberattacks are becoming even more widespread and significant…

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LIBOR Transition: Being Forewarned is Forearmed – Part 1

LIBOR Transition: Being Forewarned is Forearmed – Part 1

Guest Blog Contributed by Sharon Freeman, Managing Director, Antevorta Consultants Limited A tremendous amount of information and thought leadership exists for LIBOR transition supported by an assortment of to-do lists, rarely are there any practical solutions for implementation. In the first of my two-part insights, you’ll find a brief recap of events that allude to…

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Legal AI Adoption: The Tipping Point is Here

Legal AI Adoption: The Tipping Point is Here

As legal departments continue to embrace technology adoption, there is no doubt that advanced technology such as AI and contract analytics will augment the practice of law. These technologies are creating a shift in traditional legal workflows by enabling professionals to better understand contract language and obligations during internal review and negotiation. Investment in Legal…

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Data Manipulation: The Time is Now

Data Manipulation: The Time is Now

Sixty-seven percent (67%) of executives are not comfortable accessing or using data from their existing tools and resources[1]. 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…

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Climate and Change: Decarbonizing Procurement Contracts

Climate and Change: Decarbonizing Procurement Contracts

As momentum in favor of Environmental Social and Governance (ESG) issues continue to rise, so does the correlation between societal values and corporate investments. According to a recent Edelman poll of big investors, 52% of respondents said they’d put more trust in a company that linked executive compensation to ESG goals such as comprehensive data…

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Can Computers Think?

Can Computers Think?

Have you seen The Imitation Game? The 2014 historical drama is loosely based on the biography of Alan Turing (1912-1954), who was the first to ask the question, “Can computers think?” Turing was a Cambridge mathematics alumnus who was considered to be the father of theoretical computer science and artificial intelligence. In his seminal paper,…

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Accelerating Legal Negotiation with Contract Analytics

Accelerating Legal Negotiation with Contract Analytics

Guest Blog Contributed by Felix Rackwitz, Lawyer and Managing Director, TPR Legal The application of AI solutions is becoming commonplace in the legal field. We have seen it being used to analyze thousands of executed contracts, especially when it is essential to extract core information for regulatory, cost containment or revenue enhancement projects. It has…

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High Performing Companies Seeing Benefits from AI

High Performing Companies Seeing Benefits from AI

The Gartner Hype Cycle for Artificial Intelligence (July 2019 – subscription required) has over 40 separate and distinct technologies that make up the AI market. Like most Gartner hype cycles, the one for artificial intelligence is heavy on the “Innovation Trigger” phase (phase 1), reflecting the enormous amount of innovation coming out of start-ups and…

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Sales Enablement’s Focus on Customer-Centricity

Sales Enablement’s Focus on Customer-Centricity

The customer journey truly starts with the first sales conversation.  Sparking those conversations is very difficult: there is so much noise in our daily lives that breaking through with a clear value proposition seems nearly impossible.  Then nurturing that spark into a stronger flame requires excellent stories, conversations, and proof points.  All of these skills…

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Selection of Seal Customers