The Seal Discovery and Analytics platform is the undisputed industry leader in contract analytics; saving Global 2000 companies millions, whilst reducing corporate risk and revealing revenue enhancement opportunities.
The new release of the platform (V6) establishes three pillars of enterprise readiness – expanding the range of content types, analysis, and business use case capabilities.
Together, these pillars are game-changing for businesses seeking insights from their islands of unstructured documents. To help companies understand and maximize the value of the insights revealed by Seal, the Seal Customer Success team offers a business-based analysis to help identify and prioritize projects with the most potential for savings, risk reduction and revenue enhancement. With each successive project compounding value, the Seal platform is driving deeper and broader adoption and productivity improvements.
Unstructured data is the most important dataset in any organization, but the least mined and the hardest to find and use within digital transformation (DX) processes.
“By 2025, IDG projects that there will be 163 zettabytes of data in the world, and estimates indicate that 80% of this data is unstructured.” – IDG
IDG also predicts that within 2 years 60% of enterprises will have a digital transformation (DX) platform strategy and be in the process of implementing it as a means of remaining competitive within their industry sector. Top performing companies are incorporating a content analytics platform within their digital transformation eco-system. Scalability, extensibility and insight acceleration capabilities that reduce the ‘Time to Answers’ are prerequisites for mining large volumes of unstructured data in a meaningful and timely manner.
With the release version 6.0 of Seal Discovery and Analytics, Seal delivers on a set of “Enterprise Ready” goals initiated in 2017:
Seal uses five specific technologies that are associated with narrow focus artificial intelligence (AI), for simplicity we often refer to this set of AI technologies as “machine learning”. Narrow focus AI is the application of specific AI technologies to specific uses cases. Narrow focus AI differs from wide focus “question and answer” AI systems like IBM’s Watson that require data scientists and vast quantities of pertinent content to train and maintain. A narrow focus AI, like Seal’s, is easier to deploy and can be used and maintained without any special training or skills. This user friendly, out-of-the-box approach overcomes one of the biggest challenges CIO’s have associated with AI – the need and challenge of acquiring AI skills.2(Gartner 2018 CIO Agenda Report).
Seal Artificial Intelligence Technologies:
OCR: Optical Character Recognition is the conversion of images of text into digital and searchable textNLP: Natural Language Processing is the ability for a computer to understand and process human language/sText Analytics: The process that derives information from written text by using pattern recognitionSemantic Analytics: Automates the process of reasoning through construction of natural language conceptsMachine Learning: Is the ability for a software solution to learn without being explicitly programmed
To learn more about AI technology: click here
Before contracts can be managed, they must be located and subjected to an on-boarding process. Historically, companies underestimate the volume of contracts and the time and cost of on-boarding. Seal Discovery overcomes this challenge by automating the location and identification process, scanning multiple locations and the available metadata for relevant documents. Once identified as a possible contract, Seal’s on-boarding process automates the very mundane processes by:
One of the biggest benefits to the discovery process is the creation of a centralized search and access to contracts currently scattered or lost in SharePoint, Ariba, CLM, Dropbox, Box, DocuSign and OpenText repositories. To lean more: click here
Seal extraction is not the simple skimming of a document for key words and file information to place in metadata fields. Of course, it can do this simplistic function – but the Seal Machine Learning capabilities do much more to add value. The Seal extraction process’s accuracy, speed and volume exceeds that of other systems and manual Legal Process Outsourcers (LPOs).
Seal “layers” each document creating an intricate multi-dimensioned abstraction of the document. Each document abstraction begins with basic file information, formatting information, and document details – including searchable text, images, and tables. Once this step is complete, the the Natural Language Processing (NLP) process begins, identifying and abstracting information specified in defined policies that match the document’s type and categorization.
There are three policy types: standard Seal policies, optional use case specific policies (i.e. Procurement Insight), and User-Defined Machine Learning (UDML). Augmentation of the process with Seal Logic Engine enables pre-& post-processing tasks as well as calculation using the information that becomes available during the process. The possibilities are endless; a common use is the calculation of a contract’s expiration date when the contract only specifies start data and duration. All values, extracted or calculated, are captured and optimized to speed the search, review and analysis processes. The dynamic nature of Seal’s patented extraction model eliminates the tradition problems of missing or out-of-date metadata.
Seal analytics is the oracle for seeking answers and insight. The intuitive Seal UI masks a very sophisticated set of AI technologies, including Seal’s own latent semantic indexing (LSI) engine that requires no pre-defined policies to look for never-before-seen clauses and data points. The results are fast and easily classified. The classified results “tune” the system through active-learning, improving accuracy. While the analytics/LSI indexes and the extraction indexes are independent, the user leverages all indexes when they type in a query. They can tune the results to look for very specific examples or for all possible examples, depending on their need. Answers are presented in the UI and optionally through reports and dashboards that can improve team productivity and strategic insights.
The Seal Logic Engine (SLE) enables the application of business logic to further enhance the entity extraction process, including the calculation of values, dates, the normalization of contract parties’ names, inclusion of external process and more. Designed for use by the business analyst responsible for digital processes, data flow, and information integrity, the new logic engine capabilities enhance and simplify the digital transformation of unstructured content processes.
The new (V6) Seal Integration Engine (SIE) extends the capabilities of the Seal Logic Engine (SLE), enabling plug-and-play integrations with third-party apps such as DocuSign. The SIE performs and provides the following:
Using the standard documented system requirements, the SEI performance estimate is 1000 documents/minute (Test based on the standard DocuSign Envelope fetch, process, and import process).
See the results in your organization,risk-free.
Find out how Seal will help you find the terms, obligations, service levels, incentives, and risk hidden deep within your entire portfolio of contracts.
1990 N California Blvd., Suite 500
Walnut Creek, CA 94596
Tel: +1 650 938 SEAL (7325)
1-2 Hatfields, Waterloo
London SE1 9PG
Tel: +44 203 735 9898