How to Evaluate AI-Based Solutions for Legal Tech

Logo
Presented by

Roland Roccaro, IT Project Manager, Symfact

About this talk

According to Gartner, legal departments will increase their spend on legal technology threefold by 2025. A large share of these investments goes to contract management solutions that centralize all contracts in one single system, while assisting subject matter experts in managing the lifecycle of contracts, compliance requirements and more. These systems are more and more leveraging advanced technologies like machine learning and artificial intelligence, which remain obscure to most legal specialists, making it difficult for them to compare the different approaches. This question and answer session covers the steps required in the process of evaluating AI-based solutions to automate contract review and analysis: - Search for training material - Annotation of training material - Methods to compare results - Calculation of precision - Identification of potential AI-based solutions - Integration with an existing system

Related topics:

More from this channel

Upcoming talks (1)
On-demand talks (17)
Subscribers (1087)
Cortical.io delivers highly efficient AI-based solutions that help enterprises unlock the value of unstructured text by leveraging a game-changing approach to Natural Language Understanding (NLU). Cortical.io SemanticPro is an intelligent document processing solution that accurately extracts, analyzes and classifies information based on meaning and builds the basis for document workflow automation. With more than 10 years expertise in implementing NLU solutions in the enterprise, Cortical.io has demonstrated its ability to solve the challenges of language ambiguity and variability across many use cases and verticals for Fortune 500 companies.