The world is going through a lot of advancements in technology and making a huge impact on how business is being conducted and how organizations are adapting to these new technologies. A lot of human-intensive tasks are being fully automated ever since Artificial Intelligence and Machine Learning have come into usage.
we are seeing routine and mundane tasks being automated with the help of RPA (Robotic Process Automation), a lot of customer support functions getting automated with the help of Voice BOTS. It is not very far that we will witness wide usage of a Robot taking instructions from a recognized human voice and perform a business transaction on the fly.
Still, Departments like Sales, Procurement, Legal, Human Resource across organizations who are constantly handling Customers, Vendors, Employees are not making full use of the latest technologies like AI and ML in solving their day to day business challenges. Most of these have adapted to automation in the work they perform. For example, if you consider a procurement department entering into agreements with different vendors they have probably used technology in automating their contract management process like drafting a contract, sharing the draft with stakeholders for reviewing and redlining, negotiating contract terms and finally authoring the contract with a digital signature.
visit now: https://blogs.docskiff.com/changing-the-face-of-contract-analytics-using-ai-and-ml/
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