Artificial intelligence, neural networks, machine learning…the list goes on and on. If a company is not using some type of artificial intelligence (AI) it’s behind the industry standard. It’s the latest technology trend, like cloud and mobile before it, and it strives to make intelligent machines. AI provides a streamlined approach to accomplish everyday business processes. For example, contract management without AI requires a company’s employees to manually track each data point, but tracking may only occur at the end of every quarter and on contracts above a certain value. Without AI, companies are stuck in a “filing-cabinet” era, where finding specific information requires a lengthy process of searching through multiple files, extensive documents, and numerous pages to find the information it needs.
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