CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ 2022 report – has been ‘feeding’ clauses to VISDOM AI® (CobbleStone Software’s proprietary contract intelligence engine with machine learning) since April 2022. The goal is to reach to a grand total of 1 million real clauses, and CobbleStone is almost there!
This initiative was launched in the efforts of enriching the AI system and optimizing the contract lifecycle management process. With the addition of this initiative, users can expect an increasingly dynamic and robust intelligent interface with repeated exposure to contract language and clauses.
Named-entity recognition (NER) and natural language processing (NLP) are important factors that helped this project come to fruition. VISDOM AI can feature more than 140 different standard clause types and some of them include:
> Intellectual Property (IP) Clauses
> Waivers
> Confidentiality Clauses
> Amendments
“VISDOM AI is a great tool and to see it become enriched the way it has been is very exciting. This initiative has been in the works for a while, and we are very excited to soon hit the official 1 million clause mark,” says Bradford Jones, Vice President of Sales and Marketing at CobbleStone Software.
SOURCE: PR Web