Organizations steeped in text documents have an ally in their quest to streamline business processes. Natural language processing, a branch of AI focused on communication, is helping companies such as Accenture surface high-value information and cut costs by bringing text-based, unstructured communications into the machine learning age.
With more than a million contracts in its records system and thousands more added monthly, Accenture’s legal organization of about 2,800 professionals was struggling to find specific information across contracts, thanks to a tedious, costly process for which detailed cross-document search capability was limited.
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Read More from This Article: Legal analytics: Accenture applies NLP to analyze contracts and liabilities
Source: News