Over several months, ContractPodAi interviewed 50 large corporate legal departments – managing more than 10,000 contracts combined – on their current organizational practices. We asked them about their overall technology use, their automation’s utility in contract risk and mitigation management, and their analysis of unstructured data, as well as their performance measurements of contact portfolios, etc.
Among other discoveries, we found that nearly 50% of all companies plan to adopt AI-based contract risk mitigation technology in the next 12 months. In fact, nearly 20% are already applying tools like contract management technology in order to gain competitive advantage.
ContractPodAi can help you to better understand the employment of technology by corporate counsel departments in 2020. This industry perspective delves into:
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