Data Is King In Harnessing The Power Of AI Technology In The World Of Contracts

 

 

 

In the world of AI technology, data is everything. As more companies look to incorporate AI into their polices and processes, it’s important to understand how to take full advantage of what AI can do.

There are many ways to do this, but one key way is to make sure the AI is pulling from a massive dataset. The more data the AI is able to pull from, the better the results will be. With strong results, company leaders can improve efficiency, refocus human resources and ultimately make better decisions for their businesses.

This is the case in all industries, including the world of Contract Lifecycle Management (CLM). In this industry, AI can remove some of the busy work involved in moving contracts forward and redirect the work employees do. AI doesn’t have to replace humans. With robust datasets, leaders can discover new ways to move their companies into the future.

Monish Darda, the CTO & Co-founder of Icertis, sheds further light on the transformative power of AI and its applications in the world of Contract Lifecycle Management (CLM) and beyond.

Monish’s Thoughts:

“I think, as I said, you cannot separate out the data from artificial intelligence. You need that data for the intelligence to be intelligence, right? And we have one of the largest curated contract repositories on the planet. So, we have the data. That’s number one. The second is when you use the data, when you use the AI to do something, to ask something, to have a conversation, to generate something, it is also important that you take action on what you have done. So, if you say, I want to discover something, it is not enough to stop at discovery. You now have to do something with the discovery. And we have an enterprise platform that goes across some of the largest companies in the world, that solves some of the most complex contract problems that exist on the planet. And you can apply that technology, that way of taking action, to the results that you get from AI.”

Follow us on social media for the latest updates in B2B!

Image

Latest

child safety
Child Safety Isn’t a Feature—It’s the Product: Harbor’s No-Compromise Approach
June 17, 2025

As technology becomes more embedded in daily life—especially in family and home care products—trust, reliability and child safety have become essential differentiators. Deloitte reports that consumers spend up to 25% more on brands they trust, and one in five spend 50% more when brand confidence runs deep. That trust becomes critical in sectors like…

Read More
career game
Unity’s Jessica Lindl on Playing the Career Game Loop: Learning to Earn in the New Economy (Episode 3)
June 16, 2025

As AI, automation, and immersive tech accelerate disruption, the future of work is being reshaped faster than most institutions can adapt. Entry-level roles for recent graduates are shrinking, traditional degrees are being questioned, and lifelong careers are being replaced by continuous reinvention. In this climate, the most valuable assets are no longer technical certifications…

Read More
the career game loop
Unity’s Jessica Lindl on Playing the Career Game Loop: Learning to Earn in the New Economy (Episode 2)
June 16, 2025

Today’s workforce is facing profound disruption, driven by automation, AI, and shrinking entry-level job opportunities. According to SignalFire’s 2025 State of Talent report, entry-level hiring in tech has dropped by 50% from pre-pandemic levels. In this shifting landscape, younger workers aren’t just seeking jobs—they’re demanding agency, feedback, and purpose. Game-based learning models like the…

Read More
career game loop
Unity’s Jessica Lindl on Playing the Career Game Loop: Learning to Earn in the New Economy (Episode 1)
June 16, 2025

As traditional career paths break down, economic mobility is being redefined by adaptability, not academic credentials. Today, 52% of college graduates are underemployed a year after graduation, working in roles that don’t require a four-year degree. Meanwhile, networking strategies like informational interviews yield one job offer per 12 conversations—far more effective than the one-in-200…

Read More