AI-POWERED CONTRACT RISK SCORING: THE DEVELOPMENT OF A CONTRACT RISK SCORING ENGINE
This article describes the creation and deployment of an artificial intelligenceContract Risk Scoring Engine, a transformative solution that has generated revenue through its innovative approach to contract analysis.The system automatically identifies and evaluates high-risk clauses and terms in both legacy and current contracts using advanced machine learning techniques and natural language processing.The solution significantly improves analysis accuracy compared to traditional manual review processes through the implementation of custom AI models specifically trained on contract language.The system is positioned as a cornerstone of modern contract intelligence through its sophisticated risk assessment framework, weighted scoring algorithms, and seamless integration capabilities.
Authors
- Niraj Ittan
Institutions
- Conestoga College (CA)
Publication Details
- Journal
- INTERNATIONAL JOURNAL OF RESEARCH IN COMPUTER APPLICATIONS AND INFORMATION TECHNOLOGY
- Published
- 2024-12-26
- DOI
- https://doi.org/10.34218/ijrcait_07_02_200
- Primary Topic
- Insurance and Financial Risk Management
- Type
- article
- Field-Weighted Citation Impact
- 0.00