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.

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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
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article

AI-POWERED CONTRACT RISK SCORING: THE DEVELOPMENT OF A CONTRACT RISK SCORING ENGINE

Niraj Ittan
INTERNATIONAL JOURNAL OF RESEARCH IN COMPUTER APPLICATIONS AND INFORMATION TECHNOLOGY
Insurance and Financial Risk Management
article

AI-POWERED CONTRACT RISK SCORING: THE DEVELOPMENT OF A CONTRACT RISK SCORING ENGINE

Niraj Ittan
article en

Abstract

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.

INTERNATIONAL JOURNAL OF RESEARCH IN COMPUTER APPLICATIONS AND INFORMATION TECHNOLOGYVol. 7(2)
Conestoga College (CA)
Openalex Percentile: Top 70%
Insurance and Financial Risk Management
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