Use Ultria Orbit Explorer to navigate and extract key contract information across thousands of contacts with speed and precision – working as a free-standing solution or as a bolt-on to your existing contract management software.
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TECH BEHIND ORBIT
Machine learning (ML) is an application of AI that provides systems ability to automatically learn & improve from experience
Machine Learning takes input from qualified users in the form of feedback and through software algorithms – adjusts the performance of the AI Engines to incorporate, or learn from, this feedback. ML allows “citizen scientists” rather than data scientists to adjust the behavior of Artificial Intelligence programs.
Semantic analysis helps cluster similar articles by comprehending the connection between different content and simplifies interpretation by disregarding low-value text content. The semantic analysis helps derive meaning from content.
NLP is the ability of software to identify a human’s approach to text and interpret it
While everyday communications are usually comprised of commonly understood language, contracts, on the other hand, follow a different model. For instance, a contract between enterprises in different countries dealing with advanced surveillance hardware would probably require very particular and very uncommon language.
NLP can be applied when a contract is drafted. It can also be used on existing documents to analyze and categorize attributes. NLP considers the context of the attribute by the language of a contract document, increasing accuracy.