Again, a frequently asked and pertinent question This is the fifth of a ten-part series on contract migration and related data extraction, which will help your legal teams gain a better understanding of the information included in all of your contracts. The first reaction is that EVERY document and EVERY data point needs to be […]

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As part of the legacy contract migration/data extraction series of blogs, here is the 3rd one of the series. Can I extract and track my business-specific information? But of course! In fact, 30-40% of the information that Brightleaf extracts are our clients’ business-specific information. To give an example, for a Class 1 Railroad company, we [...] Read More →

Contracts are an integral part of any business relationship and staying on top is critical. Automated abstraction gives legal, contracts, and procurement professionals the ability to efficiently and cost-effectively abstract key information from their contracts and improve how they manage contractual obligations. Contract data abstraction means extracting important data points which include clauses, dates, and […]

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Extracting key data elements i.e. metadata from contracts is not an easy chore.  Done manually, you would need to open each and every contract (which in itself is a time-consuming task), search through the full document for many different types of language, and copy and paste it into a tool like Excel. What is Metadata? [...] Read More →

Big data is an extremely large set of data that primarily consists of three characteristics volume, velocity, and variability which require storage, interpretation, and analytics to figure out the meaning. Here, data sources could be anything like social media comments, tweets, sensors, health records, smartphones, and on and on. Deep down this data has a […]

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Mesmerizing words like big data, data visualization, business intelligence… we have been hearing and using these words quite frequently in our day to day conversations. And why not? After all, this industry is one among the fastest growing. With so much new information flowing into virtually all businesses via different sources – online visitors engagement on […]

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We’re seeing new flavors of technology impact just about in every part of our business lives. The practice of law is affected as well: new technology is profoundly changing the way law firms and legal departments operate. On top of that, technology is driving globalization, and the resulting geographic ‘spread’ of business is increasing. This […]

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In my last blog, I mentioned how current laws have not kept current with advances in technology. Let’s now focus how new technology is playing an increasingly important role in Big Data. In the corporate world, timely, accurate and secure access to critical business information is crucial to success. But there is so much unstructured […]

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We LOVE this short, 3 ½ minute video where Mark Shilling, a principal at Deloitte Consulting LLP explains what he calls “amplified intelligence” as the next evolutionary step in putting analytics to work.  He explains how companies need to shift from sensing, responding and reacting to historical information and instead being predictive and proactive.  It’s […]

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Guest Post Submitted by: Tripti Sinha “Big Data” refers to the great stream of information in the world economy, increasing every day, which gives rise to the need of storing, analyzing and management of such data. What has brought about this trend? It’s simple, what used to be considered only a part of business intelligence […]

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