Many enterprises have contracts sitting in various repositories, file shares and servers with key terms and data buried in their text or in contract management software which act as one of the former. Statements of work, indemnifications, assignment terms, revenue recognition policies, auto-renewals, and unknown incentives are few examples of contract information that add risk … [Read more...] about How Contract Analytics Can Provide Valuable Insights from Contracts
legal
5 Ways How Data Analytics is Changing Law Firms
Like any industry, also the legal industry is affected dramatically by big data analytics. Law firms that do not want to make the move to a data-driven legal practice are going to lose out from the innovative legal firms that embrace big data. Doing manual document review, using printed documents and storing documents in old-fashioned physical cabinets is no longer enough to … [Read more...] about 5 Ways How Data Analytics is Changing Law Firms
6 Tips to Avoid Data Leaks and Comply with the Law
Its almost becoming every day practice that we read in the newspapers about personal data of employees, students, patients etc. literally lying on the street. Sometimes an USB stick was lost, a smartphone got stolen or files are put out as waste paper. A data leak exists when personal data is held by third parties who should not have access to that data. The risk of data … [Read more...] about 6 Tips to Avoid Data Leaks and Comply with the Law
6 Issues to Consider when Monetizing Big Data
When discussing how companies can capitalize on Big Data, we often hear about successful use cases that have helped companies achieve various business goals, such as improving sales and efficiencies, strengthening customer relationships, and providing better products and services. Another way companies can capitalize on Big Data is by monetizing it. Data Monetization … [Read more...] about 6 Issues to Consider when Monetizing Big Data
The Impact of Big Data Decisions on Business Valuations
Companies need to face the new normal whereby corporate reputations suffer after mishaps with data under their control. Big Datas undeniable impact on companies goodwill and reputation has permeated the landscape of corporate valuation. Recent research confirms that companies need to face the new normal whereby corporate reputations suffer after mishaps with data under their … [Read more...] about The Impact of Big Data Decisions on Business Valuations
