AI and Transportation Contracts
The AI that we use to review contracts was developed by our technology partner. They are a cutting-edge company that was created out of Carnegie Mellon University by a group of inventive technologists. The AI used to review contracts consists of both Natural language Processing and Machine Learning. The technology uses “sifters” which are AI algorithms that are trained to read text and to look for a specific concept, for example cargo insurance. Sifters not only learn from experience, but they also improve over time—learning from their mistakes. It is amazing to watch the sifters improve over time as they are trained to read the contracts.
We offer a team that has an extensive amount of experience dealing with transportation contracts. We know what concepts are of the utmost importance and need to be identified. We also know the risk that is involved when reviewing these contracts and what could potentially happen if an important concept is missed. These contracts are long and complicated and finding people with the expertise to review them is often difficult. To solve this problem our team of experts in the transportation industry carefully developed sifters that target the most important concepts in common transportation contracts—concepts like a cap on the amount of cargo liability. Our solution makes it easier for people to identify and understand these important concepts in contracts. The software also offers help text advice and sample language for common concepts in transportation contracts. In fact, as far as we know, TRANSPORTATION CONTRACT AI is the world’s first AI software specifically intended for transportation contracts.