Artificial Intelligence Effects on Contracts and Contracting

Abstract

Artificial intelligence (AI) will continue to disrupt everything in the future; in the authors' view, AI needs a couple of years for perfect implementation. We need to minimize future AI negative impacts by passing suitable risk avoidance mechanisms for reaching global human satisfaction. Artificial intelligence has a critical role in converting the unstructured documents into structured enterprise data. Through implementing AI in contractual management, enterprises can get assistance in assessing risks and opportunities of businesses. The mission will be to develop and implement an AI strategy for the organization by selecting the best AI techniques and methodology for advancing legal documents' manipulation to assist managers in implementing and generating contracts and contracting analysis.