AI
RAISES AU AND AERIA
The rise in AI is pushing the boundaries of contract lifecycle management and aerial intelligence
WRITTEN BY : DOMINC ELLIS
These are dynamic times in the world of AI with the nascent technology being rolled out across an increasingly wide range of areas , from maintenance management to aerial intelligence .
The AI-powered Icertis Contract Intelligence ( ICI ) platform structures and connects the critical business data found in contracts , providing customers with automation and insights to succeed in any business climate .
Icertis recently won the 2022 Microsoft Partner of the Year Award for the United States .
Paul Gleeson , Senior Vice President , Partners and Alliances , Icertis , said : “ Enterprises enjoy faster revenue , reduced costs , less risk , and better compliance , as well as efficiencies fuelled by ICI experiences within the Microsoft product suite .”
Icertis ’ latest accolade follows analyst recognition of the company ’ s CLM credentials , including Leader in the 2021 Gartner Magic Quadrant for Contract Life Cycle Management ( CLM ).
Another application that combines intelligent asset management , monitoring , predictive maintenance and reliability in a single platform is IBM ’ s Maximo enterprise asset management ( EAM ) system .
It uses Watson IoT technology to make better decisions about critical physical assets in industrial plants , whether they are discrete machines , complex functional asset systems , or human assets .
AI-based asset lifecycle and maintenance management solutions like Maximo use real-time data collection , diagnostics , and analysis tools to extend an asset ’ s usable life cycle . Use of the software also :
• Improves overall maintenance best practices
• Meets increasingly complex health , safety , and environmental requirements
• Controls operational risk , by embedding risk management into everyday business processes
42 September 2022