AI’s Next Stop: Back-Office Risks
March 29, 2017
Investment in startups focused on risk and compliance, which command less share of buzz among back-office tech products, is getting new cachet with the help of artificial intelligence.
Unsexy specialties such as contract management, tax compliance and regulatory tools are getting a fresh glitter of promise for what’s possible.
That is because the future of machine learning for extracting new data insights and heading off corporate risks could save corporations enormous costs.
Within just a few years, algorithms will be able to parse mountains of data to make decisions on contracts, for example. That would mark the start of an era in which corporations will send in the machines to “talk” to one another to negotiate contracts.