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ThoughtTrace Model Development: The Strategy Behind the World’s Most Accurate Contract AI Software

June 22, 2020 Whitepapers

WHITEPAPER

ThoughtTrace Model Development: The Strategy Behind the World’s Most Accurate Contract AI Software

Expert-built, community-driven, out-of-the-box functionality. ThoughtTrace takes a unique approach to model development and hosting, and we believe this approach is a true differentiator in value for our customers. The platform at its core is a general and flexible way to store, manage, and search across any type of contract or other documents. On top of that framework, ThoughtTrace builds, maintains, and makes available extraordinarily deep and domain‐specific models targeted at extracting key provisions and data elements from specific contract types that are of high importance to our customers in the industries we serve. ThoughtTrace’s expertise in this area provides our customers with several key benefits in contrast to the “build your own” approach to developing contract models.

In this whitepaper, ThoughtTrace CTO, Joel Hron discusses:

  • Why model development is important
  • What goes into effective model development
  • The advantage of community-driven models
  • How ThoughtTrace Subject-Matter-Experts contribute, and
  • The ThoughtTrace impact – a distinct competitive advantage in delivering the most accurate and advanced models possible.