{"id":11247,"date":"2021-04-30T16:42:07","date_gmt":"2021-04-30T15:42:07","guid":{"rendered":"https:\/\/www.imprima.com\/?post_type=whitepapers&#038;p=8721"},"modified":"2022-06-13T09:24:13","modified_gmt":"2022-06-13T09:24:13","slug":"finding-information-in-documents","status":"publish","type":"whitepapers","link":"https:\/\/www.imprima.com\/whitepapers\/finding-information-in-documents","title":{"rendered":"Finding Information: What Does it Cost, What Does it Take?"},"content":{"rendered":"\n<p>According to&nbsp;<a href=\"https:\/\/www.mckinsey.com\/industries\/technology-media-and-telecommunications\/our-insights\/the-social-economy#\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>McKinsey<\/strong><\/a>, employees spend 1.8 hours every day \u2013 9.3 hours per week, on average \u2013 searching and gathering information\u2019.<\/p>\n\n\n\n<p>This is even more true in&nbsp;<a href=\"https:\/\/www.imprima.com\/business-solutions\/ma-transactions\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>M&amp;A Due Diligence<\/strong><\/a> where one of the main objectives is to find information, which can be challenging. The time pressure is especially high during the due diligence stage which increases the likelihood of missing certain information.<\/p>\n\n\n\n<p>That is where Machine Learning (ML) comes in. This whitepaper explains why NLP approaches to unstructured data (documents) are so effective.<\/p>\n\n\n\n<p>Points of discussion include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Traditional Search Methods:<\/strong>&nbsp;How do we traditionally search for information? What are the limitations?<\/li><li><strong>Machine Learning-Based Search<\/strong>: Highlighting how ML-based search works in&nbsp;&nbsp;<a href=\"https:\/\/www.imprima.com\/ai-due-diligence\/contract-review-software\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Finding Libor Clauses<\/strong>&nbsp;<\/a>(Case Study)<\/li><li><strong>Data vs Process:<\/strong>&nbsp;Enabling the Machine Learning&nbsp; process, without relying on external data.<\/li><\/ul>\n","protected":false},"featured_media":10431,"template":"","class_list":["post-11247","whitepapers","type-whitepapers","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Does it Cost, What Does it Take : to find information in Contracts ?<\/title>\n<meta name=\"description\" content=\"Latest white paper on how Machine Learning helps you find the relevant information 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