System and method for managing contracts using text mining
First Claim
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1. A method of managing contracts, comprising:
- storing a plurality of electronic contracts including unstructured textual data;
determining one or more linguistic patterns associated with a business parameter;
generating linguistic rules based on the one or more linguistic patterns;
using text mining tools to extract information regarding the business parameter from the unstructured textual data using one or more of the linguistic rules; and
generating a visual output based on at least a portion of the extracted information.
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Abstract
A method of managing contracts is provided. The method includes storing a plurality of electronic contracts including unstructured textual data. The method further includes determining one or more linguistic patterns associated with a business parameter and generating linguistic rules based on the one or more linguistic patterns. The method further includes using text mining tools to extract information regarding the business parameter from the unstructured textual data using one or more of the linguistic rules. The method further includes generating a visual output based on at least a portion of the extracted information.
229 Citations
28 Claims
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1. A method of managing contracts, comprising:
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storing a plurality of electronic contracts including unstructured textual data;
determining one or more linguistic patterns associated with a business parameter;
generating linguistic rules based on the one or more linguistic patterns;
using text mining tools to extract information regarding the business parameter from the unstructured textual data using one or more of the linguistic rules; and
generating a visual output based on at least a portion of the extracted information. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. Software for managing contracts, the software being embodied in computer-readable media and when executed operable to:
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store a plurality of electronic contracts include unstructured textual data;
access linguistic rules generated based on one or more linguistic patterns associated with a business parameter;
use text mining tools to extract information regarding the business parameter from the unstructured textual data using one or more of the linguistic rules; and
generate a visual output based on at least a portion of the extracted information. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A system for managing contracts, comprising:
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a contracts database operable to store a plurality of electronic contracts include unstructured textual data;
a linguistic rule database operable to store linguistic rules generated based on one or more linguistic patterns associated with a business parameter;
a text mining module operable to use text mining tools to extract particular information regarding the business parameter from the unstructured textual data using one or more of the linguistic rules; and
an application operable to generate a visual output based on at least a portion of the extracted information. - View Dependent Claims (19, 20, 21, 22, 23, 24)
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25. A method of determining linguistic rules for use in managing contracts, comprising:
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identifying a business issue associated with at least a portion of a collection of data including unstructured textual data;
identifying one or more linguistic patterns associated with the business issue;
generating, based on the one or more linguistic patterns, linguistic rules operable to extract information regarding the issue from the collection of data;
manually analyzing a set of sample data to identify baseline information;
automatically extracting first sample information from the set of sample data using the linguistic rules;
comparing the first sample information with the baseline information; and
determining whether to modify the linguistic rules based on the comparison. - View Dependent Claims (26, 27, 28)
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Specification