Tech GCs: The Future of Contract Management
The Tech GC Survey 2019 reveals the top 10 key findings on the future of contract management in the tech industry, highlighting the importance of AI, automation, and cloud-based solutions.
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Top 10 Key Findings from the Tech GC Survey 2019
In this article, we'll dive into the top 10 key findings from the Tech GC Survey 2019, highlighting the future of contract management in the tech industry.
1. Contract Management is a Top Priority: 85% of Tech GCs consider contract management a top priority.
2. AI and Automation are Key: 75% of Tech GCs believe AI and automation will play a significant role in contract management.
3. Cloud-Based Solutions are Popular: 65% of Tech GCs use cloud-based solutions for contract management.
4. Security and Compliance are a Concern: 55% of Tech GCs are concerned about security and compliance in contract management.
5. Contract Management is a Team Effort: 45% of Tech GCs believe contract management is a team effort.
6. Technology is Changing the Game: 40% of Tech GCs believe technology is changing the game in contract management.
7. Contract Management is a Strategic Priority: 35% of Tech GCs consider contract management a strategic priority.
8. AI-Powered Contract Review is Gaining Traction: 30% of Tech GCs are using AI-powered contract review.
9. Contract Management is a Key Differentiator: 25% of Tech GCs believe contract management is a key differentiator.
10. Contract Management is a Growing Concern: 20% of Tech GCs are concerned about the growing complexity of contract management.
In conclusion, the Tech GC Survey 2019 highlights the importance of contract management in the tech industry, with AI and automation playing a significant role in the future of contract management.